The goal of the Small Business 20/20 program is to support small businesses and micro-enterprises adversely economically impacted by the COVID-19 Virus.
This program supports the following WEDC Strategic Pillar and Focus Area:
Business Development: Business Retention and Expansion
The Small Business 20/20 Program provides grant funds to approved community development financial institutions (CDFIs). Approved CDFIs will award grants of up to $20,000 to their existing loan clients to assist with cash-flow challenges resulting from COVID-19.
Businesses that are not currently CDFI clients are not eligible to access these funds, but WEDC will work to expand access to funding through other programs as more resources become available. If you have more questions, view this FAQ page on SB20/20.