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WI SB806

WI SB806
Main street bounceback grants and making an appropriation. (FE)


summary

Introduced
01/02/2026
In Committee
01/02/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

This bill appropriates $25,000,000 in general purpose revenue in each year of the 2025-27 fiscal biennium for the Wisconsin Economic Development Corporation to award grants to provide assistance to businesses opening a new location or expanding operations in a vacant commercial space. WEDC already administered such a program, which was nonstatutory, with federal American Rescue Plan Act (ARPA) funding. Under the bill, WEDC must establish eligibility requirements and other policies and procedures for grants awarded under the bill that are substantially similar to the eligibility requirements and policies and procedures in effect on June 30, 2023, for the Wisconsin Tomorrow Main Street Bounceback Grant program administered by WEDC. Additionally, WEDC may not award a grant under the bill to a nonprofit organization. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

This bill appropriates $25,000,000 in general purpose revenue (GPR), which is state tax money, for each of the 2025-26 and 2026-27 fiscal years to the Wisconsin Economic Development Corporation (WEDC) to fund the Main Street Bounceback Grants program. This program provides financial assistance to businesses that are opening a new location or expanding their operations into an empty commercial space. The bill requires WEDC to set up rules for these grants that are very similar to the rules used for a previous program, the Wisconsin Tomorrow Main Street Bounceback Grant program, which was funded by federal American Rescue Plan Act (ARPA) money and ended on June 30, 2023. Importantly, this bill specifies that WEDC cannot give these new grants to nonprofit organizations.

Committee Categories

Business and Industry

Sponsors (35)

Last Action

Representative Sheehan added as a cosponsor (on 02/20/2026)

bill text


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