NEWS & EVENTS
Financial Assistance & Incentives
Green County communities are committed to reducing financial risk for expanding and relocating businesses. Led by the Green County Development Corporation, we will put a team together to help you with every aspect of your project from concept to reality. No matter what you need we will have the most effective professional people there to make sure that each step of your project is handled quickly, thoroughly and within your timeline and budget.
GCDC works proactively with the State of Wisconsin and local officials to provide meaningful incentives and loans that help to ensure a successful business operation. From job training programs and industrial revenue bonds to local revolving loan funds and sites priced below market, we can assist you to determine your eligibility for specific programs, and facilitate the application process.
Please contact GCDC to discuss your specific project and the various ways we can assist you in achieving your goals.
Local Revolving Loan Funds
Revolving Loan Funds (RLF) are designed to provide funds needed to expand a business. Loans are generally tied to maintaining or expanding the work force. As the business repays the funds to the local unit of government, the money can be loaned to other existing businesses within the community or county to finance additional economic development projects.
The City of Monroe and Green County operate separate revolving loan funds. The Monroe RLF is designed to promote economic development thorugh recruitment, creation and retention of business in the city. |Green County’s RLF is likewise designed to help businesses that locate, expand or retain jobs in Green County. For more details regarding these programs, check out their program brochures.
Monroe RLF Brochure (pdf)
Tax Increment Financing (TIF)
A TIF is a mechanism for financing local economic development projects. Taxes generated by the increased property values pay for land acquisition or needed public works. Communities in Green County have used TIF to accommodate and support selected new industrial and commercial development projects. Businesses are generally required to enter into a Development Agreement that outlines the project’s impact on the community.
Industrial Revenue Bonds
To support expanding businesses, Green County municipalities have access to Wisconsin’s Industrial Revenue Bond program. The Wisconsin program now has more than $200 million available to assist small manufacturers with expansion projects through low-interest financing. The Wisconsin Economic Development Corporation grants the bonding authority (volume cap allocation) to cities, villages, and towns to issue the bonds on behalf of a business.
State & Regional Assistance
SW Wisconsin Regional Planning Commission Revolving Loan Fund – Funded by the Economic Development Administration, the region’s RLF, officially named Southwestern Wisconsin Business Development Fund, Inc.(SWWBDF), targets job-creating business development/expansion projects that address a regional need or a specific unmet need in a community.
The Wisconsin Economic Development Corporation has a broad range of financial and technical assistance programs for expanding businesses.