Gov. Evers announces $420 million in grants for small businesses

State Street in Madison, WI

WAUWATOSA, Wis. — Gov. Tony Evers announced Thursday that Wisconsin will award up to $420 million to small businesses affected by the pandemic through the state’s new Wisconsin Tomorrow Small Business Recovery Grant program.

According to a news release, the program is a collaboration between the Wisconsin Economic Development Corporation and the Department of Revenue.

The release said the effort is funded by President Biden’s American Rescue Plan and has the potential to help nearly 84,000 small businesses in the state. Under the program, small businesses would be eligible for grant awards of $5,000.

Details of the grant program will not be finalized until federal rules for the stimulus plan are in place, but businesses and individuals interested in learning more can visit this website.

Gov. Evers also vetoed a package of Republican-authored bills that would have directed how the state would spend $3.2 billion in federal COVID-19 relief money.