New Grant Helps Nonprofits Help Various Businesses

Ally Grants offers nonprofits a chance to build sustainability and improve services

MADISON, WI. OCT. 19, 2022 – A new grant program from the Wisconsin Economic Development Corporation (WEDC) aims to help nonprofit organizations working to support various businesses across Wisconsin.

Allied Grants are designed to support nonprofit organizations working on business support and development with underrepresented entrepreneurs and business owners, including women, veterans, people of color, people with disabilities and members of the LGBTQ community.

“Entrepreneurs and innovators in Wisconsin need access to a wide variety of resources and support to grow their businesses,” said Missy Hughes, secretary and CEO of WEDC, the state’s premier economic development organization. “Some communities have never had equal access to these resources. Wisconsin nonprofits are working to expand that access, and these grants are one way to support that effort.

WEDC plans to award $225,000 in competitive grants to at least nine nonprofit organizations working in diverse business development this fiscal year. Eligible applicants may not have received prior funding from WEDC.

Grant applications will be accepted until December 15.

Nonprofit organizations must be able to demonstrate how the grant will allow the group to establish operational stability to continue and grow its support of various businesses. Only non-profit organizations are eligible. Grants will not be awarded to individuals.

You can find more information on the grants and how to apply on the Ally Grant Page.

WEDC has served various business organizations since its inception in 2011, investing more than $10 million in statewide groups working to improve access to financing and resources for various businesses.

While other WEDC grants and programs are available to support the development of various businesses, WEDC adds the Ally Grant to provide growing funding for nonprofit organizations to build sustainability and improve their operations.