Gov. Tony Evers, together with Wisconsin Economic Development Corporation (WEDC) Secretary and CEO Missy Hughes, today announced more than 6,600 small businesses and nonprofits have been approved for Main Street Bounceback Grants to fill empty storefronts in all 72 counties throughout Wisconsin. The Main Street Bounceback Grant Program was first announced in April 2021. In May, Gov. Evers announced an additional $25 million investment to support the program due to greater-than-expected demand, and in September, the governor again announced an additional $25 million investment in the program, bringing his total investment to $100 million to help a total of 10,000 small businesses and nonprofits.
“Our investments to support thousands of small businesses across all 72 counties of Wisconsin have helped transform local Main Streets and even entire communities in every corner of our state,” said Gov. Evers. “I’ve been especially grateful to each of the small business owners who’ve welcomed me to their businesses to see firsthand the positive impact these investments are having on them and the greater community, and I look forward to continuing our work to support local businesses and Main Streets across our state.”
A recent analysis of state allocations under the American Rescue Plan Act showed that, as a share of federal aid received by states, Wisconsin is the top state in the country for aid directed to overall economic development and the top state in the country in aid directed to assist businesses. These investments have helped ensure the state’s successful recovery, including an unemployment rate that continues to stay below the national average, increased exports of Wisconsin goods, new business openings, and attraction of new businesses from other states and expansions of existing ones.