Assembly Bill 811 proposes the establishment of a new grant program called the Main Street Bounceback Grants, aimed at supporting businesses that are either opening new locations or expanding operations in vacant commercial spaces. The bill allocates $25 million in general purpose revenue for each year of the 2025-27 fiscal biennium to the Wisconsin Economic Development Corporation (WEDC) for this purpose. The eligibility requirements and procedures for these grants will closely mirror those of the existing Wisconsin Tomorrow Main Street Bounceback Grant program as they were on June 30, 2023.

Additionally, the bill specifies that WEDC is prohibited from awarding grants to nonprofit organizations under this new program. The creation of this grant program is intended to stimulate economic growth and revitalization in Wisconsin's commercial sectors by providing financial assistance to businesses that contribute to the local economy.