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Waupaca County EDC outlines $250,000 downtown small‑business loan/grant match; applications to open after press event
Summary
Waupaca County Economic Development Corporation told the committee it secured $250,000 from a state settlement grant to match local loans for downtown building purchases and improvements; the program pairs a business loan (up to $100,000) with grant funds (up to $50,000) to cover building improvements and accessibility work.
The Waupaca County Economic Development Corporation on Tuesday described a new program to encourage businesses to buy or renovate downtown buildings by pairing loans with state settlement grant funds. Jeff McCluskey, executive director of the Waupaca County Economic Development Corporation, told the Economic Development Committee the county agency received $250,000 from a state settlement program and will match approved local business loans for downtown properties. Under the program, an eligible business that obtains a business loan through WCDC — loans can be up to $100,000 — may receive a grant equal to the loan amount up to $50,000 to pay for building improvements such as energy…
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