WWBIC celebrates America Saves Week 2021

WWBIC celebrates America Saves Week 2021

WWBIC celebrates America Saves Week 2021

As part of America Saves Week 2021 (February 22 – February 26, 2021), we asked the WWBIC Team to share their savings goals. Watch the video below to hear from Dionne Villareal, WWBIC Milwaukee Regional Office Coordinator, and her journey to becoming a first-time homebuyer.

Click here
to take the America Saves Pledge to create a savings goal and make a plan to reach better financial stability. You will receive monthly reminders about your savings goal, as well as helpful savings resources.
 
Visit americasaves.org for additional savings tools and information about the America Saves Campaign.
 

WWBIC is a proud supporter of America Saves Week & Wisconsin Saves, a local initiative of America Saves.

WWBIC to open new women’s business center in Southwestern Wisconsin

WWBIC to open new women’s business center in Southwestern Wisconsin

WWBIC to open new women’s business center in Southwestern Wisconsin

For Immediate Release: WWBIC to open new women’s business center in Southwestern Wisconsin

 

The Wisconsin Women’s Business Initiative Corp. (WWBIC) has received additional funding from the U.S. Small Business Administration to open a new Women’s Business Center in southwest Wisconsin. This new center will serve entrepreneurs and business owners throughout nine counties of southwestern Wisconsin.

Funded by a $750,000 multiyear grant from the U.S. Small Business Administration, it will open in 2021. The center will support programming in nine counties: Crawford, Grant, Juneau, Iowa, La Crosse, Lafayette, Monroe, Richland, and Vernon.  The SBA grant funds the center with an annual grant of $150,000 for five years.

“WWBIC is thrilled to receive additional federal funding from the SBA Office of Women’s Business Ownership to continue to expand and meet the needs of so many interested in starting and expanding that business in the southwest part of our state,” said Wendy K. Baumann, President and CVO. 

“We are all so pleased and honored that WWBIC is opening a new Southwestern Wisconsin Women’s Business Center here in La Crosse. The City is a proud partner with WWBIC, sharing the goal of supporting our women entrepreneurs and small business opportunities here in our area. We look forward to continuing and building that relationship, especially with this new office located right here in the Coulee Region,” said Mayor Tim Kabat.

WWBIC has had a presence in the La Crosse and Viroqua areas for the past 6 years and in 2019 alone, served 1,217 unduplicated clients and worked with key strategic partners among others, City of La Crosse La Crosse Area Development Corporation, Viroqua Chamber Main Street’s, SW SBDC, SBDC at UW-La Crosse, Couleecap, Driftless Development, Juneau Economic Development Corporation, SWCAP, Coulee Region Business Center, YWCA-La Crosse to advance the important work of assisting small businesses through technical assistance and lending services.

WWBIC has offices across Wisconsin serving the Appleton area, Green Bay area, Greater Madison, Greater Milwaukee, Racine, Kenosha, and surrounding counties. This will be its first office located in the southwest region of Wisconsin. 

WWBIC to Launch The City of Appleton COVID-19 Small Business Relief Grants Program

WWBIC to Launch The City of Appleton COVID-19 Small Business Relief Grants Program

WWBIC to Launch The City of Appleton COVID-19 Small Business Relief Grants Program

For Immediate Release: WWBIC to Launch The City of Appleton COVID-19 Small Business Relief Grants Program 

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has received funding from the City of Appleton 2020 CDBG-CV1 allocations to launch the City of Appleton COVID-19 Small Business Relief Grants Program to assist small and micro business owners whose business has been negatively impacted by the COVID-19 pandemic/economic crisis.

The City of Appleton has approved $40,000  for small business assistance grants. These dollars will be able to assist four (4) existing businesses in the City of Appleton in the amount of $10,000. Grants can be used for assistance with, but not limited to, payroll, rent, utilities, inventory, reopening costs, or physical modifications for the space to align with COVID-19 Guidance.


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 bit.ly/appletonreliefgrants.

Funds will be targeted to for-profit, existing small businesses (not a start-up) located in the City of Appleton where the business has 20 or fewer full-time equivalent employees, including the owner. Interested small business owners, please review all requirements for eligibility and all documents needed for the application at: bit.ly/appletonreliefgrants.


When will the application be available?  

The application will be available on Wednesday, January 20th, 2021 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 Wednesday January 27th , 2021.


For additional information or questions about applying for the City of Appleton COVID-19 Small Business Relief Grants Program, please contact Julie Stoffel Julie.stoffel@wwbic.com  | 920.944.2710

WWBIC Virtual Luncheon on December 1, 2020 – Summary

WWBIC Virtual Luncheon on December 1, 2020 – Summary

WWBIC Virtual Luncheon on December 1, 2020 – Summary

Visionary Leadership:  Evolving Purposefully in our Communities

The annual WWBIC Luncheon commenced on December 1, 2020, and provided both moments of reflection and a path forward. Wendy Baumann, WWBIC President/CVO shared “At WWBIC, we envision a far different and better future with equal access to wealth creation for all Wisconsin entrepreneurs.  Our work is our march, one client at a time every single day. We will never quit, never give in, never give up on dismantling entrenched inequality and inequity – through the opportunities of entrepreneurship we can sustain hope in our work, our community and with our clients.”

 
We thank the many that were able to join us and offer a video link to the program, WWBIC Shop Small Catalog, and sponsorship information.

Our 2020 “Voices of Impact” Speakers

JANE BLAIN GILBERTSON

JANE BLAIN GILBERTSON

Blain’s Farm & Fleet

Jane Blain Gilbertson is the President, CEO and sole owner of the 43 Blain’s Farm & Fleet stores in the Midwest employing 4,400 individuals…the country store for our rural communities. Former Board Member of Bank One, Johnson Bank and The International Women’s Forum, Blain is a graduate of Miami University. 

GWEN JIMMERE

GWEN JIMMERE

Naturalicious

Gwen Jimmere is the Founder and CEO of Naturalicious an entrepreneur leading a seven figure business that has created high performing, time-saving haircare products distributed in over 1,200 retail stores including ULTA, Whole Foods and Sally Beauty.  Jimmere is a graduate of Kent University.

NOEL POYO

NOEL POYO

National Association for Latino Community Asset Builders (NALCAB)

Noel Poyo is the Executive Director of the National Association for Latino Community Asset Builders (NALCAB) a fellow CDFI dedicated to integrating lower income communities and immigrants into mainstream financial services. NALCAB has raised more than $300 million for socially-motivated real estate and economic development projects.  Poyo is bicultural and bilingual and graduate of Yale University.

City of Milwaukee/WWBIC to Launch Small Business COVID-19 Forgivable Loan Program

City of Milwaukee/WWBIC to Launch Small Business COVID-19 Forgivable Loan Program

City of Milwaukee/WWBIC to Launch Small Business COVID-19 Forgivable Loan Program

The City of Milwaukee along with the Wisconsin Women’s Business Initiative Corporation (WWBIC) is launching the City of Milwaukee Building Resiliency Small Business Assistance Forgivable Loan Program to assist micro and small businesses impacted by the COVID-19 crisis.

$1,000,000 has been approved by the Common Council for small business forgivable loans – up to $15,000. These dollars will be able to assist a minimum of 57 businesses in the City of Milwaukee.

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


How will this program work and who’s eligible?  

WWBIC will be handling the application, underwriting and distribution of the forgivable loans, as well as follow up business coaching and mentorship opportunities. All information about the City of Milwaukee Building Resiliency forgivable loan product is available on WWBIC’s website at bit.ly/mkeforgivableloan

Funds will be targeted to micro and small businesses (20 or less employees) located in the City of Milwaukee that retain or create a minimum of one job for a low-to-moderate income individual or to micro business owners whose individual household income is below 80% of the Milwaukee County Area Median income. Income information can be found on WWBIC’s website. Job creation can be accomplished by re-hiring or bringing an employee who has been laid off back to work.

Interested small business owners, please review all requirements for eligibility and all documents needed for the application at bit.ly/mkeforgivableloan


When will the application be available?  

The application will be live on Friday, November 13th 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 11:59 PM on Sunday, November 22nd.


“We know that we are in the midst of more than just a public health crisis; we face an enormous economic crisis that’s affecting workers and business owners,” said Mayor Tom Barrett. “In addition to the City’s Restart grant program, we are partnering with the Wisconsin Women’s Business Initiative Corporation on the Building Resiliency Small Business Assistance Forgivable Loan Program to thoughtfully distribute our federal CARES Act dollars and provide much needed assistance to local businesses as they weather the effects of the COVID-19 pandemic.”

“WWBIC has been on the front economic development line since the health crisis began. These funds from the City of Milwaukee will truly support and advance the economic and financial healing of many micro and small businesses in Milwaukee. We are thrilled to serve here,” said Wendy K. Baumann, WWBIC President/CVO.

For additional information or questions about applying for the City of Milwaukee Building Resiliency Small Business Assistance Forgivable Loan Program, please contact Thalia Mendez at thalia.mendez@wwbic.com or (414) 395-4545.

 

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