Areas Served: City of Green Bay
The City of Green Bay has capitalized this program with Community Development Block Grant (CDBG) funds for the purpose of providing loans to businesses that will commit to the creation of jobs within the city limits.
Eligible Projects – Building construction, acquisition, rehabilitation, or expansion.
– Land acquisition (in conjunction with building purchase or construction).
– Purchase and installation of machinery and equipment.
– Working capital (in the form of a loan guarantee only).
Eligible Businesses – Citywide: Manufacturing, wholesale and selected service establishments.
– Wisconsin Development Zone: Construction, manufacturing, wholesale and service.
– Broadway Redevelopment Area: All for-profit establishments.
Loan Requirements – A minimum of 51 percent of the full-time equivalent (FTE) jobs created and/or retained must be for persons from low- to moderate- income households as defined by the U.S. Department of Housing and Urban Development guidelines.
– A maximum of $35,000 CD-RLF dollars may be loaned for each permanent FTE job created up to a maximum loan of $250,000. – This program can provide up to 50 percent of the total project cost; 10 percent must be in the form of equity.
– Minimum loan amount citywide and in WDZ is $15,000; Broadway Area is $15,000.
Contact InformationCity of Green Bay, Wisconsin
Address: 100 North Jefferson Street Room 200
City: Green Bay
State: Wisconsin
Website:
https://greenbaywi.gov/335/Funding-Resources
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