Financial Relief

RCEDC staff recently attended a workshop hosted by the Latino Chamber of Commerce of Southeast Wisconsin at the Rooster’s Family Restaurant in Racine. The Latino Chamber of SEW aims to advocate, strengthen, and promote the growth and development of Latino and other minority emerging enterprises.

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.

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 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.

The goal of the Industry Sectors Worker Training Grants program is to provide resources to companies to train workers and fill positions within their workplace. This is to promote economic growth throughout all of Wisconsin.

The goal of the Main Street Bounceback Grants program is to provide financial support to businesses that move into existing vacant commercial properties, helping to create a foundation for long-term success for themselves and their communities.

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.

This event will highlight available financial programs for City of Racine business owners.

In partnership with AEO, Fiserv is pleased to announce the Fiserv Back2Business Grants for Small Business Program, which will award funding to Black- and minority-owned businesses that have been impacted by COVID-19 and social unrest.

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.