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Council earmarks $50,000 as local match for WEDC small‑business grant application
Summary
The council approved earmarking $50,000 from the city's economic development assigned fund balance to serve as a local match for a Wisconsin Economic Development Corporation small‑business development grant tied to a countywide application.
The Common Council approved earmarking $50,000 from the city’s economic development assigned fund balance to serve as a local match for a Wisconsin Economic Development Corporation (WEDC) Small Business Development Grant application.
At an Economic Development Committee meeting, committee members discussed a WEDC grant opportunity that would be submitted on behalf of the Waupaca County Economic Development Corporation and would allow grants of up to $50,000 per project for building repairs or modifications. Committee members reported that the city’s local match funds would be used only for awards within city limits.
The Economic Development Committee recommended earmarking $50,000 from the city’s economic development assigned fund balance; the council moved and seconded the recommendation and passed the motion 10-0. The minutes do not include the full grant application, potential recipients, or the timeline for awards; committee notes indicate the city’s $50,000 would only apply to projects located within the city boundaries.
