Today, the Evers Administration opened the application period for two programs totaling $75 million targeted toward supporting diverse businesses and communities disproportionately affected by the pandemic.
Gov. Evers previously announced he was directing federal funds to make the $75 million investment in October. The $37.5 million Diverse Business Assistance Grant Program will provide support to ethnic and diverse chambers of commerce and other collaboratives that provide technical assistance and services to businesses that have historically been denied access to capital and are owned by members of communities disproportionately affected by the coronavirus pandemic.
The Diverse Business Investment Grant Program will provide an additional $37.5 million to community development financial institutions (CDFIs), for grants to small and micro-businesses that are owned by members of communities that were historically denied access to capital and those that were disproportionately impacted by the pandemic.