Gov. Tony Evers has announced the state of Wisconsin will be investing an additional $25 million into the Main Street Bounceback Grant Program, which has already helped more than 4,200 small businesses and nonprofits across all 72 Wisconsin counties. With the announcement the state’s total investment in the program is $75 million, which will enable 2,500 more small businesses and nonprofits to fill empty storefronts throughout the state.
“The impact we've had through our Main Street Bounceback Grant Program over the last year has been tremendous, truly helping small businesses and main streets in every corner of our state,” said Gov. Evers. “We’ve heard from folks from across the state about how these funds have helped them take their businesses to the next level. We’ve also seen firsthand how these investments have helped support local economies in downtowns and communities that are now filled with unique businesses that otherwise might not be there today. I’m proud of our work making strategic investments in small businesses and I'm excited that today's announcement means we'll be able to continue our work supporting main streets and communities across Wisconsin.”
The Main Street Bounceback Grant Program was first announced in April 2021, and since, more than 4,200 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.
The deadline for grant applications for the Main Street Bounceback Grant Program has been extended to Dec. 31, 2022, and grants will be awarded on a first-come, first-served basis until all the funds are disbursed. WEDC is working with nine regional economic development organizations to disburse grant funding to eligible businesses and nonprofit organizations.
More information about the Main Street Bounceback Grant Program and how to apply is available on the WEDC website here.