$420 Million In Small Business Grants Available In Wisconsin

Milwaukee WI

25 May, 2021

2:26 PM

Description

MADISON, WI — Applications for up to $420 million of small business grants opened Monday, Gov. Tony Evers announced. The applications will close on 4:30 p.m. on June 7. The grants will provide as many as 84,000 Wisconsin small businesses with annual gross revenue between $10,000 and $7 million with a flat award of $5,000, the governors office said. The new grants will target Wisconsin small businesses, including those that started in 2020, in sectors hardest hit by the pandemic, according to the statement. Individuals and businesses interested in the grant program can find information on the Department of Revenue website. The Wisconsin Tomorrow Small Business Recovery Grants program was put together by the Wisconsin Economic Development Corporation and the Department of Revenue and is funded by the American Rescue Plan Act of 2021 (ARPA.) "We want small businesses to know that help is on the way, and we're glad to be able to announce these application dates so we can get these funds to our small businesses as quickly as possible," Evers said. "Our businesses will be able to use these funds to restock shelves, catch up on bills, rehire and retain workers, and help continue keeping folks safe so we can bounce back together." The grants are part of Evers' plan to use the $2.5 billion the state will receive under ARPA, which includes $600 million in funds designated to supporting small businesses, the governors office announced.