$420 Million To Wisconsin Small Businesses Affected By Pandemic

Gov. Tony Evers announced on Thursday the state will award up to $420 million to small businesses affected by the pandemic through the new Wisconsin Tomorrow Small Business Recovery Grant program, according to a news release.

The effort has the potential to help 84,000 Wisconsin small businesses that have an annual gross revenue between $10,000 and $7 million. Under the program, small businesses would be eligible for grant awards of $5,000.

Details of the new grants will not be finalized until federal rules for ARPA funds are in place.

Preliminary plans by WEDC and DOR call for targeting the program at Wisconsin small businesses, including those that started in 2020, in sectors that have been hit hardest by the pandemic. Individuals and businesses interested in learning more about the Wisconsin Tomorrow Small Business Recovery Grant program can visit this page for updates, the release said.

Gov. Evers today also vetoed a series of bills passed by Republicans in the Legislature last week that would dictate how Wisconsin’s ARPA funds should be spent.