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File #: 0185-26    Version: A Name: CDBG Microenterprise funds to RCEDC
Type: Communication Status: Passed
File created: 3/6/2026 In control: Community Development Block Grant Advisory Board
On agenda: Final action: 3/17/2026
Title: Subject: Communication sponsored by Mayor Mason requesting an allocation of $400,000 of CDBG Small Business funds to support the Racine County Economic Development Corporation (RCEDC) Downtown Business Attraction forgivable loan. Recommendation of the CDBG Advisory Board on 03-16-26: To approve the allocation of $400,000 in CDBG Small Business funds for RCEDC Downtown Business Attraction forgivable loan. Fiscal Note: There are sufficient funds available within the CDBG Available Loan Fund (ALF) Small Business account to support this allocation.
Attachments: 1. ABM_RCEDC_Allocation Business Attraction Forgiveable Loan, 2. #0185-26 Resolution

Title

Subject: Communication sponsored by Mayor Mason requesting an allocation of $400,000 of CDBG Small Business funds to support the Racine County Economic Development Corporation (RCEDC) Downtown Business Attraction forgivable loan.

 

Recommendation of the CDBG Advisory Board on 03-16-26: To approve the allocation of $400,000 in CDBG Small Business funds for RCEDC Downtown Business Attraction forgivable loan.

 

Fiscal Note: There are sufficient funds available within the CDBG Available Loan Fund (ALF) Small Business account to support this allocation.