REVOLVING LOAN FUNDS
The purpose of the City revolving loan fund is to make loans to
businesses wishing to expand or locate in the City of Clintonville.
Funds are given up to $10,000 per Full Time Job equivalent. The maximum
amount is $50,000 with four percent interest. The City can loan up to
50% of the total amount needed or $50,000, whichever is lower. An
application is available with additional information on the City’s
website www.clintonvillewi.org, and go to New Business Info. The City currently has five active loans to existing businesses in the City.
The County also has a Revolving Loan Fund that is administered by the
Waupaca County Economic Development Corporation (WCEDC). Funds from
this pool of money are given out at $20,000 (4% interest rate) per FTE
and there is no maximum amount. Jobs cannot be counted twice when
applying to both funds. The WCEDC currently administers 27 loans to
businesses throughout Waupaca County.
COMMUNITY DEVELOPMENT BLOCK GRANTS (CDBG)
The City of Clintonville has utilized CDBG funding for both
industrial and commercial business expansions. Whether submitting
applications which provided the necessary infrastructure for development
projects, or working as a pass-through entity for industrial business
expansion loans, the City has the expertise to guide and assist
developers and businesses with all CDBG requirements.
TAX INCREMENT FINANCING
The City of Clintonville has closed all of its Tax Increment
Districts and is now open to potentially creating new TIDs to encourage
development in the City. The City has provided millions of dollars in
development incentive payments and infrastructure improvements to
industries, commercial developers, senior housing and more.
Sharon Eveland - Clintonville City Administrator
50 10th St., Clintonville, WI 54929
(715) 823-7600 - Office
(715) 823-1352 - Fax
seveland@clintonvillewi.org
www.clintonvillewi.org
Dave Thiel - WCEDC Executive Director
(920) 982-1582 - Office
(920) 810-0865 - Mobile
(920) 982-9047 - Fax
wcedc@charter.net
www.wcedc.org