Home NewsBusiness Lending Partners Limited Opportunity Grant (LOG) aimed to support Racine County’s small businesses

Limited Opportunity Grant (LOG) aimed to support Racine County’s small businesses

by Jeremy Williamson

Limited Opportunity Grant

Racine County, WI – 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.
racine county

In Collaboration with Racine County

“So many small businesses in Racine County have been hit hard by COVID-19,” County Executive Jonathan Delagrave said. “I’m thankful this funding will help support our well-deserving local businesses as we continue working to recover from the pandemic.”

Eligible Racine County businesses* are those with five or less employees that have been negatively impacted by the pandemic and need funding for operations, consultant and coaching costs, or training. Because the source of the grant is from the U.S. Department of Housing and Urban Development (HUD) through its Community Development Block Grant (CDBG) program, a Low-to-Moderate-Income requirement will apply. This grant will not be available to businesses located in the City of Racine because the City received its own allocation directly from HUD.

“I truly appreciate the partnership RCEDC has with Racine County in our joint effort to support local businesses,” RCEDC Executive Director Jenny Trick said. “RCEDC’s lending team, led by Carolyn Engel, is diligently completing the administrative tasks required to establish the program, applications, and the review process to begin to distribute these dollars. I expect grant applications will be available in May 2021.”

*For Racine County businesses, excluding those in the City of Racine, interested in access these funds as soon as they become available, please fill out the form below with your name an email.

    • GOAL
    • ELIGIBLE BUSINESSES
    • ELIGIBLE SPENDING
    • COVID IMPACT
    $5,000 grants to support at least 100 businesses recover from COVID-19
    • Racine County, excludes City of Racine
    • 5 or fewer staff
    • low-to-moderate income
    • Operations
    • Training
    • Consultant and
      coaching costs
    • Full/partial shut down
    • Revenue decline
    • Economic changes
    • Safety

    Leave a Comment

    Related Posts

    This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept