A new Revolving Loan Fund (RLF) program was capitalized by Racine County to support local companies impacted by the Foxconn development in Mount Pleasant, Wisconsin. The new program is referred to as the Greater Racine County RLF.
COVID-19 Financial Resources
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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.
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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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In partnership with AEO, Fiserv is pleased to announce the Fiserv Back2Business Grants for Small Business Program, which will award funding to Black- and minority-owned businesses that have been impacted by COVID-19 and social unrest.
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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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More than 26,000 businesses have already applied for the $2,500 grants MADISON, June 24, 2020 –…