Loans & Grants
Sturtevant Partners with RCEDC
To help encourage business improvement, retention and attraction, the Village of Sturtevant created a new Loan Program ($50,000 – $250,000) with favorable loan terms – little to no equity requirement, low-interest, and principal deferrals. The Village also allocated funding for a Matching Grant (up to $25,000) aimed at assisting business and property owners with their expansion projects. Both the loan and grant programs are available to businesses within an area identified as Tax Increment District No. 4 (TID #4). Eligible uses include, but are not limited to land and buildings, machinery and equipment, site preparation, leasehold improvements, and limited working capital.
It is important for businesses and developers to have access to technical and financial tools to maximize their project success. Sturtevant engages the Racine County Economic Development Corporation (RCEDC) to facilitate its local economic development projects. This partnership has been fruitful, resulting in several expansion projects such as BRP, Kerry Ingredients, Leman USA and Ashley Capital. Recruitment projects have included UNFI, Grand Appliance, Home2Suites by Hilton and AutoZone.
RCEDC is a private, non-profit organization that has access to incentives, grants and loans to accomplish expansion, relocation and financing projects. Because finding talent is also important to our local businesses, RCEDC added a talent attraction program to benefit Sturtevant employers.
RCEDC is the first point of contact for existing and prospective businesses completing expansions, relocations, financing and workforce development projects in Racine County.
BUSINESSS RECRUITMENT & EXPANSION
RCEDC’s staff works with existing Racine County companies, new businesses and developers considering industrial, commercial, housing and redevelopment
projects in Racine County. Contact us to gain more insight into our community, area businesses, regional workforce, site options, and financial assistance.
CGlenn [at] RCEDC.org For more information, contact Laura Million: LMillion [at] RCEDC.org (subject: Sturtevant%20Website%20Contact) (LMillion[at]RCEDC[dot]org) or 262.898.7530
FINANCIAL TOOLS & RESOURCES
RCEDC provides attractive financing options to companies within Racine County through several Matching Grant and Revolving Loan Fund Programs which offer
low interest rates and flexible loan terms. RCEDC also partners with financial institutions throughout the State of Wisconsin to offer long-term, fixed rate
financing, including refinancing, through the SBA 504 Loan Program.
For more information, contact Wesley Walsh:%20Wesley [at] RCEDC.org (subject: Sturtevant%20Website%20Contact) ( Wesley[at]RCEDC[dot]org) or 262.898.7436
TALENT ATTRACTION & DEVELOPMENT
RCEDC maintains a variety of coordinated resources and programs designed to support businesses talent attraction, retention, and development efforts.
Attracting and retaining a quality workforce is key to the success of our local business community.
For more information, contact Cassandra Glenn: CGlenn [at] RCEDC.org (subject: Sturtevant%20Website) (CGlenn[at]RCEDC[dot]org) or 262.898.7438