The City of Racine is offering various programs designed specifically to assist businesses, located in the City of Racine, in partnership with a bank loan. These programs primarily fund real estate projects, furniture, fixtures and equipment purchases and other uses as deemed appropriate by the BLP Loan Advisory Committee.
This program is intended to assist businesses affected by the construction taking place in the City of Racine.
Applicants may qualify for up to $5,000 for each business affected by the 2021 road construction.
This loan program is made available through our partnership and funding by the following companies and financial institutions:
The targeted area includes those businesses located on or near Washington Ave. between Roosevelt Ave. and West Blvd. However, other areas in the City will be considered if the business is being impacted by road construction.
Loans are intended to provide working capital
After December 31, 2021, loans will be converted to four-year term loans with the following terms:
Contact BLP’s Akayna Morrison at:
The Seed Capital Program was funded through a partnership between the Wisconsin Economic Development Corporation (WEDC) and the City of Racine. The fund makes grants, loans and equity investments into innovation based, start-up and early stage businesses that are located or will be located in the City of Racine.
This program was designed specifically to assist businesses in the City of Racine by offering an RLF loan in partnership with a bank loan. The program primarily finances real estate projects in the City of Racine to facilitate job growth.