Impact Loans (Wisconsin)
Last modified on February 12, 2015.
|Applies to States or Provinces||Wisconsin|
|Name||Impact Loans (Wisconsin)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Primary Website|| http://inwisconsin.com/grow-your-business/programs/projectloan/
| Last Substantive Modification
This program is no longer available.
WEDC may provide forgivable loans to businesses that have expansion projects that will have a significant impact on job creation, job retention, capital investment, and on the surrounding area as a whole. Loans may be up to $2,000,000 and may be forgiven if contract requirements are met for high performing projects.
WEDC will direct Impact Loan funds to the following targeted industry sectors:
- Advanced manufacturing - Food and beverage processing - Printing - Aerospace - Research and Development
Loan requests under $200,000 should be referred to the appropriate local or area regional loan fund first. Under no circumstances, should WEDC ever serve as the primary lender and the total contribution of public funding should generally not exceed 35% of the total project budget and never exceed the private portion.
|Contact Name||General Inquiries|
|Department||Wisconsin Economic Development Corporation|
|Division||Economic and Community Development|
|Address||P.O. Box 1687|
|Address 2||201 W. Washington Avenue|