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.
COVID-19
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COVID-19 Financial ResourcesNewsRCEDC
Village of Union Grove offers $320k in loans to companies, $20k in grants
The Village of Union Grove Board of Directors approved updates to the existing Union Grove Revolving Loan Fund (RLF) program on Tuesday, April 25.
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The Racine County Community Development Block Grant Program provides up to $12,000 for small businesses in Racine County with five or fewer employees, negatively impacted by the pandemic.
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The Wisconsin Department of Administration and Wisconsin Economic Development Corporation have been creating grant programs for certain businesses that have been impacted negatively by COVID-19 or are just seeking help financially. Learn about these great programs, their eligibility requirements.
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Without hesitation, when the effects of the coronavirus pandemic breached the State of Wisconsin’s business community, the Racine County Economic Development Corporation’s finance team, Business Lending Partners, worked relentlessly to acquire and facilitate relief funds to as many businesses as possible. The BLP 2020 Year in Review highlights the results from BLP’s various lending programs and financial relief administration.
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Business Lending PartnersCommunity Loans ProjectsCOVID-19 Financial ResourcesCOVID-19 Financial ResourcesFeaturedNewsRacine CountyRCEDCSuccess Stories
Zero Loan Program provides relief for Razor Sharp, O&H Bakery
RCEDC’s most recent Zero Loan Program recipients, Terri and Michael Bannon, owners of Razor Sharp Fitness, used the funds to purchase new fitness equipment, which they anticipate will increase memberships and alleviate the effects from the pandemic.
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Business Lending PartnersBusiness Recruitment & ExpansionCommunity Loans ProjectsCOVID-19 Financial ResourcesCOVID-19 Financial ResourcesFeaturedNewsRacine CountyRCEDCSuccess Stories
Zero Loan Program assists Hestia Heat Treat, RCEDC’s first recipient
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.
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Business Lending PartnersCommunity Loans ProjectsCOVID-19 Financial ResourcesNewsRacine CountyRCEDCSuccess Stories
RCEDC financial resources support Racine businesses amid pandemic
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.
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UNION GROVE, WI – The Village of Union Grove Trustees recently approved attractive loan and grant resources to support…