MADISON (WAOW) — Wisconsin is investing greater than $100 million into the financial stabilization of small companies and communities hit onerous by the COVID-19 pandemic.

Gov. Tony Evers introduced the efforts which can be funded by the Federal Coronavirus Help, Aid, and Financial Safety (CARES) Act Coronavirus Aid Fund (CRF) on Tuesday.

“Small companies, together with the tourism and lodging industries, are the spine of our Wisconsin communities. The continuing pandemic, mixed with a scarcity of motion on the federal degree could pressure many of those companies to shutter their doorways for good,” mentioned Gov. Evers. “That’s why we’re investing one other $100 million in companies and communities throughout our state. Our communities are in determined want of extra federal assist, however we are able to’t wait a second longer to do what we are able to right here in Wisconsin.”  

Among the funds are going to “We’re All In Grants,” an financial improvement grant launched earlier this summer season. The primary part of this system invested greater than $65 million in grants for 26,000 companies. This round prioritizes businesses most impacted by the pandemic.

The brand new investments embrace:

  • Over $50 million of $5,000 We’re All In Grants to greater than 10,000 Wisconsin small companies
  • $20 million for the Wisconsin lodging trade
  • $15 million for reside music and efficiency venues all through Wisconsin
  • $10 million to assist privately owned film theaters
  • $10 million in aditional assist for non-profit cultural venues
  • $4 million in extra investments for vacation spot advertising and marketing organizations and tourism drivers. This extra funding brings the entire to $12 million

Click here to learn the complete announcement.



Source link

Author

Write A Comment