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Good business is important to the well-being of our community. That is why the City of Eau Claire and the State of Wisconsin step forward to offer a helping hand to businesses that are creating new job opportunities, expanding their operations or bringing new technology to the City of Eau Claire.
Here is a listing of programs available to business owners. To apply or obtain additional details please contact Mike Schatz by phone 715-839-4914 or via email.
Eligibility: Manufacturers that will create
new jobs are eligible. Eligible uses of funds include fixed
assets; capital equipment purchases; land and facility purchase;
remodeling and rehabilitation. Subject to approval by Eau Claire
Eligibility: Companies in manufacturing or
service industries that will create new jobs are eligible.
Dislocated workers who start manufacturing or service businesses
are also eligible. Eligible uses of funds include fixed assets;
capital equipment purchases; facility purchase, remodeling and
rehabilitation; and some working capital uses.
Regional Business Fund Programs▲
Micro Loan Fund
Eligibility: The Micro Loan Fund Program issues small loans to start-up, newly established, or growing small businesses.
Revolving Loan Fund
Eligibility: The Revolving Loan Fund Program is a flexible source of funding for commercial and industrial projects.
Technology Enterprise Fund (TEF)
Eligibility: The Technology Enterprise Fund (TEF) is a “quasi-equity,” or patient debt, revolving loan fund that provides creative financing to
new and emerging technology companies.
Downtown Eau Claire Façade Loan Fund
Eligibility: Business must be located within designated downtown boundaries of Eau Claire, demonstrate ability to repay the loan, property taxes must be kept current, and must provide acceptable design plans for building renovation. Eligible activities include: facade renovation; exterior lighting, doors, and graphics; signage, windows, and awnings; other facade or landscape improvements.
Growth Loan Fund
Eligibility: The Growth Loan Fund is for existing companies in operation for at least 2 years that have financial needs that cannot be met by traditional financing. A business plan is required.
Applications and further details are available at http://www.rbfinc.org/
Eligibility: Owners of property in Downtown
BID, West Grand BID, and Water Street BID, and North
Barstow/Medical BID. Improvements necessary for compliance with
the City of Eau Claire/State of Wisconsin building codes are
eligible for the loan program. Also eligible are changes to
electrical, plumbing and mechanical systems necessary for code
The City of Eau Claire has created a Façade Loan Program to provide financial assistance to property and business owners to encourage the revitalization of old commercial strip centers in the City of Eau Claire. Find all of the information in the program overview.
Some areas of Eau Claire have been designated as HUBZones. To view a map of our HUBZone locations and information on becoming a certified HUBZone business, visit www.sba.gov/hubzone/.
Eligibility: A small business must meet all of the following criteria to qualify for the HUBZone program:
Infill Incentive Program▲
The City of Eau Claire has allocated a total Infill Development loan pool of $200,000 to be available for down-payment assistance loans for the purchase of privately owned infill lots within the City for the construction of new homes. The money may also be used to purchase dilapidated properties in older neighborhoods where the intent is to remove the existing structures on the properties and build new homes.
The City has a small inventory of infill lots that may be declared to be excess properties. These lots may be offered for sale for infill development through a bid process. Under this Infill Development Program the purchaser of a city-owned infill lot may defer payment of the purchase price under the terms stated below.
Eligibility: The angels usually meet with entrepreneurs or businesses with a
service or product that will yield high growth financial
results, and present a reasonable exit strategy.
Eligibility: Must be a manufacturing business or
operator of sewage, solid waste, transit or dock/wharf
facilities. State volume cap does apply on a first come first
serve basis each year.
Links below offer additional resources about other federal, state and regional financial programs.
© 2013 City of Eau Claire Economic Development Division
203 S. Farwell St., PO Box 5148, Eau Claire, WI 54702 Ph:(715) 839-4914
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