Wisconsin Small Business Now Eligible for $2,500 Grant
There is a new grant program from the Wisconsin Economic Development Corporation. 30,000 Wisconsin small businesses will receive $2,500 grants to assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory. The application period begins Monday, June 15, at 8:00 AM and continues till midnight June 23. Click here for more information.
HOW IT WORKS
Funded by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, the We’re All In Small Business Grant Program will provide $2,500 grants to 30,000 Wisconsin small businesses to assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory.
To be eligible, businesses must:
- be a Wisconsin-based, for-profit business;
- employ 20 or fewer full-time equivalent (FTE) employees, including the owner; (Seasonal businesses should use the highest total FTEs employed during the season.)
- earn greater than $0 but less than $1 million in annual revenues (gross sales and receipts); and
- have started operating prior to Jan. 1, 2020, and have been in business as of Feb. 2020. (Seasonal businesses should use the highest total FTEs employed during the season.)
The online grant application will be accessible for one week from 8 a.m. Monday, June 15, through 11:59 p.m. Tuesday, June 23. A link to the application will be posted on this page. The Wisconsin Economic Development Corporation will make clear on this webpage and through all of its communications channels when the application period begins and ends. Businesses interested in receiving notifications about funding and other pandemic recovery resources from WEDC can subscribe to receive regular alerts.
For More Information
WEDC representatives stand ready to provide guidance to small business owners whose questions are not addressed in the FAQs. To reach a WEDC representative, call 608.210.6700. As they are anticipating heavy call volumes, your patience is appreciated.