For-profit businesses in the CWED region that have a financial need associated with business start-up or expansion with an emphasis on job creation for the area. Owners must have 10% equity in the project. CWED will match new project funding provided by the owner and other sources.
Eligible Activities include:
- Acquisition of land, buildings, and fixed equipment
- Site preparation, construction or remodeling
- Equipment financing
- Working capital
- Investment in technology, without job creation, to keep the business competitive
Ineligible Activities include:
- Refinancing
- Funding to compensate for business weakness
- Reimbursement for expenditures prior to loan approval
- Residential construction
- Routine maintenance
- Relocation within the CWED region without extenuating circumstances
- Real estate investment (less than 50% owner occupied) or speculation (flipping properties)
- Gambling activities
- Adult bookstores, entertainment and escort services
- Lending institutions
- Rent-to-own businesses
- Businesses not serving the interest of Central Wisconsin