It is our goal for the Random Lake Area Chamber of Commerce to be a resource to our local businesses as we continue to work through these challenging times. As information is shared and becomes available, we will keep you up to date as best as we can. We encourage you to also Follow Us on Facebook to receive updates there as well.
Wisconsin Tomorrow Small Business Recovery Grant
The Wisconsin Tomorrow Small Business Recovery Grant program will award $420 million to small businesses impacted by the COVID-19 pandemic through a collaboration between the Wisconsin Economic Development Corporation (WEDC) and the Department of Revenue (DOR). The new grants, which will be funded by the American Rescue Plan Act (ARPA), are intended to support those businesses who were hardest hit by the pandemic and are key to Wisconsin making a strong recovery.
Preliminary plans by WEDC and DOR call for targeting the program at Wisconsin small businesses, including those that started in 2020. Details of the new grants will not be finalized until federal rules for ARPA funds are in place.
CLICK HERE for more information on when and how to apply!
Restaurant Revitalization Fund (RRF) Information
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Eligible entities who have experienced pandemic-related revenue loss include:
- Food stands, food trucks, food carts
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars
- Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
- Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
- Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
- Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
- Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
- Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
For more information on program details, application documents, how the funds can be used, and more, visit SBA.gov.