Small enterprise house owners adversely affected by the COVID-19 pandemic can now apply for $5,000 grants, Wisconsin Governor Tony Evers introduced at the moment.
A complete of $420 million in grant funding for Wisconsin companies might be made out there by means of the “Wisconsin Tomorrow Small Enterprise Restoration” program, an initiative led by the Wisconsin Financial Growth Corp. and the Division of Income.
The funds are meant to assist Wisconsin companies recuperate from the financial affect of COVID-19.
“Our companies will be capable to use these funds to restock cabinets, atone for payments, rehire and retrain employees and assist proceed preserving of us secure so we will bounce again collectively,” Evers mentioned in a press release.
The grants will present funding to as many as 84,000 Wisconsin companies, in accordance with a press launch. Companies with revenues of between $10,000 and $7 million are eligible to use.
The DOR will settle for purposes till 4:30 p.m. on June 7.
The grants are a part of the governor’s plan to make use of the $2.5 billion the state will obtain below the American Rescue Plan Act of 2021, which incorporates $600 million in funds designated to help small companies. The Wisconsin Tomorrow Small Enterprise Restoration grants are included in that $600 million.
WEDC offered greater than $240 million in grants to assist greater than 60,000 small companies deal with losses associated to the pandemic, in accordance with a press launch.
Click on here to use for a $5,000 grant.