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.
Community Loans Projects
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Business Lending PartnersCommunity Loans ProjectsCOVID-19 Financial ResourcesCOVID-19 Financial ResourcesFeaturedNewsRacine CountyRCEDCSuccess Stories
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.
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Business Recruitment & ExpansionCommunity Loans ProjectsFeaturedNewsRacine CountyRCEDCSuccess Stories
Burlington’s The Loop Commons is Officially Open
One of the City of Burlington’s newest businesses, The Loop Commons, announced their official opening on Facebook (January 11, 2021). The Loop Commons is a historic building revived for modern endeavors, and includes co-working space, a photo studio, a podcast studio, conference rooms, private offices, event space, a coffee shop, and coming spring 2020, a climbing gym.
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Business Lending PartnersBusiness Recruitment & ExpansionCommunity Loans ProjectsCOVID-19 Financial ResourcesCOVID-19 Financial ResourcesFeaturedNewsRacine CountyRCEDCSuccess Stories
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.
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Business Lending PartnersBusiness Recruitment & ExpansionCommunity Loans ProjectsFeaturedNewsRacine CountyRCEDC
Progress on Caledonia’s new O&H Bakery, Starbucks drive-thru coffee shop
Case High School graduate and Milwaukee Brewers former draft pick, Lee Jaramillo now owns Northterra Real Estate Group. Jaramillo recently used RCEDC’s High Impact Revolving Loan Fund for interim financing to construct the new O&H Danish Bakery on the corner of Douglas Avenue and 4 Mile Rd.
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Business Lending PartnersCommunity Loans ProjectsCOVID-19 Financial ResourcesNewsRacine CountyRCEDCSuccess Stories
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.
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Business Lending PartnersBusiness Recruitment & ExpansionCommunity Loans ProjectsFeaturedNewsRacine CountyRCEDCSBA Featured ProjectsSuccess Stories
Burlington’s Low Daily Brewery Featured on The Morning Blend
When Low Daily Brewery owners, Tim and Claire Sullivan moved from the Pacific Northwest to Burlington, RCEDC provided development assistance in a variety of capacities, including local and state incentive as well as an SBA 504 loan for building renovations and equipment purchasing.
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The City of Burlington and RCEDC have been partnering on economic and community development projects since the early 1990’s. Through this team effort, the City has been able to site a new business park, reclaim its riverfront for higher value development, retain its historic character of the downtown, assist growing businesses, and attract new business and development.
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Racine County, WI – First funded by Racine County in 2004, the Matching Grant Program (MGP) focuses on supporting…
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Business Lending PartnersCommunity Loans ProjectsFeaturedNewsRCEDCSuccess Stories
World-Renowned Artist Opens Business in City of Burlington
Burlington, WI – Tenured university professor. World-renowned portrait artist. And now entrepreneur, business owner and City…