Last updated on October 6th, 2020 at 05:34 pm
Wisconsin Gov. Tony Evers today announced that he is allocating more than $100 million in funds from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund (CRF) to help stabilize small businesses and communities “hardest hit by the COVID-19 pandemic.”
The funds include an additional $50 million for “We’re All In Grants,” an economic development grant program launched by the Wisconsin Economic Development Corp.(WEDC) this summer. More than 26,000 businesses have received “We’re all In Grants” statewide, Evers said. But many continue to face economic challenges from the pandemic, he said.
“Small businesses, including the tourism and lodging industries, are the backbone of our Wisconsin communities,” Evers said. “The ongoing pandemic, combined with a lack of action at the federal level may force many of these businesses to shutter their doors for good. That’s why we’re investing another $100 million in businesses and communities across our state. Our communities are in desperate need of additional federal support, but we can’t wait a moment longer to do what we can here in Wisconsin.”
The new funds announced today include:
- More than $50 million for $5,000 We’re All In Grants to more than 10,000 Wisconsin small businesses. They will be administered by the Wisconsin Department of Revenue in partnership with WEDC.
- $20 million for the Wisconsin lodging industry.
- $15 million for live music and performance venues throughout Wisconsin.
- $10 million to support privately owned movie theaters.
- $10 million in additional support for non-profit cultural venues.
- $4 million in additional investments for destination marketing organizations and tourism drivers.