Coronavirus ＆ the Law Blog
March 20, 2020
WEDC Announces Targeted Grants to Small Businesses Suffering Losses Due to Coronavirus Emergency
The Wisconsin Economic Development Corporation (WEDC) is creating a program to provide grants to targeted Wisconsin businesses. This $5 million grant program will assist “smallest of the small” businesses around state.
In another step toward assisting small businesses that suffer losses related to the COVID-19 health emergency, the Wisconsin Economic Development Corporation (WEDC) is creating a program to provide grants to targeted businesses throughout the state, WEDC Secretary and CEO Missy Hughes announced today.
The WEDC Board of Directors on Tuesday approved $5 million in funding for the program, which will be known as Small Business 20/20 (SB20/20). SB20/20 will provide grants of up to $20,000 to targeted businesses with no more than 20 employees to cover rent and to meet payroll expenses, including paid leave (including sick, family and other leave related to COVID-19).
Find out more in their article, WEDC Announces Targeted Grants to Small Businesses Suffering Losses Due to Coronavirus Emergency, on wedc.org.
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