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.
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.
- Current with all financial obligations
- Have no outstanding fines, penalties, taxes or other financial obligations owed to with Racine County and/or the Village of Sturtevant, Wisconsin
- Project plan and budget with funding committed
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.
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…
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.
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…
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.
Dan Gallagher started Mybread Bakery with a mission to provide gluten-free breads that are safe for those with food allergies, but not compromise taste or quality. Three years later, Gallagher relocated from Chicago to Racine - with help from the Racine County Economic Development Corporation - and expanded operations by renting a larger space, purchasing better machinery, and hiring additional employees.
In this edition of the Quarterly BLP Newsletter, updates are now available for the new SBA Loan refinance opportunities for existing SBA Loans, a new City of Racine Road Construction Loan Program is promoted for businesses affected by road construction, and to meet the demand of loan applications and closings, BLP is looking to hire a new Loan Closer and Credit Analyst.
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.