Gov. Tony Evers, in collaboration with the Wisconsin Economic Development Corporation, has announced that 10 community organizations across the state received over $1.5 million in Small Business Development Grants, according to a community announcement.
The grants, ranging from $50,000 to $250,000, are intended to support small business development and creation, according to the announcement. The organizations will pass 100% of the SBDG funds on to small businesses.
Two central Wisconsin organizations were recipients of the grant money and have plans to support local small businesses in their communities.
The Pittsville Community Development Authority received $90,000. The city will create an expanded economic development initiative based on the current Community Development Authority program, which only supports businesses within city limits, or about 2 square miles. The expansion would provide support to six rural locations with historic commercial centers, with $30,000 dedicated to grants and $60,000 to a revolving loan fund. Businesses may use funds for façade improvements, murals, outdoor gathering and seating spaces, and to meet ADA requirements, according to the announcement.
The Waupaca County Economic Development Corporation received $250,000. The funds will be used to assist small business owners who own a building or are purchasing a building in any of the historic downtowns or older commercial corridors in Waupaca County. Small businesses currently located in, or purchasing, an older building in Waupaca County downtowns or other older commercial districts that are approved for financial assistance through the WCEDC's existing revolving loan fund will be qualified to receive a Building Improvement Grant of up to $50,000. Eligible improvements include making the buildings safer, energy efficient, accessible and structurally sound. Additional support includes business and financial assistance throughout the application process and the length of the loan, according to the announcement.
The other recipients of the SBDG include the Ashland Area Development Corporation, Village of Bonduel, City of De Pere, Dunn County Economic Development Corporation, Grant County Economic Development Corporation, Village of Hortonville, City of Sheboygan Falls, and Urban League of Greater Madison.
For more information on the Small Business Development Grants, visit wedc.org/programs/small-business-development-grant/.
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This story was created by reporter Nida Tazeen, [email protected], with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at cm.usatoday.com/ethical-conduct.
This article originally appeared on Wisconsin Rapids Daily Tribune: Over $300K in grants headed to small businesses in central Wisconsin
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