Companies that consider relocating, or expanding in Racine County have access to a diverse range of incentives to encourage business growth, investment and job creation. Racine County Economic Corporation (RCEDC) works with companies interested in a Racine County location to access incentive assistance to make their project a success in our community.
Availability of incentives is determined by:
For more information and assistance:
For projects located in a Tax Increment District (TID), the municipality may choose to provide an incentive equal to a portion of the taxable property value added as a result of a project. Job creation and capital investment are considered by the community when determining level of assistance. RCEDC’s staff can assist you in determining if sites under consideration are located in a TID.
For projects located outside of a TID, the Tax Reinvestment Program (TRIP) may be used to provide an incentive equal to the municipal portion of the taxable property value added as a result of a project. Job creation and capital investment are considered by the community when determining level of assistance.
Business Lending Partners (BLP), a division of RCEDC, specializes in processing and servicing a variety of loan programs in Racine County. BLP is committed to business growth and community development by providing alternative financing options.
Wisconsin’s Manufacturing and Agriculture Credit essentially eliminates the tax on qualified income from manufacturing activity in the state by providing a 7.5% credit on corporate income*. The current state tax on corporate income is 7.9%. This credit is direct and non-competitive. Note: The credit is a percentage of “eligible qualified production activities income.”
After renting offices and working from home for a year, Attorney David Patton, owner of Patton Law Office - a boutique law firm serving Racine and Kenosha Counties - purchased and renovated the building at 1636 Taylor Ave in Racine, Wis.
Following nearly 10 years of building clientele, advancing the practice, and leasing space, Dr. Sally Brown and her daughter, Dr. Tera Pfarr, purchased a 6,000-sf building to expand the business operations of Brown Family Chiropractic in the Village of Mount Pleasant
RCEDC and its finance team, Business Lending Partners (BLP), in partnership with Fox Communities Credit Union, has assembled an unparalleled lineup of industry experts, self-made entrepreneurs, and business leaders to deliver an event tailored to business owners, the commercial lending community and real estate professionals. Food included.
Join RCEDC as we host this food and business networking event, where local business owners share their stories about how they navigated the path to success.
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.
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.
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.
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.
Raising capital to grow your business can be challenging. Should you use debt? What programs are available through RCEDC? Are there more options? Join RCEDC as we explore the opportunities from venture capital to determine when this solution is the…
SBA 504 Rates January 2022
This year, Jellystone Resort in Caledonia was named the "Resort of the Year" by the Jellystone franchise. This award is given to one location per year and the Jellystone franchise is especially happy about the expansion and projects Jellystone Caledonia has completed the past couple of years to aid in the client's demands for the park.
Asphalt Contractors Inc. (ACI), owned by Robert, Robert Jr. and Peter Kordus, a once primary sealcoating operation, recently evolved into the largest company of its kind in Southeast Wisconsin - using the SBA 504 loan program
RCEDC’s mission is to grow Racine County’s property tax base and by supporting business expansions, provide employment opportunities to Racine County residents. In 2022, RCEDC staff were able to facilitate 105 projects that included comprehensive site selection, loans, grants, and incentives resulting in $289 million in private investment and $124 million in new construction.
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