Economic Development Revolving Loan Fund (RLF)
Several local governments provide low interest loans through the Economic Development Revolving Loan Fund Program. The loan amount and conditions are based on job creation and retention, demonstrated need, and project feasibility. Other Revolving Loan Fund Programs are available from:
Several municipalities throughout Sheboygan County currently have existing Tax Incremental Financing Districts. The municipalities would negotiate the availability of TIF funds for a project via a developer’s agreement based on the new tax increment created by a new development project or investment. Communities with TIF include:
City of Plymouth ι View Map
City of Sheboygan ι View Map
City of Sheboygan Falls ι View Map
Village of Cascade ι
Village of Elkhart Lake ι View Map
Village of Howards Grove ι View Map
Village of Glenbeulah ι View Map
Village of Oostburg ι View Map
Village of Random Lake ι View Map
Industrial Revenue Bonds (IRB’s)
Wisconsin's Industrial Revenue Bond (IRB) program now has more than $265 million available to assist small manufacturers with expansion projects through low-interest financing. The Wisconsin Department of Commerce grants the bonding authority (volume cap allocation) to cities, villages, counties and towns to issue the bonds on behalf of a business.
New Market Tax Credits ι View Eligible Area
A portion of the City of Sheboygan contains census tracts which are eligible for the New Market Tax Credit program. The program was designed to make investment capital available to businesses in qualifying low-income communities, to create jobs and spur additional economic development. The program is administered by numerous Community Development Entities in Wisconsin.
Economic Development Rate Pilot Program
Wisconsin Power and Light (WPL), a local electrical provider, has received approvals from the Public Service Commission of Wisconsin to offer an economic development rate for a limited time to qualifying business customers. The economic development rate will allow WPL the opportunity, in strictly-defined situations, to offer a discounted rate to large businesses to encourage investment, job creation and economic growth in a challenging economy.
Other Municipal Specific Programs
Village of Elkhart Lake
Community Development Authority ι View Eligible Area
The Elkhart Lake Community Development Authority (CDA) was created in 1997. Over the course of time the CDA has provided start-up business loans to twenty businesses, as well as provided other types of loans and grants.
City of Plymouth
Downtown Facade/Sign Program ι View Eligible Area
The City of Plymouth offers assisance in paying for a facade or sign in downtown Plymouth. Contact the Plymouth Chamber of Commerce to learn more.
City of Sheboygan Falls
Downtown Sheboygan Falls
The City of Sheboygan Falls is a designated Main Street Community by the National Trust & State of Wisconsin. Their program offers start-up and design assistance for downtown tenants, or prospective businesses.
A new building maintenance loan program has been established in 2013 to stimulate routine exterior building improvements that are completed in a timely manner within the context of established historic design principals. Loans of up to $1,000 at 0% interest will be available for all commercial buildings within the BID District boundaries. Loans must be repaid within a 12-month period. Applications are available by contacting the CMS office.
City of Sheboygan
Business Improvement District (BID)
Businesses located within the Harbor Centre Business Improvement District in Sheboygan pay an annual fee in return for joint marketing & promotions.
Historic Preservation Grant
The City of Sheboygan offers grants for façade renovations in the downtown/Harbor Center area.
Sign Grant Program
The City of Sheboygan offers grants for historic signs in the downtown/Harbor Center area.
South Pier District
The City of Sheboygan owns land in the South Pier District, adjacent to the Sheboygan River and Lake Michigan. The intent is to redevelop the area with tourism and new business investments. The City will sell or lease land to a developer in return for property development.