Grants from the WEDC Minority Business Development Program will go to five organizations, The Business Council and Wisconsin Chambers of Commerce for Africans, American Indians, Hispanics and Hmongs. These organizations can use the funds to help startup minority businesses obtain loans.

The city was preparing to deliver about $2 million in tax incremental financing (TIF) to cover a public space, but the city attorney's office determined the proposed neighborhood center was not eligible for TIF support under state law. The project will still receive $4.8 million in housing tax credits.

Last week, Wisconsin Economic Development Corporation staff submitted a Tax Credit Revocation Report to the agency's board of directors. Five companies must return portions of tax credits awarded in past years to create jobs.

The pilot program will provide grants between $10,000 and $100,000 to nonprofit organizations and communities for activities and projects that promote entrepreneurship and deliver key services and resources to Wisconsin entrepreneurs.

Bond financing facilitated by WHEFA will be used to help Madison Country Day School refinance an interim taxable loan used for the construction and equipping of a 21,000 square foot addition to house middle and high school classrooms, a music wing, and areas for academics.

The Fundamentals WebCourse is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

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