The Wisconsin Economic Development Corp. (WEDC) has awarded approximately $34 million so far to over 3,400 small businesses and nonprofit organizations in the state through the Main Street Bounceback Program.
The goal of the program is to provide financial support to businesses that move into existing vacant commercial properties, revitalizing the business communities of municipalities across the state. Each business receives $10,000, which comes from American Recovery Plan Act (ARPA) funding.
“Small businesses are an essential part of our state and local economies,” said Gov. Tony Evers in a statement. “This program is about making sure we’re investing in our long-term economic success by helping entrepreneurs and new business owners achieve their business dreams while revitalizing main streets in every corner of our state, creating jobs, gathering places, and new opportunities for communities.”
[Adapted from: WEDC awards $34 million to help support small businesses Apr. 27, 2022 Biz Times]