![]() |
||||
![]() |
||||
Return to Home
Property Search
Financial Assistance
Current Economy
Statistics
Tax Comparisons
Local Industries
Infrastructure
Industrial Parks
Entrepreneurs
Partners
FAQ
Local Maps
A-Z List
|
Doing Business Employment Quality of Life Success Stories Contact Us | |||
Financial AssistanceSend This Page To a Friend
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 who are creating new job opportunities, expanding their operations or bringing new technology to the City of Eau Claire. All City incentives are subject to the Prevailing Wage Ordinance and Wisconsin Department of Workforce Development Wage Rates. 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. Job Credit / Building Credit Program (City of Eau Claire) ▲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
City Council. Revolving Loan Fund (Economic Development Administration) ▲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. Business Development Loan Fund (City of Eau Claire) ▲Eligibility: The project must leverage
private investment of five dollars to each BDF dollar and must
create new jobs. It can involve land and building acquisition,
renovation, rehabilitation and re-use of existing buildings for
commercial and industrial purposes, new construction,
redevelopment projects, and the purchase of equipment. Technology Zone Tax Credit Program (Wisconsin Department of Commerce) ▲Eligibility: Any business engaged in the
activities of research, development or manufacture of advanced
products or materials for use in factory automation,
biotechnology, chemicals, computer hardware, computer software,
defense, energy, environmental, manufacturing equipment,
medical, pharmaceuticals, photonics, subassemblies and
components, test and measurement, telecommunications, and
transportation. Industrial Revenue Bonds (City of Eau Claire) ▲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. Community Development Zone Tax Credit Program (Wisconsin Department of Commerce) ▲Eligibility: Businesses applying must be
creating new jobs, or doing environmental remediation. HUBZone Certification (Historically Underutilized Business Zone) ▲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:
Chippewa Valley Angel Investors Network ▲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. Clearwater Development Corporation Loan Pool ▲Eligibility: New construction, purchase or
major renovation of an existing building within the boundaries
of downtown Eau Claire as defined by the City's Comprehensive Plan. Downtown Eau Claire Loan Pool ▲Eligibility:
Downtown Building Owners or Tenants, who are members of Downtown
Eau Claire, Inc. Eligible projects include interior and exterior
remodeling, purchase of a building, creating housing including
projects in the upper floors of downtown properties, parking
lot, signage, lighting, and landscaping improvements. Downtown Eau Claire Code Compliance Loan ▲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
compliance. Downtown Eau Claire Façade Loan ▲Eligibility: Property owners of buildings located within the
downtown boundaries as defined by the HyettPalma Study or
located in the Water Street Commercial Area as defined in the
Water Street District Plan. Eligible projects include: Exterior
improvements only, Front or rear facades and visible sides,
Projects which provide accessibility for handicapped persons,
Projects which eliminate health hazards and code violations,
Signs. Downtown Eau Claire Loft Matching Grant ▲Eligibility: Downtown Building Owners or
Tenants, who are members of Downtown Eau Claire, Inc. Eligible
improvements include: Restoration, rehabilitation or renovation
of existing interior features, New interior features which
significantly enhance the desirability and/or marketability of
the project; or Other improvements or alterations that would
require compliance with applicable city codes and (if
applicable) design guidelines for housing development. Other Federal, State and Regional Financial Programs ▲Links below offer additional resources about other federal, state and regional financial programs. Financial Resources (pdf)
|
||||
|
© 2008 City of Eau Claire Economic Development Division 203 S. Farwell St., PO Box 5148, Eau Claire, WI 54702 Ph:(715) 839-4914 Website Design & Hosting by DiscoverNet |
||||
|
|
||||