KAUKAUNA — Community businesses affected by the COVID-19 pandemic can now receive $5,000 to help get back on their feet through the Wisconsin Tomorrow Small Business Recovery Grant program.
The program is now open and will take applications through 4:30 p.m. on Monday, June 7, according to a news release from Gov. Tony Evers’ office.
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.
“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,” Gov. Evers said in a news release. “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 governor’s announcement today regarding Wisconsin Tomorrow Small Business Recovery Grants reflects the strategy of the new Wisconsin Tomorrow: Building an Economy for All report recently released by the WEDC, which calls for investments that advance economic well-being for individuals and communities. Last year, WEDC provided more than $240 million in grants to help more than 60,000 small businesses cope with losses related to the pandemic.
“These new grants are intended to support those small businesses who were hardest hit by the pandemic and who are now poised to make a strong recovery with just a little extra help,” said WEDC Secretary and CEO Missy Hughes said.
The grants are part of Gov. Evers’ plan to use the $2.5 billion the state will receive under the ARPA, which includes $600 million in funds designated to supporting small businesses.
The new grants will target Wisconsin small businesses, including those that started in 2020, in sectors that have been hit hardest by the pandemic. Individuals and businesses interested in learning more about the Wisconsin Tomorrow Small Business Recovery Grant program by visiting the main page of the Department of Revenue, revenue.wi.gov.