GREEN BAY, WI (WTAQ) — The Wisconsin Economic Development Corporation has given over a million dollars in grant funding to two area groups in order to help diverse businesses.
Green Bay’s On Broadway and NewCap are getting the money as part of the state’s American Rescue Plan Act funding. On Broadway’s Brian Johnson says the money will ultimately be distributed as micro-grants to minority owned businesses in the area.
“It’s a diverse business assistance grant, working with people in our area to help break down barriers,” said Johnson. “Some of the highest growth rates in entrepreneurship in this country are among African American women but we’re also seeing a higher failure rate among minority owned businesses, so a lot of this funding will aim to close that gap.”
The money has yet to be allocated further.
On Broadway is getting over $985 thousand, NewCap is getting over $331 thousand as part of the distribution.
Secretary Missy Hughes was in Green Bay Wednesday to announce the funding.
