WEDC’S "We're All In" Grant for Small Businesses Opens June 15th
WEDC’s We’re All In Small Business Grant is designed to help these small businesses get back on their feet while also encouraging adoption of best practices to keep employees, customers and communities safe.
Small businesses should prepare now for “We’re All In” Grant opportunity and applications will be accepted starting 8 a.m. Monday, June 15, through 11:59 p.m. Sunday, June 21.
HOW IT WORKS:
Funded by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, the We’re All In Small Business Grant Program will provide $2,500 to 30,000 Wisconsin small businesses to assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory.
ELIGIBILITY REQUIREMENTS:
To be eligible, businesses must:
- Be a Wisconsin-based, for-profit business;
- Employ 20 or fewer full-time equivalent (FTE) employees, including the owner;
- Earn greater than $0 but less than $1 million in annual revenues (gross sales and receipts);and
- Have started operating prior to Jan. 1, 2020, and have been in business as of Feb. 2020. (Seasonal businesses should use the highest total FTEs employed during the season.)
BE PREPARED:
Applicants are encouraged to prepare for the one-week application period by gathering required documents:
1. 2018 or 2019 federal tax return for business (If you started your business in 2020, you are not eligible for this grant).
Applicable tax returns are:
- IRS form 1065 Partnership Return (no K-1s required)
- IRS form 1120 Corporation Return (no schedules required)
- IRS form 1120S S Corporation Return (no K-1s required)
- IRS form 1040 (sole proprietors) and the Schedule C (Profit and Loss from Business)
2. Signed W-9 form available at www.irs.gov/pub/irs-pdf/fw9.pdf
3. A letter or email of acknowledgement from a community organization indicating your business was in operation in February 2020.
The City of Waupun will help small businesses with a letter of support. Please contact Kathy Schlieve to request this document.
HAVE QUESTIONS?
If you have questions regarding the We’re All In Small Business Grant, please review this page of frequently asked questions. Or, contact Kathy Schlieve for individualized support.