St. Croix Valley Innovation Grants

The St. Croix Valley Business Innovation Center (SCVBIC) in River Falls has awarded a second and final round of micro-grants supported by the Wisconsin Economic Development Corporation (WEDC) to help area businesses grow. 

During this final round, SCVBIC awarded $55,000 to 12 businesses to help with critical growth expenses.  

The micro-grants are supported by $100,000 from the WEDC, provided to support businesses in St. Croix, Pierce and Polk counties.

Awarded along with the grants was a matching $100,000 worth of in-kind volunteer hours, with the bulk of the hours coming from the Committee’s volunteer judges.

The funding is part of more than $1.6 million provided by WEDC to 14 Wisconsin organizations assisting entrepreneurs. 

The SVCBIC is a combined effort of UW-River Falls, Chippewa Valley Technical College, the River Falls Economic Development Corporation and the City of River Falls.  

12 area businesses received micro-grants during a celebration March 4 at the St. Croix Valley Business Innovation Center (SCVBIC) in River Falls. The micro-grants are being offered to support area businesses with growth expenses and are supported by the Wisconsin Economic Development Corporation.  UWRF photo.