The Wisconsin Women’s Business Initiative Corporation (WWBIC) is one of 39 community-based organizations to be awarded funds through the SBA’s Program for Investment in Micro-Entrepreneurs (PRIME). These organizations help low-income entrepreneurs gain access to capital to establish and expand their small businesses.
WWBIC will receive $149,000 to support its program “Job Creation through Enhancing Opportunities for Low-Income Entrepreneurs,” and will provide training and technical assistance to disadvantaged small business owners in Milwaukee and Racine.
This year’s 39 recipients come from 16 states, Puerto Rico, and the District of Columbia. The grants range from $35,000 to $200,000 and typically require at least 50% in matching funds or in-kind contributions. In total, 104 organizations applied for PRIME awards.
