GRANT: WEDC’s Small Business 2020
Small Business 2020 (SB20/20) is a $5 million grant program to assist businesses with no more than 20 employees to cover rent and to meet payroll expenses, including paid leave; providing grants of up to $20,000 to targeted businesses, especially retailers, restaurants and small service providers. The grants will be deployed by partnering with the State’s 23 community development financial institutions (CDFIs). According to the WEDC, the intention is to expand this program to larger businesses as resources become available.
With all your financial needs, first speak with your financial institution.
CDFI’s in Wisconsin
Community Development Financial Institutions (CDFIs) are specialized community based financial institutions with a primary mission to promote economic development by providing financial products and services to people and communities underserved by traditional financial institutions, particularly in low income communities.
CDFIs include community development banks and credit unions, and non-regulated institutions such as non-profit loan
funds or venture capital funds.
CDFIS IN WISCONSIN:
Brewery Credit Union
Columbia Savings and Loan Association
Community Assets for People
CoVantage Credit Union
First American Capital Corporation
First Nations Community Financial
Forward Community Investments, Inc.
Habitat for Humanity of Dane County, Inc
Hmong Wisconsin Chamber of Commerce
Impact Seven, Inc.
Legacy Redevelopment Corporation
Milwaukee Economic Development Corporation
Mitchell Bank Holding Corporation
NiiJii Capital Partners, Inc.
Northwest Side Community Development Corporation
Northwoods Community Credit Union
Royal Credit Union
Ways to Work
WBD Advantage Fund, LLC
Wisconsin Native Loan Fund, Inc.
Wisconsin Womens Business Initiative Corporation (WWBIC)
Post expires at 11:51am on Monday March 22nd, 2021