Wisconsin restaurants, bars, bakeries, food trucks, breweries, wineries, distilleries and inns that prepare and serve food or beverages can now apply for funding equal to what was lost in the pandemic up to $10 million per business. The federal Small Business Administration’s Restaurant Revitalization Fund recipients do not have to repay the funding as long as it is used for eligible purposes by March 11, 2023.
“During the pandemic, staff at the Wisconsin Economic Development Corporation (WEDC) and our partners at the state Department of Revenue (DOR) worked to distribute more than $240 million in We’re All In grants to Wisconsin’s small businesses,” said Missy Hughes, WEDC secretary and CEO. “While the third phase of We’re All In grants specifically targeted the food, beverage and amusement sector, we know that this part of our economy was one of the hardest hit in the pandemic. That’s why I’m so grateful to see this federal funding available.”
(Adapted from “Keeping Wisconsin’s restaurants open for business ,” May 18, 2021, Urban Milwaukee)