RASIN – City of Racine launched a loan program to help businesses affected by road construction, in particular, to rehabilitate some sections of Washington Avenue (Highway 20).
V Racine Road Construction Loan Program provides zero interest working capital loans up to USD 5,000. A total of US $ 50,000 is available for this program. Loans will be accepted, processed and distributed on a first come, first served basis.
Companies located on or near Washington Avenue, between Roosevelt Avenue and West Boulevard, are encouraged. Loan applications will also be considered from businesses in other areas of the city affected by road construction.
“We are confident that this program will provide much-needed assistance to businesses affected by ongoing road construction projects,” Racine Mayor Corey Mason said in a press release. “I encourage any business located in or near the construction zones to apply to participate in this program.”
The program was developed by the Racine County Economic Development Corporation (RCEDC) in partnership with the City of Racine. Funding for this program is provided by the Racine Development Group (RDG), which includes the following investors: BMO Harris Bank, Johnson Financial Group, JP Morgan Chase Bank, RCEDC, SC Johnson, Tri-City National Bank, US Bank and Wells Fargo. Bank.
Business operators interested in applying for the program may contact Akaina Morrison. email@example.com or (262) 898-7434.