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 firstname.lastname@example.org or 414-395-4545.
Making An Impact: WWBIC’s Virtual Meeting at the State Capitol
Thank you, Sponsors!
WWBIC COVID-19 Update
UPDATE: As of March 23, all WWBIC offices have been closed.
- April 8 – Start, Run & Grow Your Business
- April 14 – Introduction to Business Planning
- April 22 – Projections & Cashflow
- May 7 – Introduction to Kiva Borrowing
WWBIC Greater Milwaukee/Waukesha: 414-263-5450
WWBIC Madison: 608-257-5450
WWBIC Racine: 262-898-5000
WWBIC Kenosha: 262-925-2850
WWBIC Appleton: 920-944-2700
WWBIC Green Bay Hub: 920-496-2110
WWBIC La Crosse: 608-632-8041
Wisconsin CDFIs Gather for CDFI Day
Wisconsin’s Community Development Financial Institutions (CDFIs) gathered in Madison on Tuesday, April 16 for the third Annual CDFI Day at the Capitol. Certified by the US Department of the Treasury, these 22 organizations are charged with lending in under-served markets, and as such bring value to the areas they serve. Loan products can include business financing, home ownership and home rehabilitation, consumer financing (auto, credit builder) as well as community economic development financing for the development of affordable housing and community facilities. CDFIs often partner with conventional lenders. From 2005 to 2017, these organization have lent over $2 billion, often to low- to moderate income households, people who face barriers to financing and to people of color, as well as to nonprofit organizations and affordable housing developers.
CDFI Day at the Capitol is designed to raise awareness of the value CDFIs bring to Wisconsin for partners, legislators and more. Events for the day included a private briefing with staff from the Governor’s office, followed by a news conference at 1:30 lead by Wendy Baumann and Mary Patoka. At 2 PM, CDFIs met with key legislative staff to understand how they can work with elected officials.
At 3 PM, two CDFI loan clients spoke on the impact of CDFI lending, including Ed Lee of the Urban League of Greater Madison and its homeownership program and Stephanie Sarr, co-owner of Savanna Beauty Supply.
The day will closed with a reception at the Premier Park Hotel from 4:30-6:00 pm, recognizing supporters of CDFIs in Wisconsin. Guests in attendance included Senator Alberta Darling, Rep. Katrina Shankland; Matt Feldman, President of the Federal Home Loan Bank of Chicago; Wyman Winston, former WHEDA ED and Kelly Ryan, Executive Director of Incourage Foundation based in Wisconsin Rapids.
WWBIC Attends WI Women in CDFIs Event
On March 25th, WWBIC attended the quarterly meeting of Wisconsin Women in CDFIs, hosted in Madison at the Wisconsin State Capitol. Four guest speakers spoke on the topic “What does the Wisconsin economic climate hold for us in the next year?”. The speakers included:
- Rose Oswald Poels, President/CEO of Wisconsin Bankers Association
- Sarah Godlewski, Wisconsin State Treasurer
- Representative Katrina Shankland, State Representative for the 71st Assembly District of Wisconsin (Portage County)
- Kathy Blumenfeld, Secretary of the Wisconsin Department of Financial Institutions