Discover all the latest economic development news happening in Racine County! In this edition, we recognize the 2020 Projects of the Year and the 2020 Lenders of the Year. We also welcome new development underway in Caledonia and identify a messaging shift within RCEDC’s talent attraction campaign.
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Racine County, in partnership with the Racine County Economic Development Corporation (RCEDC), has received a $500,000 grant from the Wisconsin Department of Administration (DOA) to help local small businesses impacted by the COVID-19 pandemic.
Without hesitation, when the effects of the coronavirus pandemic breached the State of Wisconsin’s business community, the Racine County Economic Development Corporation’s finance team, Business Lending Partners, worked relentlessly to acquire and facilitate relief funds to as many businesses as possible. The BLP 2020 Year in Review highlights the results from BLP’s various lending programs and financial relief administration.
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During the next several years, nearly 1 million square feet of industrial development is planned for the DeBack Farms Business Park in the Village of Caledonia. Scannell Properties, headquartered in Indianapolis, plans to develop a 65-acre site in the park over three phases. A General Mills warehouse and distribution center is planned to occupy the first building.
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RCEDC’s most recent Zero Loan Program recipients, Terri and Michael Bannon, owners of Razor Sharp Fitness, used the funds to purchase new fitness equipment, which they anticipate will increase memberships and alleviate the effects from the pandemic.
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business growth solutions A SERIES DEVELOPED TO HELP SMALL BUSINESSES GROW The Business Growth Solutions Series is a 3-part video educational experience designed for small business owners, commercial lenders, real estate …
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The Build Your Own Business program helps entrepreneurs open a storefront location for 3 – 5 months in downtown Union Grove. Business owners receive assistance in finding a store front location, business and marketing plan assistance from the SBDC at UW Parkside, and access to a $500 grant upon signing a lease of no less than 3 months and no more than 5 months.
In 2020, new residents and businesses continued to choose Racine County, taking advantage of its location in the Chicago-Milwaukee corridor. John Crimmings, General Sales Manager of First Weber Real Estate in Racine, believes outside companies are discovering the advantages of doing business here, which attracts home buyers – leading to a future of “a pretty robust real estate market.”
While more new housing development is planned, check out Racine County’s recent activity.
In this edition of RCEDC’s Development News you’ll discover the 2020 recap of Racine County’s housing market and development activity. Also learn about the value of doing business in Racine County as well as the talent pipeline resources
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This event will highlight available financial programs for City of Racine business owners.
The Racine County Economic Development Corporation is a non-profit 501(C)(3) Corporation and not a government agency. RCEDC mission is to increase the real estate tax base in Racine County as well as retain and create employment opportunities by working with private businesses on their expansion projects. >> More About Us
No, RCEDC is a non-profit 501(C)(3) Corporation and not a government agency.
RCEDC’s primary focus is to facilitate business expansion that results in increased real estate tax base and the creation and retention of jobs. These activities are accomplished by working in partnership with private businesses and local governments to facilitate new development.
Racine County is located in the fast-growing industrial corridor between Milwaukee and Chicago along Interstate 94. Lots of great information about Racine County and our communities can be found at Why Racine.
We encourage you to consider becoming an RCEDC Investor. Your support of RCEDC will help to ensure that the quality of life remains an asset throughout Racine County for many years to come.
Lots of great resources are available online and in the community to assist you on your entrepreneurship journey. >> Learn more.
Grant funds available to businesses are generally limited. Several Racine County communities offer targeted programs to encourage development. Racine County’s Matching Grant assists qualifying women, minority, veteran, and manufacturing firms located in Racine County. Several communities offer grants to assist with exterior facade improvements, including in the City of Burlington, City of Racine, Village of Union Grove, and the Village of Waterford. The City of Burlington also offers grants in combination with its low-interest loan program.