East Central has partnered with the Wisconsin Economic Development Corporation (WEDC) to distribute and administer a Disaster Recovery Microloan (DRM) program. The program will provide grants to pre-approved regional entities with the capacity to deploy rapid response microloans to businesses affected by disasters, either natural or manmade. The microloans are to assist the business with necessary restoration and operating expenses until more long-term recovery funding can be secured. Providing immediate recovery funding in this manner is a best practice in community economic disaster recovery and leads to improved odds of a business reopening and remaining open long-term. WEDC will contract with regional entities to distribute and administer these loans in their respective geographic areas of the state, as applicable.
DRM program funds, up to $15,000 per business, may be used for the following activities:
To learn more about this program please contact Tom Baron at 920-751-4770 or email@example.com. WEDC information can be found at https://wedc.org/programs-and-resources/disaster-recovery-microloan/