Matching Grants

Grant reimburses up to 50% of eligible cost – up to $5,000 per applicant.
Through funding from the County of Racine, a Matching Grant Program (MGP) was established with the goal of providing a means for existing small and medium-sized companies to obtain the professional services necessary for a strong foundation for continued business growth and to provide jobs for Racine County residents.

Grant reimburses up to 50% of eligible cost – up to $10,000 per applicant.
Through funding from the City of Burlington, a Matching Grant Program (MGP) was established with the goal of providing a means for small and medium-sized for-profit and non-profit organizations to establish a new operation, expand an existing operation or construct or improve a facility for lease to business(es) located in the City of Burlington.

Business Lending Partners (BLP) provides up-front eligibility screening services to determine if a small business meets the general criteria to qualify for an SBA loan.

    Why SBA 504 Loans?

    Lenders' Benefits

    Borrowers' Benefits

    Recent Business Lending Partners News

    Laura Million has been named RCEDC's Deputy Director and Thomas Van Gent has been named BLP's Senior Loan Officer.

    January 2021 SBA 504 Rates

    business growth solutions A SERIES DEVELOPED TO HELP SMALL BUSINESSES GROW The Business Growth Solutions Series is a 3-part video educational experience designed for small business owners, commercial lenders, real estate professionals and anyone in a position to help Wisconsin businesses…

    Start In Wisconsin is the premier network for local businesses. For owners and startups, Start In Wisconsin will power connections to start, scale and accelerate area entrepreneurs. For the established resource network, Start In Wisconsin will be a platform to provide best fit referrals, build your network, and to showcase the story of entrepreneurship in our region.

    November 2020 SBA 504 Rates

    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.

    Case High School graduate and Milwaukee Brewers former draft pick, Lee Jaramillo now owns Northterra Real Estate Group. Jaramillo recently used RCEDC's High Impact Revolving Loan Fund for interim financing to construct the new O&H Danish Bakery on the corner of Douglas Avenue and 4 Mile Rd.

    The City of Racine houses many businesses in a variety of industries, serving its residents and the surrounding communities. However, the challenges posed by the COVID-19 pandemic were severe and required creative, flexible solutions to ensure the retention of these valuable assets in the City.

    When Low Daily Brewery owners, Tim and Claire Sullivan moved from the Pacific Northwest to Burlington, RCEDC provided development assistance in a variety of capacities, including local and state incentive as well as an SBA 504 loan for building renovations and equipment purchasing.

    The U.S. Small Business Administration (SBA) visited the Village of Mount Pleasant’s O&H Bakery on Wednesday to award owner, Eric Oleson the 2020 Jeffrey Butland Wisconsin Family-Owned Business of the Year.

    In this edition of the Quarterly BLP Update, you will learn more about the SBA 504 Program, hear from businesses and banking partners who benefited from our programs, and discover the community loans and grant relief programs we’ve been administering to local businesses.

    https://vimeo.com/422823310 Community State Bank Senior Vice President, Steve Donovan and Market President, Nick Borth interview President of ATW Miller Group LLC, Todd Miller and Business Finance Manager of Business Lending Partners, Carolyn Engel to discuss SBA lending options for your…

    INVEST IN RCEDC

    RCEDC’s mission is to grow Racine County’s property tax base and by supporting business expansions, provide employment opportunities to Racine County residents. Over the last three years the RCEDC staff assisted 72 projects that, when completed, will result in 1,000’s of new full time jobs, and will substantially boost local property tax revenues. Your investment allows RCEDC staff to continue these positive efforts.

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