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Companies affected by Washington Avenue building can get monetary aid | Native Information

RACINE — Companies which have struggled because of the ongoing Washington Avenue building can now get a little bit of a lift.

The Metropolis of Racine Street Development Mortgage Program is offering 0% curiosity, working capital loans of as much as $5,000 to companies negatively impacted by building occurring within the Metropolis of Racine.

The focused space consists of these companies situated on or close to Washington Avenue between Roosevelt Avenue and West Boulevard. Such companies eligible embody Dunk’s Public Home, Infusino’s Pizzeria, Bendtsen’s Bakery, Larsen Bakery, Nissi’s Cake Room, Tooth City Dentistry for Children, Ekman Automotive, Pizza Hut, Hallman/Lindsay Paints, Tony Chen’s Chinese language Restaurant and others.

Different areas within the metropolis may even be thought-about if the enterprise is being impacted by highway building. There’s a complete of $50,000 accessible for this program. Loans can be accepted, processed and distributed on a first-come, first-serve foundation.


“We’re assured this program will present the much-needed aid to companies impacted by the continuing highway building initiatives,” stated Mayor Cory Mason in a press release. “I encourage any enterprise situated in or close to the development zones to use for this program.”

This system was designed by the Racine County Financial Improvement Company in partnership with the Metropolis of Racine. Funding for this program comes from the Racine Improvement Group, which incorporates the next traders: BMO Harris Financial institution, Johnson Monetary Group, JP Morgan Chase Financial institution, RCEDC, S.C. Johnson, Tri Metropolis Nationwide Financial institution, U.S. Financial institution and Wells Fargo Financial institution.