City Launches Business Restart Grants
Businesses with $2 million or less in revenue can apply for $20 million grant program.
Mayor Tom Barrett announced the initial framework for the Milwaukee Business Restart Program Friday afternoon.
The grant program, for businesses with no more than 20 employees and up to $2 million in annual revenue, is intended to pay for costs associated with retooling businesses to best practices for health and safety.
“It’s going to really prepare businesses to get going,” said Natanael Martinez of the Department of City Development‘s Commercial Corridor Team. “Some examples we have already seen is a lot of grocery stores have been using plexiglass.”
“By putting a size limit on this program we are making it clear this is a program intended for our small, basically neighborhood businesses,” said Barrett.
The city will not take applications on a first-come, first-served basis, but instead will offer an application window for businesses to apply. “We don’t think that first-come, first-served is necessarily fair,” said Barrett. “One of the things we want to avoid is the rush to the bank.”
He said the city would wait for all of the applications to come in before deciding how much funding to allocate to the program, but it could eventually allocate $20 million of the over $100 million in federal CARES Act funding it received. Businesses could receive upwards of $15,000.
“A lot of that is going to be dependent on how many businesses and how many individuals apply,” he said. The Mayor said the city considered using Community Development Block Grant money for the program, but thought the CARES Act funds would be more flexible. The funds received via the CARES Act can not be used by the city to replace lost revenue and must be spent on the pandemic response.
Barrett said more information, including an application window and process, would be announced in the coming days.
The city issued a new health order Thursday evening that allows salons, spas, tattoo parlors and barbershops to reopen. Retail stores were allowed to reopen earlier this week under a state order.
If you think stories like this are important, become a member of Urban Milwaukee and help support real, independent journalism. Plus you get some cool added benefits, all detailed here.
- Senator Baldwin and Representatives Moore, Kind, and Pocan Call on President Trump to Extend Full Federal Funding for Wisconsin National Guard to Fight COVID-19 Pandemic - U.S. Sen. Tammy Baldwin - Aug 14th, 2020
- Are COVID-19 Deaths Higher Than We Think? - Erik Gunn - Aug 14th, 2020
- Milwaukee County Currently Suppressing COVID-19 - Graham Kilmer - Aug 13th, 2020
- Unemployment Claims Below 1 Million Last Week - Graham Kilmer - Aug 13th, 2020
- Transportation: Bus Capacity Increasing to 15 - Graham Kilmer - Aug 13th, 2020
- UWM Professor Studying How To Improve Pandemic Communication - Jeramey Jannene - Aug 13th, 2020
- WI Daily: COVID-19 Testing Hits Month Low - Jeramey Jannene - Aug 13th, 2020
- Gov. Evers Announces Launch of COVID-19 Response and Recovery Investment Dashboard - Gov. Tony Evers - Aug 13th, 2020
- Pandemic Aid Programs Are Failing Us - Princess Safiya Byers - Aug 13th, 2020
- Baldwin Rebukes Trump Admin Over Testing Shortages - Erik Gunn - Aug 13th, 2020
Read more about Coronavirus Pandemic here