The goal of the Minority Business Development (MBD) Program is to support existing, new and expanding minority-, woman- and veteran-owned businesses in the state of Wisconsin.
This program primarily supports the following WEDC Strategic Pillar and Focus Area:
Community and Economic Opportunity: Minority Business Development
The program is designed to support minority, women and veteran business development through direct assistance to nonprofit organizations and businesses in Wisconsin. The funding is intended to promote investment and job retention and creation in minority communities and underserved markets by increasing access to capital and business development and training opportunities.
Ethnic Minority Emergency Grant
In response to the strain placed on small businesses by the COVID-19 pandemic, WEDC has funded the Ethnic Minority Emergency Grant (EMEG) initiative as part of the Minority Business Development Program. The EMEG initiative will award grants of $2,000 per company to ethnic minority-owned businesses with five or fewer full-time equivalent employees (including the owner) in the retail, service or hospitality sectors that have not received assistance through the Small Business 20/20 Program or the federal CARES Act and/or Paycheck Protection Program.
This one-time, temporary initiative will accept applications from May 18-26, 2020. Companies that meet the program criteria can apply through one of Wisconsin’s Collective Ethnic and Diverse Organizations during the application window. If the applications received exceed the funds available, companies will be selected at random from the pool of pre-qualified applicants that meet all program criteria.
Read more about the EMEG initiative, including answers to frequently asked questions about this program and how to apply.