INCENTIVE DESCRIPTION

State: WI
Incentive Type: Cash Grants and Financing Incentives
Incentive Title: Direct Loans
Description: 1. MAJOR ECONOMIC DEVELOPMENT (MED) PROGRAM: Loan program that provides low interest loans to businesses expanding or relocating to Wisconsin. Size of loan depends upon the amount of capital investment and the number of jobs created. 2. TECHNOLOGY DEVELOPMENT FUND: Loan program designed to aid businesses in Wisconsin develop technological innovations that have a significant economic impact on the state. 3. TECHNOLOGY DEVELOPMENT LOAN: Loan program designed to help companies bring new technology to the market and will have an impact on the economic development of the state. 4. AGRIBUSINESS GUARANTEE Financing tool that enables new and existing businesses to develop or expand production of products using the state's raw agricultural commodities.
Eligibility Requirements: 1. Businesses must have at least 50% of the financing from outside sources. Funds may be used for construction and expansion, working capital and the purchase of land, buildings and equipment. Funds may not be used for refinancing. 2. Any Wisconsin business or consortium involved in R&D activities. Activities should lead to new or improved products. May finance up to 75% of the project. Eligible costs include only those which are directly associated with the project. 3. Any Wisconsin business or consortium is eligible. Funds may be used for the purchase of land, buidings, equipment, new construction and working capital. Refinancing is not eligible. May provide up to 75% of costs. 4. Funding may be used for fixed assets and inventory and working capital. May also use to refinance debt that doesn't exceed 75%. Wisconsin Housing & Economic Development Authority (WHEDA).
Geographic Restrictions: Statewide
Granting Authority: 1. Dept. of Commerce 2.WI Development Finance Board


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.