The Wisconsin Economic Development Corporation (WEDC) is seeking applications for its Ally Grant pilot initiative to foster the development of new and/or emerging diverse-based nonprofit organizations that support diverse business communities, with a specific focus on organizations WEDC has not previously funded.
Donor Name: Wisconsin Economic Development Corporation’s (WEDC’s)
State: Wisconsin
County: All Counties
Type of Grant: Grant
Deadline: 12/15/2022
Size of the Grant: $225,000
Details:
WEDC’s Diverse Business Development Program is designed to promote inclusivity in Wisconsin’s economy by supporting existing, new and expanding businesses owned by minorities, women, LGBTQ individuals, veterans and people with disabilities.
The program is designed to support minority, women, LGBT, and veteran business development through direct assistance to nonprofit organizations in Wisconsin. The funding is intended to promote investment and job retention and creation in diverse communities and underserved markets by increasing access to capital and business development training opportunities.
Funding Information
WEDC will fund up to nine organizations, with a total of $225,000 in funding available during fiscal year 2023.
Eligibility Requirements
Eligible nonprofit grant applicants are organizations that provide business financing, training or technical assistance to the diverse business community. The recipient must demonstrate professional capacity, financial stability and viability, and a demonstrated need. The incentives in this program are grants to eligible nonprofit entities to provide technical assistance, training, and/or micro-loans to minority, women, LGBT, and veteran owned businesses.
Review Criteria
Applications for this pilot program must be diverse-based nonprofits that have not received prior WEDC funding. WEDC will evaluate applications based on demonstration of plans to develop and grow organizational competencies, strategies, systems and/or structures to improve stability and build sustainability of the organization.
For more information, visit Ally Grant.