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:
- Project location
- Capital investment
- Job creation
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.”
CORP. TAX1
SALES TAX2
WISCONSIN
0.40%*
5.00%
Illinois
9.50%
6.25%
Indiana
5.50%
7.00%
Michigan
6.00%
6.00%
Minnesota
9.80%
6.88%
RCEDC’s Business Growth Solutions event brought Racine County’s entrepreneurial spirit to life, drawing over 50 business owners, lenders, and community members for a celebration of local success.
The owner of Lavagio Express Laundry has over 20 years of experience that turned an entrepreneurial vision into reality with the opening of this modern laundromat in Mount Pleasant, WI.
The Racine County Economic Development Corporation (RCEDC) and its partner communities are proud to present a comprehensive overview of loans and grants specifically designed to support local small businesses.
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.
Racine, WI – Lisa Ramirez opened Blueberry Hilltop Cafe on October 2023 with the goal of providing home-cooked meals in a family-friendly atmosphere.
To facilitate the company’s continued growth, Benjamin has partnered with Greenwoods State Bank and Business Lending Partners (BLP) to secure an SBA 504 loan to purchase a larger building located at 665 South Kane Street in Burlington. The larger facility will provide more space for its employees and building materials.
Sturtevant, WI – Bolstered by the acquisition of three loans from RCEDC and the receipt of a Sturtevant grant, M&J Krueger Trucking has been able to sustain growth and development at its current location.
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.
EMPOWERING SMALL BUSINESSES A Business Growth Solutions Event RCEDC and its lending staff, Business Lending Partners (BLP), in partnership with Community State Bank, assembled a remarkable lineup of entrepreneurs, small business owners, and financial professionals to share relevant insights on…
- Tax-deductible contribution (RCEDC is a 501C(3) org.)
- Discounted admission to all RCEDC events
- Support RCEDC’s mission
- Marketing of your company to RCEDC prospects
- Highlight your company as a preferred resource
