The following programs are part of the Regional Business Fund (RBF), which offers loan funds to businesses in west central Wisconsin, including New Richmond. Though the objectives for each program vary, the overall goal for the RBF is to help businesses expand, add technology, create quality jobs, and make capital investments in the region.
Revolving Loan Fund Program
A flexible source of loan funds for commercial and industrial projects. The goal of the fund is to encourage the creation of quality jobs and also increase the tax base.
Micro Loan Fund Program
Provides small loans to start-up, newly established, and growing small businesses. The objective is to assist business owners who have traditionally had difficulty accessing debt financing by providing them with an alternative to obtain credit.
Technology Enterprise Fund Program
A "quasi-equity," or a patient debt, revolving loan fund that provides creative financing to new and emerging technology companies.
EDA Revolving Loan Fund Program
Provides low-interest loan funds to expanding businesses that are creating jobs and making a capital investment.
Community Development Financing Programs
Wisconsin provides many programs to help communities spur local economic development. The state also provides personalized support for the specific needs of communities, coordinating resources from various partner organizations as needed.
WEDC Angel and Early Stage Seed Investment Programs
Encouraging investment in small, high-technology businesses with high growth potential. Angel investors, angel investment networks, and venture capital seed funds may qualify for Wisconsin tax credits by investing in these designated companies. Early-stage businesses conducting pre-commercialization activities related to proprietary technology may also qualify.
Qualified New Business Venture
Qualified Wisconsin Business Certification
WEDC Business Opportunity Loan
Limited supplemental funding available for working capital, equipment, training, building construction and improvements, land acquisition, private infrastructure improvements, asset acquisition, and lease payment reduction for property owners. WEDC provides flexible terms to businesses based on the overall economic benefit of the business to the local community, the significance of the capital investment, the number and quality of full-time jobs that are likely to be retained or created as a result of the project, the financial viability of the business, and other factors. The terms also include a loan guarantee option.
WEDC Economic Development Tax Credit Program
Nonrefundable and nontransferable credits must be applied against a certified business' Wisconsin income tax liability. In the case of many entities, tax credits flow through to the owners in the same way as income. Eligible activities include job creation, capital investment, employee training, and corporate headquarters.
WEDC Global Business Development Grants
Offered to assist a company’s ability to expand into global markets by providing appropriate training and education to those employees directly involved with implementing the companies export strategy.
WEDC Jobs Tax Credit Program
Earmarked for businesses located in or relocating to Wisconsin that are creating full-time jobs.
WEDC Technology Development Loan Program
Lending options targeting the critical stages of new business development. One chief focus is helping innovative companies with promising economic futures clear the hurdles associated with bringing new technologies, products, and concepts to market.
WEDC Training Grant Program
Aids businesses in workforce retention and expansion into new markets and technology. Funds are for businesses to upgrade or improve the job-related skills of a business’ full-time employees and may be used to provide training to employees in full-time jobs.
Wisconsin Housing and Economic Development Authority
WHEDA works closely with lenders, developers, local government, nonprofits, community groups and others to implement its low-cost financing programs. Since 1972, WHEDA has financed more than 68,000 affordable rental units, helped more than 110,000 families purchase a home and made more than 29,000 small business and agricultural loan guarantees.
Impact Seven is a private, non-profit as defined by the Internal Revenue Code 501(c)3, community development corporation (CDC). Our mission is to build capacity for low income communities by providing services and development in business, housing and property management.