Each packages funded by federal Coronavirus Assist, Reduction, and Financial Safety Act (CARES) Funds allotted in July
On Sept. 17 Milwaukee County Govt David Crowley introduced the launches of the Small Enterprise Initiative Grant program, to alleviate companies adversely affected as a consequence of COVID-19, and the Group Useful resource Navigator Employment program, to get Milwaukee County residents again to work.
“In the beginning of the COVID-19 pandemic, only a few of us anticipated to nonetheless be in such an intense battle in opposition to the illness six months later, however at this time we’re nonetheless working laborious to maintain Milwaukee County residents secure and supply financial aid for these attempting to maintain their heads above water,” Milwaukee County Govt David Crowley mentioned. “The aid packages we’re rolling out at this time couldn’t come at a greater time as gridlock continues to stall the second spherical of federal help. Now we have a chance to spend money on fairness by providing help to various small companies with out entry to giant money reserves or affordable enterprise loans. We all know that companies and employees that energy the financial system in Milwaukee County can’t wait – they need assistance now.”
The Small Enterprise Initiative Grant program is now open for enterprise house owners dealing with instant monetary emergencies as a consequence of COVID-19 to use. Awards can be made to certified companies; eligibility is predicated on correct and full submissions. Precedence can be given particularly to companies that embody a letter of assist from a member of the Ethnic & Various Enterprise Coalition, a gaggle of chambers of commerce supporting entrepreneurs of shade, ladies, LGBT and veteran-owned companies and different enterprises in traditionally under-served locations who don’t have entry to versatile, inexpensive capital. Grants can be made in quantities starting from $7,500 to $20,000. MEDC will use the funding to supply grants to companies dealing with instant monetary strain due to Covid-19.
“I’m completely happy to see that Milwaukee County is searching for space companies and prioritizing the restoration of Black owned companies as our group continues to navigate the pandemic, its aftermath, and the financial damage its causes so many enterprise house owners and their households,” mentioned Ossie Kendrix, president and CEO of the African-American Chamber of Commerce of Wisconsin. “A lot of our companies wish to different sources of help to see them by way of the remainder of the yr, so the Small Enterprise Initiative Grant Program can be a welcome addition of wanted assets.”
“It’s clear that Milwaukee County sees small companies and their employees as companions in preserving our group secure,” mentioned Marjorie Rucker, Chair of the Ethnic Various Enterprise Coalition. “Having companions that need to assist small companies by eliminating monetary pressures is useful for enterprise house owners attempting to maintain their companies sustainable whereas making health-conscious selections that don’t proliferate the unfold of COVID-19. It’s an indication that we’re all on this collectively relating to preserving our group secure and affluent.”
Milwaukee County additionally invested $3.5 million of aid funds within the Group Useful resource Navigator Employment Program – a partnership with Make use of Milwaukee and WRTP/BIG Step. The funds assist add 275 to 300 further employment alternatives and enhance the variety of placements in this system to roughly 200.
“We’re completely happy to have one other accomplice in Milwaukee County contributing to the success of the Group Useful resource Navigator program to coach, make use of, and deploy extra people throughout the town to assist mitigate the unfold of COVID-19 and direct their fellow residents to important assets,” mentioned Chytania Brown, President and CEO of Make use of Milwaukee.
Projections present that county monetary wants might attain $300 million as direct prices, misplaced income, re-opening prices, and repair wants proceed to extend. Presently, CARES funding gives a brief, stop-gap measure to deal with the instant wants of the county and its residents.
“I’m completely happy to assist present instant help to get folks again to work and preserve small companies afloat, however we all know that the demand for county companies will proceed to develop whereas our potential to pay for these companies plummets as we venture over $100 million in misplaced income for 2020 alone,” concluded Crowley. “I proceed to implore our state and federal companions to supply further direct and versatile funding to Milwaukee County and allow us to successfully reply to the challenges attributable to this pandemic,” concluded Crowley.