Grants targeted toward local organizations
The Wisconsin Economic Development Corporation is launching a new grant program aimed at funding new ideas to promote entrepreneurship in the state.
The competitive $500,000 program will award grants between $10,000 and $100,000 to programs that promote entrepreneurship, entrepreneurial education, mentorship, training, business development and financial services.
In particular, the grant program is intended to fill gaps in potential funding for programs that may not be covered by WEDC’s other programs, said Aaron Hagar, WEDC vice president of entrepreneurship and innovation.
“Those gaps are small, but they do exist,” Hagar said.
He said work on the grant program started about six months ago and it isn’t in response to the latest Ewing Marion Kauffman Foundation report showing low startup activity in the state.