Areas Served: City of Fort Atkinson
In pursuing our economic goals and objectives, Fort Atkinson has participated in the State of Wisconsin’s Community Development Block Grant Program for Economic Development (CDBG-ED).
In 1987, this program provided a grant to Fort Atkinson, which in turn, was loaned to a local business to help them structure the financial package necessary to expand their operations.
The principal and interest repaid by this company was then used to establish Fort Atkinson’s revolving loan fund.
Since it’s creation, this fund has provided a source of financing for approximately fifteen eligible industries wishing to expand in Fort Atkinson, Wisconsin or relocate here from another community.
The objectives of Fort Atkinson’s RLF are: – To encourage the creation and retention of permanent jobs which provide a wage appropriate to the skills and experience of the labor force and that is competitive.
A minimum of 51% of the jobs created shall be made available to low and moderate income persons.
– To encourage the leveraging of new private investment into the City in the form of fixed asset investment, particularly in land and buildings.
– To perpetuate a positive and proactive business climate which encourages the retention and expansion of existing businesses and helps to attract desirable new businesses.
– To implement the City’s Economic Development Plan goals and objectives.
– To maintain and promote a diverse mix of employment opportunities and to minimize seasonal or cyclical employment fluctuations.
– To encourage the development and use of modern technology and create safe work environments.
Contact InformationFort Atkinson Industrial Development
Address: 244 North Main Street
City: Fort Atkinson
State: Wisconsin
Website:
http://www.fortchamber.com/page.asp?content=IDC_Rev_Loan_Fund.asp
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