U.S. Small Business Administration (SBA) announces closure of the Restaurant Revitalization Fund
The U.S. Small Business Administration (SBA) is announcing the closure of the Restaurant Revitalization Fund. Through the American Rescue Plan Act, the SBA launched the Restaurant Revitalization Fund to provide funding to help restaurants and other eligible businesses keep their doors open. SBA received over 370,000 applications from restaurant owners across the United States. The…
Income tax cut in the works
Wisconsin tax revenues outpaced projections by $4.4 billion in the last quarter of 2021. This unprecedented good news helped to frame the state budget when the Joint Committee on Finance approved the two year spending proposal with a $3.4 billion tax cut. Under the proposal, income taxes would be cut by $2.75 billion, property taxes…
Provision would eliminate local personal property tax
Republicans on the Joint Committee on Finance included a provision in the state budget to eliminate the local personal property tax. State Representative Dan Knodl (R-Germantown) had introduced legislation this year to provide tax relief to main street businesses with the repeal of this onerous local tax. The Committee included his bill in the state…
How to check the status of your Small Business Recovery Grant application
An important update for those who applied for the Small Business Administration Recovery Grants, the application window is now closed. For those of you who have applied and have questions, there are a couple of places where you may find answers. Start by calling the SBA call center at 844-279-8898. You may also find answers…
Wisconsin Tavern League Foundation gave over $10 million to 25,000 charities in 2020
Charitable giving has long been a mainstay of American culture and trade associations have long been champions of giving back to others. The Tavern League of Wisconsin (TLW), however, is a particularly generous bunch. The association provides its members with an opportunity to help others – a chance to change the world – by giving…
Apply for Wisconsin Tomorrow Small Business Recovery Grants through June 7
The application window for the Wisconsin Tomorrow Small Business Recovery Grants runs through June 7. The program will award $420 million to small businesses impacted by the COVID-19 pandemic and is intended to support businesses who are hardest hit by the pandemic and are key to Wisconsin making a strong recovery. The program is administered…
Marklein and Vos introduce workforce recovery legislation
As the United States comes out of the pandemic, the economy has picked up steam and the hospitality industry is leading the charge to hire new workers and get back to pre-pandemic employment numbers. With over 40% of Wisconsinites vaccinated, we are beginning to see long-anticipated increases in business. The major problem facing most businesses…
TLW partners with Hogs For Heroes to purchase bike for Wisconsin Dells veteran
May 23, 2021, Marine Sergeant Rick Erickson, of Wisconsin Dells becomes the 18th Wisconsin veteran to receive a Harley-Davidson motorcycle as part of the Hogs for Heroes program. And for the first time, the Tavern League of Wisconsin has stepped up and raised funds to fully pay for the bike. Hogs For Heroes started in…
May is Tavern Month: Celebrating the social and economic impact of Wisconsin’s bars, taverns and restaurants
The Tavern League of Wisconsin (TLW), along with its 5,000 members, is proud to recognize May as National Tavern Month. The special Tavern Month designation has been an annual tradition since 1953 and provides an opportunity to create awareness about the history, charitable giving, and economic impact of the TLW and its members across the…
Apply for Restaurant Revitalization Funds beginning May 3
The U.S. Small Business Administration (SBA) announced that it would begin accepting applicationson Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. As part of the American Rescue Plan, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds…