Oct 9, 2020 | COVID-19, MBE CPAs

Last Updated: October 23, 2020

WEDC We’re All in Grant Phase II

The Wisconsin Economic Development Corporation (WEDC) has released phase two of the We’re All In Grant. About $50 million has been set aside, which will award $5,000 grants to Wisconsin businesses.

Most businesses are eligible if their business operated prior to January 1, 2020, and remained operational in 2020 without closing, suffered a loss due to the pandemic, filed their tax return, and earned less than $1,000,000 in revenue per their tax return. In addition, eligible businesses must employ less than 50 full-time employees, and 75% or more of the business’s value of assets are located in Wisconsin (as well as labor costs).

Of those businesses that meet the above criteria, priority is given to the following:

  • Those who did not receive the first phase of the WED We’re All In grant (although if you did, you are still eligible for this second phase)
  • Minority business owners
  • Industries with the greatest impact due to COVID (bars, restaurants, etc.)

However, certain industries do NOT qualify, such as:

  1. Crop production
  2. Animal production
  3. Lessors/Landlords
  4. Nonprofits
  5. Those on the WI DOR delinquent taxpayer list (contact us if you have questions on this one).

For more information and to apply, visit https://wedc.org/programs-and-resources/wai-small-business-grant/. Applications start on October 19 and end on November 2, 2020.