Governor Evers Announces $75 Million in Assistance for Small Businesses
Tuesday, May 19th, 2020 -- 9:35 AM
-Gov. Tony Evers announced $75 million in assistance for small businesses as part of the Wisconsin Economic Development Corporation’s We’re All In initiative, a comprehensive effort to celebrate and help Wisconsin’s small businesses get back on their feet and support best practices to keep businesses, consumers, employees and communities safe.Funded largely by federal dollars received through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this initiative will provide direct assistance to small businesses most impacted by the duration and restrictions of the COVID-19 pandemic. These $2,500 cash grants will assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages, and inventory. Businesses will be able to apply for grant assistance in early June.
Wisconsin small businesses have stepped up during this pandemic to keep people safe and many have pivoted to producing needed items such as hand sanitizer and face coverings. Providing relief to small businesses in Wisconsin that have been impacted by the pandemic is an important part of our response to and recovery from the pandemic.
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