01 Jun Applications to open June 15 for $75 million We’re All In Small Business Grants
The Wisconsin Economic Development Corporation (WEDC) will begin accepting applications online for the $75 million We’re All In Small Business Grant (WSBG) program beginning at 8 a.m. on June 15, WEDC officials announced today.
The program, which will provide $2,500 grants to 30,000 small businesses, is designed to help small businesses get back on their feet amid the COVID-19 pandemic while also encouraging them to adopt best practices to keep employees, customers and communities safe.
“Small businesses have been hit especially hard by the pandemic,” said Missy Hughes, WEDC Secretary and CEO. “The We’re All In Small Business Grants are intended to provide the ‘starter fluid’ to get these economic engines running again.”
Funded primarily by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, the grants will help small businesses with the costs of business interruption or health and safety improvements, wages and salaries, rent, mortgages and inventory.
A business may apply for the We’re All In Small Business Grant if it:
- Was in business in February 2020. Businesses that started in 2020 are not eligible;
- Is Wisconsin-based and for-profit;
- Employs 20 or fewer full-time equivalent (FTE) employees, including the owner; and
- Has more than $0 but less than $1 million in annual revenues.