Gov. Evers Says $420 Million To Be Dedicated To Small Business Grants

Wisconsin Gov. Tony Evers is starting to spell out details of the next federally-funded grants to small businesses in the state. This is money was recently approved by the Biden administration and Democrats in Congress in response to ongoing economic challenges related to the COVID-19 pandemic.

Evers said he`s directing up to $420 million from the American Rescue Plan go into what he`s calling the Wisconsin Tomorrow Small Business Recovery Grant Program.

Firms with annual gross revenue between $10,000 and $7 million will be eligible for $5,000 apiece. The state says about 84,0000 firms may potentially qualify.

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Ken Notes: I think the extra zero is a typo so 84K x 5K is where the 420 Million comes from. My question is how do we pay for this in the long run? At some point all this money spent on stimulus becomes a payable and the debtor is us. Just a thought...