Wisconsin businesses may be eligible for federal disaster loans if they have suffered losses due to the unusually mild winter.
The National Weather Service reports snowfall statewide has been 20 to 30 inches below normal this winter. In the Lake Superior snowbelt, generally across Ashland, Iron, and Vilas counties, snowfall was 40 to 70 inches below normal.
The U.S. Small Business Administration says they will consider loss from recent low snowfalls to be drought-related and eligible for assistance.
Wisconsin Economic Development Corp. Secretary and CEO Missy Hughes says the lack of snow has impacted travel and recreation businesses that rely on downhill and cross-country skiing, snowshoeing, and snowmobiling. Click the link below for more and listen to a radio interview with Secretary Hughes.
[Adapted from: If Your Business Depended On Snow… Help Is Here March 30, 2024, Mid-West Farm Report]
