Wisconsin Gov. Tony Evers announced that businesses that suffered damage in Kenosha over the last week will be eligible for up to $20,000 in no-interest loans to help cover repair costs in a statement today.
The loans will be offered by the Wisconsin Economic Development Corporation’s “Disaster Recovery Microloan Program.” The organization has allocated up to $1 million in funding for the effort, according to the statement.
“These funds will provide immediate aid to the businesses that suffered losses over the past week and serve as a first step toward rebuilding and healing the divisions that have caused so much fear, pain, and devastation,” Evers said in the statement.
“We are prepared to be right there with them every step of the way as we rebuild the physical damage and address the critical issues of equity and justice in our communities and state,” Evers added.
Businesses will be able to use the money for cleanup and restoration services, operating expenses, temporary space, payroll, and repair and reconstruction work, the statement explained.
The Kenosha Area Business Alliance will administer the loans and field applications from impacted businesses, the statement said.