WEDC: We’re All In Grant
The Wisconsin Economic Development Corporation (WEDC) is offering a small business grant, funded by the CARES Act. This grant will provide $2,500 to assist 30,000 small business owners in Wisconsin. Here’s what you need to know.
To be eligible for this grant, you must meet all 4 of these requirements:
- Business must be a Wisconsin-based, for-profit business;
- Employ 20 or fewer FTE employees (includes the owner and seasonal businesses should use the highest total FTEs employed during the season);
- Business must have an annual revenue of more than $0, but less than $1 million (gross sales and receipts);
- Started operating prior to January 1, 2020, and have been in business as of February 2020.
For additional eligibility requirements and application process, see their website here.
Applications will be available from 8 a.m. Monday, June 15, to 11:59 p.m. on Tuesday, June 23 (SEE UPDATE BELOW). Please note that the application process is not a race against the clock. All applications received by WEDC during the application dates will be reviewed and 30,000 businesses will be selected and awarded the grant. After the application period has closed, applications will be reviewed for eligibility and will be scored, ranked, and awarded based on industries with the greatest negative impact due to the COVID-19 pandemic, community distress, and geographic dispersion. The scoring will also consider whether the business has received assistance through WEDC’s SB20/20 program or Ethnic Minority Emergency Grant initiative, or through the U.S. Small Business Administration Economic Injury Disaster Loan Program or Payroll Protection Program.
The link to the application will be posted on the WEDC website.
For more information or their frequently asked questions, check out their helpful resources, here.
If you are in need of a copy of your tax return, W-9, or have any questions please contact your MBE CPAs representative or visit our website at www.mbecpa.com/contact/.
For additional information, please see the recorded webinar from the Sauk County Development Corporation (SCDC) here. In the webinar Tracy Luber from WEDC, discusses the We’re All In program in-depth.
June 24 Update- The application period for We’re All In Business Grants has been extended until 11:59 p.m. Friday, June 26.