Last Updated on August 7, 2022 by Danielle McDonald
The federal government allocates the majority of the budget of more than $19,219.00 million dollars in grants and additional $9,556.00 million dollars of funding sources from local governments annually into the business sector since small businesses and large corporations are the backbone of Wisconsin’s economic growth. The state of Wisconsin has 111,758 business establishments, and these are broken down into the following:
Wisconsin Business Sector Breakdown by Size
- 62,000 registered businesses in Wisconsin have 0 to 4 employees. This breakdown includes those who work from home and have sole proprietorship.
- 19,717 registered businesses in Wisconsin have 5 to 9 employees.
- 13,309 registered businesses in Wisconsin have 10-19 employees.
- 11,666 registered businesses in Wisconsin have 20-99 employees.
- 2,655 registered businesses in Wisconsin have 100 to 499 employees.
- Over 2,411 registered businesses in Wisconsin have over 500 employees.
Wisconsin Business Sector Breakdown in Service Industries
- 11,322 registered businesses in Wisconsin are in the Professional, Scientific and Technical Services sector.
- 6,960 registered businesses in Wisconsin are part of the Administrative, Support, Waste Management, and Remediation Services sector.
- 14,251 registered businesses in Wisconsin belong in the Accommodation and Food Services sector.
- More than 15,023 registered businesses in Wisconsin are also service orientated businesses but are not categorized to the above sectors.
You may also be eligible to apply for grants for small businesses if you work in the agriculture industry. The state of Wisconsin has more than 78,000 farms.
Small Businesses in Wisconsin
It is difficult to start and manage a small business in Wisconsin. More than $89,374,061,000.00 US dollars is spent on employee salaries/payroll alone in the state, and every year, over 30,036 businesses go bankrupt. The federal government doesn’t provide grants publicly for expanding or starting a business. However, some small business grants can be given in Wisconsin to help business owners start or grow their ventures. Moreover, grant recipients don’t have to repay the government funding. So, it is worth looking into small business grants to help fund your business.
Contact Wisconsin financial aid agencies to apply for business grants.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: