West Central Wisconsin Regional Planning Commission (WCWRPC) is pleased to announce their receipt of a $250,000 Capital Catalyst grant from the Wisconsin Economic Development Corporation (WEDC). The grant award will be used to establish a business revolving loan fund in west central Wisconsin inclusive of Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix counties. WCWRPC has provided $250,000 in match funds, so a new $500,000 business revolving loan fund has been established called the Capital Catalyst Revolving Loan Fund. WCWRPC sub-granted the funds to the nonprofit Regional Business Fund, Inc. (RBF) who will administer the program on behalf of WCWRPC.
The Capital Catalyst Revolving Loan Fund will provide loans ranging from $10,000 – $250,000 to businesses, if needed, to complete their financing packages for land/building acquisition, equipment purchases, construction/renovations, business acquisition, and/or working capital. The program is not meant to compete with traditional business financing products; more information can be found at www.rbfinc.org/capitalcatalyst or by contacting Fund Manager Tobi LeMahieu at (715) 836-2918, ext. 19 or [email protected].
WEDC’s Capital Catalyst program grants funds to organizations dedicated to stimulating entrepreneurship. More information can be found HERE.
Adam Accola, Director, Dunn Economic Development, may also be contacted at 715/232-5444 [email protected]