Additional $25 Million Investment Goes to Successful Main Street Bounceback |
News |
Written by GOV Press Wisconsin |
Tuesday, 13 September 2022 13:40 |
http://newiprogressive.com/images/stories/S5/small-business-office-s5.jpgGrants have helped more than 6,000 small businesses and nonprofits, brings total investment to $100 million in all 72 counties. MADISON — Gov. Tony Evers, together with Wisconsin Economic Development Corporation (WEDC) Secretary and CEO Missy Hughes, today announced the state will provide an additional $25 million investment for the popular Main Street Bounceback Grant Program, bringing the total investment in the Main Street Bounceback Grant Program to $100 million. To date, more than 6,200 small businesses and nonprofits across all 72 Wisconsin counties have been approved for $10,000 grants to help them move or expand into vacant commercial spaces. “One of our top priorities for our pandemic recovery has been supporting our local communities and Main Streets through our Main Street Bounceback program, which has already helped more than 6,000 small businesses and nonprofits across our state,” said Gov. Evers. “We knew that investing in Wisconsin ingenuity and entrepreneurship would pay dividends for our state and local economies, and it certainly has. I’m proud of our work through the Main Street Bounceback program and am glad to be making an additional investment in this successful program to continue helping support small businesses in every corner of Wisconsin.” A recent analysis of state allocations showed that as a share of federal aid received by states under the American Rescue Plan Act, Wisconsin ranks second in the country for aid directed to economic development and first in the country in aid to businesses. These investments have helped ensure the state’s successful recovery, including an unemployment rate that continues to be near or at record low numbers, increased exports of Wisconsin goods, new business openings, and attraction of new businesses from other states and expansions of existing ones. |