With infrastructure improvements completed and development plans in place, the Village of Waterford and a few of its local businesses are utilizing RCEDC resources to spur recent development activity.
Tag:
Financial Resource
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The Ideadvance fund is a grant system that is for small businesses or start ups. This program encourages small businesses looking to solve problems in new ways and diversify into new markets.
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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 PartnersCOVID-19 Financial ResourcesEventsFeaturedNewsRacine CountyRCEDCRCEDC Event
Video Presentations for City of Racine Financial Resources
This event will highlight available financial programs for City of Racine business owners.
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COVID-19 Financial ResourcesCOVID-19 Financial ResourcesNewsRacine CountyRCEDC
AEO, Fiserv offer the Back2Business Grants for Small Business Program
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.
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According to a BLP report, the financial team saw an increase of 200% in total projects and a 110% increase in total project investment. The majority of projects that BLP assisted with in 2020 were real estate, restaurants and manufacturing.
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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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NewsSBA Featured Projects
Parker John’s BBQ & Pizza Owners Use SBA 504 to Purchase Fourth Restaurant Location in NE Wisconsin
Boasting record-low interest rates fixed for 25 years, the Small Business Administration (SBA) 504 program remains a great financing tool for growing businesses. Aaron and Jennifer Sloma, co-owners of Parker John’s BBQ & Pizza took advantage of the program and introduced another Wisconsin location to their expanding portfolio.
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This program allows for structures that have owner occupied businesses within the boundaries of the TID district to apply for up to $75,000 in forgivable loans for building improvements such as façade upgrades, signage, landscaping and even interior
improvements.
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