Discover the latest economic development news happening in Racine County! In this edition, we identify multiple development projects commercially and residentially, as well as identify the finance solution for purchasing fixed assets.
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Racine County MGP helps H.E.R. Valley grow, leading to grand opening of new location
Trene McCaskill, owner of H.E.R. Valley – a self-care and revitalization service in Racine – will celebrate the grand opening of her new location at 904 State St. on July 9th at 11:45 a.m.
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CSL USA Inc. opens new fermentation facility in Caledonia
Centro Sperimentale del Latte USA Inc. (Cultures Supporting Life), a probiotic company, recently established its first operations in the U.S. with a manufacturing facility in Caledonia, Wisconsin. The investment is part of a multimillion-dollar project expected to create up to 31 jobs over the next four years.
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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.
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Waterford awarded $250k to construct new multi-use downtown buildings
The Wisconsin Economic Development Corporation (WEDC) recently awarded the Village of Waterford $250,000 as part of the Community Development Investment (CDI) Grant program. The grant will go towards construction of what will become the Waterford Lofts, located at 506 E Main Street.
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RCEDC approves $72k in grants for Racine County businesses, $330k still available
The newest Racine County grant, the Community Development Block Grant Program (CDBG) was launched in late 2021. Nearly $72,000 has been approved for businesses throughout Racine County that were negatively affected by the pandemic. Fortunately, there is still $330,000 available.
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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.
The Racine County Economic Development Corporation recognizes the outstanding efforts of companies and individuals for their contribution to Racine County’s development.
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Creative Welding & Fabrication uses SBA 504 to purchase building, secure tenants, create jobs
Creative Welding & Fabrication previously leased most of the space at 120 Industrial Drive in Burlington. After learning about the U.S. Small Business Administration’s (SBA) 504 program, owners Roger Baumeister and Jeremy Uhlenhake decided to purchase the building, which allowed them to expand operations and begin collecting rent from existing tenants.
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Summit Packaging breaks ground on new 77k sf Racine facility
Summit Packaging Systems celebrated the 77,000 sf expansion to their current facility located at 3441 S. Memorial Dr with a groundbreaking ceremony on Tuesday, April 5th.