28 Nov Gov. Evers, U.S. Sen. Baldwin: Announce $1.9 million federal grant to aid Wisconsin entrepreneurs
Gov. Tony Evers, Sentator Tammy Baldwin
MADISON — Gov. Tony Evers today, together with U.S. Sen. Tammy Baldwin (D-Wisconsin), announced the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI) has awarded the state of Wisconsin $1.9 million in technical assistance funding to support legal and financial advice for small businesses.
“Small businesses are the hearts of our communities and huge drivers for local economies, employing about half of Wisconsin workers and bringing unique goods and services to our communities, and they are more likely to hire locally, buy supplies locally, and get back to their local communities, too,” said Gov. Evers. “This support from our federal partners will go a long way in building upon our work to help make sure our small businesses have every opportunity and resource to succeed and thrive.”
Today’s announcement builds upon the governor’s and U.S. Sen. Baldwin’s work to support small businesses and economic development across the state. Earlier this year, Gov. Evers and U.S. Sen. Baldwin announced Wisconsin would receive nearly $80 million in SSBCI funding to support entrepreneurs and small businesses throughout the state. Additionally, under Gov. Evers’ leadership, Wisconsin has invested millions of dollars in supporting small businesses across the state, including through the We’re All In, Wisconsin Tomorrow Small Business Recovery, and the Main Street Bounceback Grant Programs.
“In Wisconsin, our small businesses are the backbone of our local economies and the fabric of our communities,” said U.S. Sen. Baldwin. “I am proud to have helped deliver federal funding to ensure that our small business owners and entrepreneurs have the tools they need to reach new customers, grow their businesses, and keep our economy strong.”
The $1.9 million announced today will be administered through the Wisconsin Department of Administration (DOA) and the Wisconsin Economic Development Corporation (WEDC), which will award grants to the University of Wisconsin (UW)-Madison Law and Entrepreneurship (L&E) Clinic and the UW Institute for Business and Entrepreneurship.
“Wisconsin is a place where innovative ideas are turned into successful businesses,” said WEDC Secretary and CEO Missy Hughes. “We are grateful that this federal grant will strengthen our state’s support system for new and underserved businesses.”