Gov. Evers Unveils $75 Million in Grants to Support Equitable Economic Recovery and Diverse Business Investment
Governor’s investments toward diverse, equitable economic recovery now total $125 million
Applications now open for $50 million Equitable Recovery Grant program
MILWAUKEE — Gov. Tony Evers today announced two new competitive grant programs totaling $75 million to support diverse business investment in communities disproportionately impacted by the pandemic. The pandemic has underscored—and, in some cases, even exacerbated—disparities experienced by underserved communities, in particular for people of color in Wisconsin. Gov. Evers earlier this year announced $50 million in grants to community partners working to eliminate disparities and promote equity and inclusion, bringing the governor’s total investment into promoting diversity in the state’s economic recovery from COVID-19 to $125 million. The governor made the announcement today in Milwaukee’s Dominican Center alongside business leaders representing some of Wisconsin’s ethnic and diverse chambers of commerce.
“We’re working every day to ensure our economy recovers from this pandemic, and part of that means making sure every family, every business, and every community can bounce back,” said Gov. Evers. “These grants will help make sure some of our hardest-hit communities have a fighting chance to rebound and recover while ensuring our state can move forward and build a more prosperous, equitable future.”
“The Ethnic and Diverse Business Coalition is honored to stand with Governor Evers and his Administration to ensure that ethnic and diverse businesses in the state of Wisconsin receive the much needed technical assistance and financial supports that they need,” said Marjorie Rucker, chair of the Ethnic and Diverse Business Coalition. “Ethnic and diverse businesses are often lumped into the ‘small business category’ without fully understanding the unique issues that they face. This award helps to balance the scale in favor of ensuring that these ethnic and diverse businesses get the attention that they need so that they can participate in the trajectory of true sustainability and growth in Wisconsin.”
“Investing in the success of our small business communities has been a key strategy of the Evers Administration from the start,” said Department of Administration Secretary Joel Brennan. “We are committed to making sure that every community in Wisconsin has an equal chance to thrive.”
All three programs are funded by the federal American Rescue Plan Act and will be administered by the Department of Administration (DOA). Applications for the Diverse Business Assistance Grant program and the CDFI Diverse Business Investment Grant program will become available in the next few weeks.
For updates on other recovery-related grant opportunities, sign up for the Badger Bounceback update list.