WWBIC lands $1.1M federal grant for micro-financing

The Wisconsin Women’s Business Initiative Corp. was awarded $1.1 million by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund late last week, which the organization will use to build its revolving loan fund, build capacity and expand programming.

"This award will allow our customers to create and grow small and micro-businesses and create new jobs," said Wendy Baumann, president and CEO of WWBIC. "It will help them generate economic self-sufficiency for themselves and their families."

A total of $54.2 million was awarded to 44 organizations by the Department of the Treasury fund. WWBIC was one of three organizations around the country to receive $1.1 million, the maximum award.

For more information, visit www.wwbic.com.

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