BELOIT—Small locally-owned companies in Beloit are being inspired to use for grants which can be a part of the most recent spherical of COVID-19 stimulus funding.
Purposes for the Wisconsin Tomorrow Small Enterprise Restoration Grant might be accepted till 4:30 p.m. on June 7, based on an announcement by the workplace of Governor Tony Evers. The Wisconsin Tomorrow Small Enterprise Restoration Grants program is a collaboration between the Wisconsin Financial Improvement Company (WEDC) and the Division of Income (DOR).
The grants will present as many as 84,000 Wisconsin small companies with annual gross income between $10,000 and $7 million with a flat award of $5,000.
Go to Beloit Govt Director Celestino Ruffini stated the grant program was “a superb alternative” for small companies to get a further spherical of support.
“Many several types of companies, together with these which can be tourism based mostly, can full the temporary utility and make the most of the funds to proceed their COVID-19 restoration plans,” Ruffini stated. “We’ll strongly encourage all eligible companies within the area to use.”
Final yr, WEDC offered greater than $240 million in grants to assist greater than 60,000 small companies address losses associated to the pandemic.
“These new grants are meant to assist these small companies who had been hardest hit by the pandemic and who are actually poised to make a powerful restoration with just a bit additional assist,” stated WEDC Secretary and CEO Missy Hughes.
The grants are a part of the $2.5 billion the state will obtain beneath the American Rescue Plan, which incorporates $600 million in funds designated to supporting small companies.