Applications for $420M small business grant program now open

Tony Evers in front of a flag

MADISON, Wis. — Applications for $420 million in state-run small business recovery grants are now open.

The grants will provide flat awards of $5,000 to up to 84,000 Wisconsin businesses with annual gross revenue between $10,000 and $7 million.

Gov. Tony Evers announced Monday that the applications will open Tuesday, May 24 at 8 a.m. Applications will stay open through 4:30 p.m. on June 7.

“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,” Evers said. “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 grants are funded by money the state received as part of the federal American Rescue Plan. The program is a collaboration between the Wisconsin Economic Development Corporation and the Department of Revenue.

“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.

More information about the grants and the application process is available on the Department of Revenue’s website.