Financial Assistance and Incentives

Richland County is committed to reducing the financial risk of business operations, expansion or relocation. We work proactively with local officials and various State agencies to provide incentives and loan options for business success.

The RCDA team vigorously pursues the necessary steps to efficiently assess your budget, financing needs, and work through project timelines. We can assist businesses and individuals in determining eligibility for specific programs, facilitate the application process and make referrals to financing professionals.

We invite you to discuss your specific project and the various options to achieve your goals.

** These programs do not take the place of services provided by traditional lending institutions. In many cases financing packages combine a variety of programs to meet the needs of the project.

  • Revolving Loan Funds (RLF)

    There are various RLF programs available through out Richland County. Each program has its own set of criteria, however all are designed to provide low interest loans to help businesses locate, expand and create jobs in the area.

    • Feasibility Applicant must demonstrate the project is viable & the ability to repay the loan. Private Leveraging. A minimum of at least one dollar of private funds for every dollar of RLF funds requested. Higher leverage may be required for some projects.
    • Private Fund Leveraging A minimum of at least one dollar of private funds for every dollar of RLF funds requested. Higher leverage may be required for some projects.
    • Loan Amount Loan amounts are always subject to availability of funds.
    • Interest Rate The rate will be established on an individual project basis.
    • Collateral The lender will seek adequate security for all loans. Collateral must be sufficient to cover the loan amount. When business assets are insufficient to secure the RLF, personal assets may be pledged.
    • Job Creation Amounts eligible for lending are directly tied to each permanent Fulltime Equivalent (FTE) position created or retained.
  • Tax Incremental Financing (TIF) A TIF is a financing tool used to accommodate and support selected new industrial and commercial development projects that generate additional property taxes. Generally, businesses using a TIF are required to enter into a Development Agreement that outlines the projects impact on the community.
  • Industrial Revenue Bond Wisconsin's Industrial Revenue Bond program is accessible to Richland County Municipalities. The Department of Commerce grants bonding authority to cities, villages and towns to issue the bond on behalf of a business.

    There are borrower and project eligibility regulations, please contact us for specific information.

  • Wisconsin Department of Commerce has a broad range of financial and technical assistance programs for expanding businesses.