33
Racine County, WI – The U.S. Economic Development Administration (EDA) celebrates #RLFWeek each year to recognize the Revolving Loan Fund (RLF) program as well as highlight the small businesses that utilize it. Business Lending Partners (BLP) has been administering the RLF program throughout Racine County for many years. The program provides our business community with another option for financing major purchases (i.e. land, buildings, equipment, etc.).
Below is a list of recent projects as well as a few stories about some of the projects. To learn more about RLFs or learn how to take your next step in accessing an RLF, please contact one of our staff members here.
Recent RLF Projects in Racine County, WI
| Business Park | Company | Community | Square Feet |
|---|---|---|---|
| Caledonia Corporate Park | Zilber Property Group | Caledonia | 376,920 |
| DeBack Farms | Likewise Partners | Caledonia | 188,846 |
| Enterprise Business Park | Ashley Capital | Mount Pleasant | 780,636 |
| I-94 Business Center | Endeavor | Mount Pleasant | 204,594 |
| Meridian III | Hillwood | Mount Pleasant | 247,105 |
| Park 94 at Mount Pleasant | HSA Commercial Real Estate | Mount Pleasant | 226,200 |
| Total | 2,024,301 |
Starting From Scratch- Flitz International
Flitz International contacted RCEDC to secure a low-interest, low-downpayment equipment loan. In addition to the $200,000 loan, the company also applied and received a Racine County matching grant.
BLP celebrates small business development via #RLFWeek 2022
BLP is honored to join the U.S. Economic Development Administration (EDA) in celebrating #RLFWeek 2022 in support of our growing small business community.
New loan program positively impacts 22 Racine County businesses
In 2020, amidst the economic challenges resulting from the pandemic, the US Economic Development Administration (EDA) was charged with administering the CARES Act Recovery Assistance. The program was designed to provide a wide-range of financial assistance to communities, like Racine County, to help recover from the impacts of the pandemic.
New, favorable finance options now available for Sturtevant businesses in TID #4
To help encourage business improvement, retention and attraction, the Village of Sturtevant created a new program with favorable loan terms - little to no equity requirement, low-interest, and principal deferrals.
Village of Union Grove offers $320k in loans to companies, $20k in grants
The Village of Union Grove Board of Directors approved updates to the existing Union Grove Revolving Loan Fund (RLF) program on Tuesday, April 25.
Village of Union Grove offers $320k in loans to companies, $20k in grants
The Village of Union Grove Board of Directors approved updates to the existing Union Grove Revolving Loan Fund (RLF) program on Tuesday, April 25.
Dan Gallagher’s MyBread Bakery Featured on TMJ4’s ‘The Morning Blend’
Dan Gallagher started Mybread Bakery with a mission to provide gluten-free breads that are safe for those with food allergies, but not compromise taste or quality. Three years later, Gallagher relocated from Chicago to Racine - with help from the Racine County Economic Development Corporation - and expanded operations by renting a larger space, purchasing better machinery, and hiring additional employees.
RCEDC resources spur Waterford development activity
With infrastructure improvements completed and development plans in place, the Village of Waterford and a few of its local businesses are utilizing RCEDC resources to spur recent development activity.
ZERO Loan Program assists local businesses with critical equipment purchases
Two Racine County businesses saw the ZERO Loan Program as an opportunity to improve operations - the City of Racine’s Pawstar and the Village of Union Grove’s Graphic Sign Shop.
Zero Loan Program provides relief for Razor Sharp, O&H Bakery
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.
Zero Loan Program assists Hestia Heat Treat, RCEDC’s first recipient
Darius Szczekocki, president of Hestia Heat Treat in Racine, will use a $100,000 pandemic recovery loan to purchase new equipment to seek more work with automotive industry clients.
RCEDC financial resources support Racine businesses amid pandemic
The City of Racine houses many businesses in a variety of industries, serving its residents and the surrounding communities. However, the challenges posed by the COVID-19 pandemic were severe and required creative, flexible solutions to ensure the retention of these valuable assets in the City.
