In 2020, amidst the economic challenges resulting from the pandemic, the US Economic Development Administration (EDA) was charged with administering the CARES Act Recovery Assistance. The program was designed to provide a wide-range of financial assistance to communities, like Racine County, to help recover from the impacts of the pandemic.
The Village of Union Grove Board of Directors approved updates to the existing Union Grove Revolving Loan Fund (RLF) program on Tuesday, April 25.
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.
Two Racine County businesses saw the ZERO Loan Program as an opportunity to improve operations – the City of Racine’s Pawstar and the Village of Union Grove’s Graphic Sign Shop.
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.
Welcome to the second of three Business Growth Solutions presentations. This presentation will help small business owners and commercial lenders in Racine County understand the benefits of utilizing RCEDC’s community loan and grant programs.
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.
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.
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.
COVID-19 Business Resources *SITE UPDATED REGULARLY* NAVIGATING WHAT’S NOW AND WHAT’S NEXT In the midst of…