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PROGRAM GOAL: The goal of the Wisconsin Tomorrow Main Street Bounceback Grant (DBA Brick and Mortar Bounceback) Program is 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 program will provide grants to approved entities with the capacity to deploy rapid response grants to businesses opening locations in vacant commercial spaces. The grants are to assist the business with costs associated with leases, mortgages, operational expenses and other business costs related to the newly opened location. Grants to businesses provide immediate recovery funding from the American Recovery Plan Act (ARPA) and lead to improved odds of a business opening or expanding and remaining open long-term. WEDC will contract with approved entities to distribute and administer these grants in their respective geographic areas of the state.
PROGRAM ELIGIBILITY: Main Street Bounceback Grants are available to for-profit businesses and non-profit organizations meeting the following criteria:
Must be located in a region where approved entity has received an allocation
Must certify that the business has not vacated and 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
Governmental units (except for tribal enterprises/corporations)
A home-based business, 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, as opposed to otherwise eligible small business concerns for the purpose of occupying the real estate being acquired
Engaged in any illegal activity under federal, state or local law
Or if they intend to use the space for:
Storage only
Residential purposes and lessors of residential units/property (landlords) unless the business unit of the lessor is moving into a vacant commercial space to support functions of the business
I’M INTERESTED. WHAT’S THE NEXT STEP? CLICK HERE!
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