Businesses may receive up to $50,000 for clean-up, restoration, and repair costs
Gov. Tony Evers today, together with the Wisconsin Economic Development Corporation (WEDC), announced a total of $4 million in no-interest microloans to small businesses damaged during the recent civil unrest in Kenosha. Today’s announcement comes after Gov. Evers and WEDC Secretary and CEO Missy Hughes visited Kenosha September 10th and met with business owners who said they are facing unprecedented costs to rebuild.
“We know Kenoshans are working to reconstruct and repair in the wake of devastation, and we want to do everything we can to support the Kenosha Comeback,” said Gov. Evers. “I have seen firsthand the resilience of this community, and we are going to do everything we can to be there as they work to rebuild and move forward together. I am grateful for the good work of the WEDC and Kenosha-area legislators, especially Rep. Tod Ohnstad, for helping to make this happen.”
Earlier this month, Gov. Evers and the WEDC announced Kenosha small business owners who suffered losses would be eligible for $1 million in Disaster Relief Microloan (DRM) program funds from WEDC. Today’s announcement raises that figure by an additional $3 million for a total of $4 million and increases the maximum loan available to each business from $20,000 to $50,000.
Read more at wedc.org. Image by the Kenosha News.