WEDC grows grant program to aid minority businesses in Wisconsin

$585,000 in grants awarded to state organizations

By allocating $585,000 for grants, the Wisconsin Economic Development Corporation continued its efforts to provide financial assistance for minority-owned businesses, Gov. Scott Walker announced in a statement Wednesday.

WEDC spokesperson Mark Maley said the grants are directed to several areas. Grants from the WEDC Minority Business Development Program will go to five organizations, The Business Council and Wisconsin Chambers of Commerce for Africans, American Indians, Hispanics and Hmongs.

These organizations can use the funds to help startup minority businesses obtain loans and disperse money to get businesses started...

   ...more

Ken Notes: Sort a mixed opinion here, I like the idea of some financial assistance for minority-owned businesses, but I would rather focus on job creation. In the end it should be the same thing. I just feel we are not sending the right message to successful companies in the State. When leading discussions on the topic I am always asked if I would provide tax credits to "an EPIC". My answer is yes and while they may in fact "not need it" they have demonstrated the ability to create the very jobs we are looking for.