Who is eligible to apply?

A business may apply if all the following criteria are met:

• The business started operating prior to January 1, 2020, operated in 2020, and suffered an economic loss as a result of the COVID-19 pandemic. An economic loss may be from lost revenue or increased expenses as a result of the pandemic.

• The business filed their 2019 federal and Wisconsin income or franchise tax return (certain exceptions apply for fiscal-year filers – see Question #14 below)

• The business has more than $0 and less than $1 million in annual revenues (gross receipts less returns and allowances) shown on their federal tax return, specifically:

  • Line 1c of 2019 Form 1065

  • Line 1c of 2019 Form 1120

  • Line 1c of 2019 Form 1120-S

  • Line 3 of 2019 Schedule C (Form 1040 or 1040-SR)

• The business had 1 to 50 full-time equivalent (FTE) employees in 2019. For purposes of determining eligibility for the We're All In Grant program, a sole proprietor and partner of a partnership who are actively engaged in the operation of the business, count as employees for this criteria. Seasonal businesses should use the highest total FTEs employed during the season. One full-time equivalent (FTE) is one or more employees working a total of 40 hours per week. For example, if you have two employees each working 20 hours per week, then you have one FTE.

• At least 75% of the business's value of real and tangible personal property owned or rented and used by the business in 2019 is located in Wisconsin. For this criteria, real and tangible personal property owned by the business is valued at its original cost, and real and tangible personal property rented by the business is valued at an amount equal to the annual rental paid by the business, less any annual rental received by the business from sub-rentals, multiplied by 8.

• At least 75% of the amount of the business's labor costs deducted in 2019 were paid to individuals for services performed in Wisconsin. For these criteria, labor costs include amounts paid to a professional employer organization or a professional employer group.

• The owner or business must not be on one of the following lists:

  • Wisconsin Department of Revenue Delinquent Taxpayer List

  • Wisconsin Department of Transportation Debarred Contractors List

  • Wisconsin Department of Administration Compliance Vendor Directory

  • Wisconsin Department of Corrections Sex Offender Registry

• The business must not be a governmental unit or primarily engaged in any of the following North American Industry Classification System (NAICS) codes beginning with:

  • 111XXX - Crop Production

  • 112XXX - Animal Production or Aquaculture

  • 5311XX - Lessors of Real Estate

  • 813XXX - Nonprofit Organizations

 

For more info: https://www.revenue.wi.gov/Pages/FAQS/SmallBusinessGrantProgram.aspx