Main Street Bounceback Grant Program

The Wisconsin Tomorrow Main Street Bounceback Grant Program works to provide one-time assistance to new and existing businesses opening a new location or expanding operations in a vacant commercial space.

 

Program description:

The Main Street Bounceback Grants program provides $10,000 to new or existing businesses and non-profit organizations moving into vacant commercial properties in Wisconsin. Funds can be used to pay leases or mortgages, operational expenses and other business costs related to the newly opened location as of January 1, 2021. West Central Wisconsin Regional Planning Commission (WCWRPC) has entered into an agreement with the WEDC to deploy the grants in West Central Wisconsin defined as the counties of Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix.

 

Program Eligibility:

Main Street Bounceback Grants are available to for-profit businesses and non-profit organizations meeting the following criteria:

  • The business is located within West Central Wisconsin

  • The business either is moving into a vacant commercial space or has moved into a vacant commercial space as of January 1, 2021

  • To be eligible the vacant commercial space needs to be over 400 sq ft.

  • The business can certify that is has not or will not vacate a commercial space in Wisconsin to become eligible to claim this grant

  • Businesses are ineligible to apply for the grants if they are:

  • Part of a national or regional chain, unless the business is an independently owned and operated franchise

  • A home-based business or property landlord, unless they are moving their business functions into the vacant commercial space

  • Real estate investment firms that intend to hold the property for investment purposes only

  • Engaged in any illegal activity under federal, state or local law

 

Please note:

  • Sublease business arrangements are not eligible.

  • To be eligible for an award, the business must be occupying and operating the business out of the leased or purchased space.

  • Given the high demand for the program in West Central Wisconsin, grant awards are limited to new or expanding businesses with owner(s) other than those who have previously received an award. This way, we can assist as many businesses and business owners as possible.

Or if they intend to use the space for:

  • Storage only

  • Residential purposes

To Apply:

 

Submit a complete, signed application along with the items listed in Section III (Attachments) via email to:

 

Susan Badtke: sbadtke@wcwrpc.org

BUSINESS FINANCIAL ASSISTANCE PROGRAMS

Eau Claire County American Rescue Plan Act (ARPA) Recovery Assistance Grant Program

Eau Claire County is utilizing a portion of its American Rescue Plan Act (ARPA) funds to provide grants to small businesses and nonprofits to assist with pandemic relief and recovery efforts through two program components. The application, program summaries, and frequently asked questions can be found at https://www.co.eau-claire.wi.us/our-government/about-the-county/american-rescue-plan.

City of Eau Claire EDA CARES Act Revolving Loan Fund

https://www.eauclairedevelopment.com/

The City of Eau Claire was awarded funds through the EDA to establish a CARES Act Recovery Assistance Revolving Loan Fund. The program is only available to businesses located within the Eau Claire city limits. The RLF will provide 0% interest loans to businesses that were operating successfully prior to the COVID-19 outbreak. For more information, visit

SBA Shuttered Venue Operators Grant Program

https://www.svograntportal.sba.gov/s/

The Shuttered Venue Operators Grant (SVOG) program was established through the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and amended by the American Rescue Plan Act to provide over $16 billion in economic relief to target industries. The SVOG application portal will reopen on April 24, 2021 at 11:30 a.m.

SBA Economic Injury Disaster Loan Assistance (EIDL)
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans

In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19). Effective April 22, the SBA modified the Targeted EIDL Advance application process to determine if businesses also qualify for the additional $5,000 Supplemental Targeted Advance. For details about the Targeted EIDL Advance and Supplemental Targeted Advance program, please visit SBA.gov/eidl

SBA Debt Relief Program
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief
Under this program the SBA will assist with principal and interest payments for SBA 7(a) loans issued prior to September 27, 2020.

 

SBA Express Bridge Loan Program
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans
This program allows small businesses who currently have a business relationship with an SBA Express Lender to access financing quickly.  These loans can provide economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bring the gap while applying for an SBA EIDL loan.

GUIDANCE FOR NON-ENTITLEMENT UNITS OF LOCAL GOVERNMENT (NEUs)

https://home.treasury.gov/system/files/136/NEU_Checklist_for_Requesting_Initial_Payment.pdf.

The U.S. Department of the Treasury (Treasury) has issued additional guidance to assist states with their distribution of funds to non-entitlement units of local government (NEUs), which are local governments typically serving a population under 50,000.  Treasury has prepared a Non-entitlement Unit of Local Government Checklist for Requesting Initial Payment to help guide NEUs through the process. We will continue to watch for and share future guidance from the State of Wisconsin on the process for NEUs to request their allocation of funding from the state. 

 

NON-GOVERNMENTAL FINANCIAL ASSISTANCE RESOURCES

(Note: this list is not exhaustive of all potential non-governmental assistance programs.)

TECHNICAL ASSISTANCE