Join Us! WWBIC Virtual Luncheon on December 1, 2020

Join Us! WWBIC Virtual Luncheon on December 1, 2020

Join Us! WWBIC Virtual Luncheon on December 1, 2020

Through the ups and downs and twists and turns of 2020 WWBIC’s work at the frontline of economic development has a greater sense of urgency.
Our mission to support entrepreneurs and business owners throughout Wisconsin who are serving our community, supporting themselves, their families and employees via their own business remains constant. We do hope this year you will join us at the frontline with support for our 2020 WWBIC Luncheon as we work in different ways to foster hope and opportunity and reduce inequity in our business community.
Luncheon Program | 12:00 – 1:00 pm
Open House Small Biz Market | 1:00 – 3:00 pm
In going virtual this year we are able to support more clients than ever before, registration will include an event mailing with luncheon giftcards to WWBIC supported restaurant clients and a custom curated event box. Please register by November 13, 2020 to be included in the event mailing.
Sponsorship begins at $500 | Individual Tickets $75
To register, please click here.
For information on Sponsorship Levels and Benefits, please click here.

SBA Awards Three Wisconsin Organizations $528,000 in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital

SBA Awards Three Wisconsin Organizations $528,000 in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital

SBA Awards Three Wisconsin Organizations $528,000 in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital

The Wisconsin Women’s Business Initiative Corp., ADVOCAP, and Northwest Side Community Development Corp. are set to receive grants from the U.S. Small Business Administration to help low-income entrepreneurs gain access to capital through the Program for Investment in Micro-Entrepreneurs, more commonly known as PRIME. This is a first-time award for Milwaukee-based NWSCDC. 

  • NWSCDC’s award of $140,000 will support entrepreneurs in its northwest Milwaukee service area that includes 19 Opportunity Zone census tracts. Willie Smith, executive director of NWSCDC responded to the award saying, “We’re thrilled to partner with SBA and serve more small businesses on Milwaukee’s northwest side. We have an energetic team that wants to help our neighbors start a business and grow their operation.”

 

  • ADVOCAP’s award of $188,000 will target rural low-income entrepreneurs with training and technical assistance services in Fond du Lac, Winnebago, and Green Lake counties. Kathy Doyle, ADVOCAP’s director for business development noted,
    “With this grant many of our entrepreneurs will have access to training, technical assistance and SBA micro-loan funds which will help them start, expand and grow their businesses.  Not only will this help entrepreneurs succeed but it will add jobs and revenue to our service area.”

 

  • WWBIC’s award of $200,000 will support technical assistance to disadvantaged entrepreneurs throughout the state. Chief Visionary Officer Wendy Baumann noted, “These funds specifically allow us to continue to work with very, very low- income communities and individuals.  WWBIC is proud to provide our quality business and financial programs and resources in Opportunity Zones, rural areas and HUBZones across Wisconsin – reaching deeper in our communities at promise.”

 

“These funds from the SBA will help these three Wisconsin small business champions make an impact on entrepreneurs trying to take their business to the next level and make it sustainable during this challenging time,” SBA Great Lakes Regional Administrator Rob Scott said. “This business development also will make an impact on local economies and help spur economic development and job creation in distressed areas, which is a key element of SBA’s strategy.”

Wisconsin’s SBA District Director Eric Ness added, “Partners like these three organizations are crucial to SBA’s work of helping small businesses start, grow, expand, and recover. We look forward to seeing the impact of these funds on the small businesses they serve and working with them to leverage their impact.”

For 2020, the SBA placed special emphasis on projects designed to offer training and technical assistance to strengthen economically disadvantaged businesses, particularly those projects serving entrepreneurs in Opportunity Zones, rural areas and Historically Underutilized Business Zones. The 30 PRIME grant recipients represent 19 states and 23 are in Opportunity Zones created by the Tax Cuts and Jobs Act of 2017 and designed to spur new capital investment in America’s economically distressed communities. Nearly 9,000 communities in all 50 states, the District of Columbia, and five territories are designated as Opportunity Zones.

This year more than 120 organizations applied for PRIME grants, which range from $75,000 to $250,000, and typically require at least 50% in matching funds or in-kind contributions. PRIME was created by Congress as part of the Program for Investment in Microentrepreneurs Act of 1999. Grant funds will be made available on September 30, 2020, and the project period for each grant is one year.

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more visit www.sba.gov.

About WWBIC

Wisconsin Women’s Business Initiative Corp. (WWBIC) is a leading, innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color, veterans and low income individuals, providing direct lending and access to fair and responsible capital, quality business education, one-on-one technical business assistance and education to increase financial capability. Since 1987, WWBIC has lent over $77 million in micro and small business loans with a current loan portfolio of $24 million and over 570 active borrowers. To learn more about WWBIC visit: www.wwbic.com

Charter invests $1 Million in WWBIC to lend to small businesses in underserved Wisconsin communities

Charter invests $1 Million in WWBIC to lend to small businesses in underserved Wisconsin communities

Charter invests $1 Million in WWBIC to lend to small businesses in underserved Wisconsin communities

Charter Communications, Inc. today announced the Spectrum Community Investment Loan Fund (Loan Fund) has invested $1 million in the Wisconsin Women’s Business Initiative Corp (WWBIC), which will lend to individuals starting or expanding a small business within Charter’s Wisconsin service area. The Loan Fund focuses on making loans through Community Development Financial Institutions (CDFIs) to small businesses whose goods and services help meet core needs in underserved communities within Charter’s 41-state operating footprint.

“Charter is investing in the communities where our customers and employees live and work, and we are excited to partner with WWBIC to make available vital economic resources to small business owners in Wisconsin,” said Jeff Buller, Charter Vice President overseeing the Loan Fund. “In addition to the capital to fund vital low interest small business loans, Charter is also providing a grant that makes available assistance programs and training for small business owners in Wisconsin.”

WWBIC is a leading innovative statewide economic development corporation that’s been “Putting Dreams to Work” in Wisconsin since 1987. Opening the doors of opportunity by providing access to critical resources such as responsible financial products and quality business and financial education. WWBIC focuses on individuals who face barriers in accessing traditional financing or resources including women, people of color, veterans and low-income individuals.

“WWBIC is thrilled with this new investment through Charter,” said Wendy Baumann, WWBIC President. “Such capital investments allow WWBIC to continue advancing our access to responsible capital and enable us to grow and serve more entrepreneurs and business owners.”

In February, Charter launched the Loan Fund committing to invest $10 million in capital by the end of 2021. In June, with the addition of investment partnerships with the National Urban League (NUL) and National Action Network (NAN), Charter’s Loan Fund commitment increased to $13 million. Charter previously announced $1 million investments in Pursuit Community Finance in New York, PeopleFund in Texas, and the Economic and Community Development Institute (ECDI) in Ohio, $3 million in the National Urban League’s Urban Empowerment Fund (UEF), and an additional $3 million in low-interest loans directly to CDFIs in partnership with and as directed by NAN. Over the next year, the Loan Fund expects to invest an additional $3 million across CDFIs in California, Florida, and North Carolina.​

In addition to the loans, each CDFI receives a grant to fund technical assistance programs and professional training for small businesses to help establish sound business practices necessary for long-term growth and continuity. Some of these grants have recently been earmarked to support businesses impacted by COVID-19.

 

About Charter

Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 30 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.

 

About WWBIC 

Wisconsin Women’s Business Initiative Corp. (WWBIC) is a leading, innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color, veterans and low income individuals, providing direct lending and access to fair and responsible capital, quality business education, one-on-one technical business assistance and education to increase financial capability. Since 1987, WWBIC has lent over $77 million in micro and small business loans with a current loan portfolio of $24 million and over 570 active borrowers. To learn more about WWBIC visit: www.wwbic.com

WE ARE ALL IN: WWBIC Virtual Meeting at the Capitol – Summary

WE ARE ALL IN: WWBIC Virtual Meeting at the Capitol – Summary

WE ARE ALL IN: WWBIC Virtual Meeting at the Capitol – Summary

Thanks for your support in joining with WWBIC to advance needed resources to Wisconsin small businesses.
 
On August 13, 2020 WWBIC hosted “Making An Impact: Virtual Meeting at the State Capitol”.
 
The regional and strategic breakouts produced a wealth of ideas. We are ALL in! We are resilient, we will recover and we will rebound.
 
If you missed us live yesterday a video of our opening session is attached for your review. WWBIC is open for business and in working together we can do more. 

Waukesha County and WWBIC to Launch Small Business COVID-19 Business Assistance Grants Program

Waukesha County and WWBIC to Launch Small Business COVID-19 Business Assistance Grants Program

Waukesha County and WWBIC to Launch Small Business COVID-19 Business Assistance Grants Program

Waukesha County through the Wisconsin Women’s Business Initiative Corporation (WWBIC) is launching the Small Business Assistance Grants Program to assist micro  businesses impacted by the COVID-19 crisis.   

$170,000 has been approved by the CDBG Board for small business assistance grants – up to $10,000. These dollars will be able to assist a minimum of 17 businesses in Waukesha County. 

The funds have been made available to Waukesha County from the U.S. Department of Housing and Urban Development (HUD) under the Federal CARES Act.  


How will this program work and who is eligible?  

WWBIC will be handling the application and distribution of the grants, as well as follow up business coaching and mentorship opportunities. All information about this grant is available on WWBIC’s website at wwbic.com/waukesha-cty-grant-program/

Funds will be targeted to micro enterprise (5 or less employees) businesses located in Waukesha County with business owners whose household income is below 80% of the Waukesha County Area Median. Income information can be found on WWBIC’s website.  The businesses located in the Villages of Chenequa, Lac La Belle and Oconomowoc Lake are not eligible to apply.  

Interested small business owners, please review all requirements for eligibility and all documents needed for the application at wwbic.com/waukesha-cty-grant-program/


When will the application be available?  

The application will be available on Friday, August 7th at noon. All applications will be reviewed in the order they are received (time stamped) and will be equitably considered. The application will remain open until noon on Friday, August 14th.

For additional information or questions about applying for the Waukesha County Grant Program, please contact Thalia Mendez tmendez@wwbic.com or 414-395-4545.