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Pandemic Relief for Small Businesses in Wisconsin

Posted By Kaylyn Zielinski, Wednesday, June 10, 2020

Receiving $2,500 has never been so easy! The IIAW can help! 

 

Funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, WEDC’s We’re All In Small Business Grant aims to assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory. Grants in the amount of $2,500 will be distributed on a fist come first serve basis to the first 30,000 Wisconsin small businesses that are approved. The online grant application will be accessible for one week from 8 a.m. Monday, June 15, through 11:59 p.m. Sunday, June 21.Just follow the simple 4 step process below to get started. These instructions are also attached to this email.

 

For more information on WEDC’s We’re ALL in Small Business Grant, click  HERE!

 

STEP 1: DETERMINE ELGIBILITY

 

To be eligible for the We’re All In Small Business Grant, applicants  must meet the following criteria:

  • The business is Wisconsin-based and for profit;
  • The business employs 20 or fewer full-time equivalent (FTE) employees, including the owner;
  • The business has greater than $0 but less than $1 million in annual revenues (gross sales and receipts); and
  • The business started operating prior to Jan. 1, 2020, and was operating in February, 2020.

 

STEP 2: PREPARE

 

Applicants are encouraged to prepare for the one-week application period by gathering the required documents:

 

· 2018 or 2019 federal tax return for business (If you started your business in 2020, you are not eligible for this grant). 

· Signed W-9 and dated form available at www.irs.gov/pub/irs-pdf/fw9.pdf

· A letter (from IIAW) indicating your business was in operation in February 2020. 

 

According to WEDC, the IIAW is listed as a qualified community organization who can provide you with a letter of acknowledgement that your agency was in business during the prescribed period. We have taken the liberty to prepare this letter in advance to assist you with your application. Attached to this email is the letter you can use to when submitting your application. If you require any assistance, please do not hesitate to contact me directly. It pays to be a member in the IIAW.

 

STEP 3: APPLY

 

The online grant application will be accessible for one week from 8 a.m. Monday, June 15, through 11:59 p.m. Sunday, June 21. A link to the application will be posted at wedc.org/WAI-Small-Business-Grant. Don’t forget to gather the necessary information listed above to apply.

 

STEP 4: PROVIDE GRANT INFORMATION FLYER TO QUALIFYING SMALL BUSINESS CLIENTS

 

Please don't hesitate to contact anyone at the IIAW if we can be of any additional assistance. It pays (literally) to be a member in the IIAW! See below for a flyer you can send to your qualifying small business clients to help them apply for the grant. Feel free to customize it by inserting your logo, or by contacting kaylyn@iiaw.com to add your logo to the document. 

Customer Grant Application

Click here to download the PDF. 

 

Tags:  COVID-19 funds  grant  insuring Wisconsin  pandemic relief  WEDC  wisconsin insurance agency help  wisconsin insurance blog 

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