Economic Development

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

Powered by CivicLive. © 2018 West Corporation. All rights reserved.