State officials want to give out additional $28M in small business COVID relief funds

Wisconsin officials have distributed more than $72 million to individual small businesses statewide in the form of $10,000 grants since August 2021, but now they’re aiming to hand out $28 million more by Jan. 1, according to a report in Isthmus.

As many as 525 Dane County businesses have already benefited from the Main Street Bounceback program, and the Center on Budget and Policy Priorities rates Wisconsin first among all states for using federal COVID-19 funding in direct aid to businesses.

To qualify for the grants, businesses and nonprofits had to move into a vacant commercial space between Jan. 1 and Dec. 31 of this year. Existing businesses cannot use the grant to move from one spot to another but can use it to expand or open another location. Applicants only have to submit proof of lease or proof of purchase, and franchisees are also eligible.

For more information on the grants and to apply by Dec. 31, visit the WEDC website.