Dept. of Commerce: Gov. Doyle Announces Funding for Minority Business Project

Contact: Tony Hozeny, Department of Commerce, 608/267-9661

MADISON-Gov. Jim Doyle today announced Local Initiatives Support Corporation (LISC), Milwaukee, Milwaukee County received a $75,000 grant from the Minority Business Development Fund (MBDF). The award was approved during a MBDF Board meeting held March 14 in Madison.

“My Grow Wisconsin initiative calls for promoting the development of minority businesses across our state,” Gov. Doyle said. “This funding will help a Milwaukee firm provide technical assistance to minority-owned businesses — helping them turn their good ideas into viable businesses.”

Founded in 1979, LISC helps nonprofit community development corporations improve economic opportunities in distressed neighborhoods. It will provide specialized technical assistance to minority businesses in four commercial districts over the next three years. The total project cost is $492,500.

For further information about Commerce programs and services for minority-owned businesses, contact Ruby Brooks, Department of Commerce, at 414/224- or 608/266-8380.