Diverse Business Investment Grant Program

As of 2:00PM CT, January 21st, 2022, the Diverse Business Investment​​Grant is no longer accepting applications in accordance with the application deadline posted in the Program Grant Announcement.

The purpose of the Diverse Business Investment Program is to provide funding to Community Development Financial Institutions to support grants and forgivable loans to small businesses in qualified census tracts or areas disproportionately impacted by the COVID-19 pandemic. The State intends to award up to $42,158,312 ​in grants through this Program. Funding for this assistance is provided to Wisconsin by the Federal American Rescue Plan Act of 2021.

For more information regarding the Diverse Business Investment Program please visit the links below. 

Program Information

  • Press Release​ - October 5, 2021
  • Grant Announcement​ - Document Updated 12-23-2021
    • The Grant Announcement contains program details, eligibility requirements, and application selection and award processes.

Award Materials



  • Eligible Expense Incurred Period March 3, 2021 through December 31, 2024
  • Grant Announcement Issue Date Monday, November 29, 2021
  • Application Form Live Monday, November 29, 2021
  • Pre-Award Webinar Friday, December 10​, 2021 at 1:15​ PM CT
  • Questions Due Monday, December 13, 2021 at 2:00 PM CT
  • Applications Due Friday, January 21, 2022 at 2:00 PM CT
  • Notification of Award Issue Date March 21, 2022
  • Post-Award Webinar Wednesday, August 24, 2022 at 1:00 PM CT
  • Grant Agreement Execution Summer 2022​
  • Final Report See section 1.8 of Grant Announcement



Please review all available d​ocumentation on this page prior to contacting the program.