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.
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.