Dear WH&LA Lodging Member:
Funded by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, the We’re All In Small Business Grant Program will provide $2,500 grants to 30,000 Wisconsin small businesses to assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory.
To be eligible, businesses must:
· Be a Wisconsin-based, for-profit business;
· Employ 20 or fewer full-time equivalent (FTE) employees, including the owner; (Seasonal businesses should use the highest total FTEs employed during the season.)
· Earn greater than $0 but less than $1 million in annual revenues (gross sales and receipts); and
· Have started operating prior to Jan. 1, 2020, and have been in business as of Feb. 2020. (Seasonal businesses should use the highest total FTEs employed during the season.)
Prior to applying for the grant, it is suggested that you gather all of the required materials:
- 2018 or 2019 federal tax return for business (If you started your business in 2020, you are not eligible for this grant). Applicable tax returns are:
- IRS form 1065 Partnership Return (no K-1s required)
- IRS form 1120 Corporation Return (no schedules required)
- IRS form 1120S S Corporation Return (no K-1s required)
- IRS form 1040 (sole proprietors), first two pages, and the following:
- Schedule C, Profit and Loss from Business
- Signed W-9 and dated form available at www.irs.gov/pub/irs-pdf/fw9.pdf
- A letter or email of acknowledgement from a community organization indicating your business was in operation in February 2020. The letter or email can be from any of the following:
- Trade Association (WH&LA is happy to provide this for members upon request. Please contact monica@wisconsinlodging.org to submit your request)
- Chamber of commerce
- Main Street or Connect Communities organization
- Local business improvement district
- Neighborhood economic development association
- Local economic development organization
- County economic development organization
- Municipality, including tribal government
- County
- Local bank, credit union or community development financial institution
- Regional UW Small Business Development Center
- U.S. Export Assistance Center – Wisconsin
- Regional economic development organization
- Regional Planning Commission
- You may need the three-digit North American Industry Classification System (NAICS) code that best fits your business. This information may be included in a business’s tax return, or through the NAICS website: www.naics.com/naics-code-description.
Kind regards,
Bill Elliott, CAE
President & CEO
