In Coon Valley, Walker announces financial assistance for flood victims
Gov. Scott Walker on Friday announced two new programs to help people and businesses recover from flooding.
Walker was in Coon Valley Friday morning to announce financial aid programs from the state.
The Wisconsin Housing and Economic Development Authority is launching a new $2 million program that will provide no-interest loans of up to $10,000 for repairing homes.
The Wisconsin Economic Development Corporation, meanwhile, is launching a $2 million loan program to help small businesses recover.
WEDC will award grants to regional entities that will provide no-interest loans of up to $15,000 for businesses to make repairs and cover operating expenses.
Businesses may also be able to secure forgivable loans of up to $15,000.
More than 4,300 homes and 140 businesses in 21 counties suffered over $150 million in damage, according to the Wisconsin Emergency Management’s preliminary estimates.
Walker said the programs’ impacts should be noticeable in places like Coon Valley.
“Its not exclusively targeted just toward small towns but overwhelmingly the dollar amounts we’re talking will really help small businesses in small towns and homeowners in the communities affected,” Walker said.
Anyone interested in a WHEDA loan can call 1-800-562-5546. More information about the business loans is available at https://wedc.org/disasterrecovery .