Governor Evers just announced a $1M investment to support rural businesses across the state. How exactly does that work?
Here’s Five Fast Facts About the Rural Business Investment:
- 3️⃣Triple Team - The investment comes from a three-way partnership with UW Madison and the Wisconsin Economic Development Corporation.
- 💵Cash Infusion - The money can be used for training, technical support, legal and financial advice to rural businesses looking to start a business or help their existing business. The argument is that rural businesses need all the help they can get.
- 📈Turnaround - This comes on the heels of the end of a 44-year downturn for rural business startups, as well as record-low unemployment. Wonder if one has anything to do with the other…
- 🏠Lots of Help - This is just the latest in a long line of investments Evers has made with WEDC in order to boost small- and medium-sized businesses across the state, including the Main Street Bounce Back program. They’re probably using the “If you put enough bullets in the sky” approach.
- 💻Your Turn - Interested business owners can find full information here.
🔥Bottom line: We’ve said it before: your location on the political spectrum will see this as an election-year stunt or a genuine investment in the community. And again, the reality is that it’s a bit of both. Creating successful businesses (and more jobs) is great, but the bubble is going to burst eventually because there won’t be anyone left in rural Wisconsin to hire.
What do you think of the grants?
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