Marshfield boasts a vast diversity of businessess in the area. We work with our businesses to offer a skilled workforce, a pro-business climate, and access to resources to help them succeed. If you are looking to expand, relocate or establish a business of your own, Marshfield has what it takes to make your business prosper. Low electrical rates and affordable/available land coupled with an excellent quality of life are just a few of the reasons to take a second look at this community.
Marshfield Economic Development Funds:
Incentives are available to be applied to land and site development. Call Marshfield Area Chamber of Commerce & Industry at 715-384-3454 for details.
Marshfield Revolving Loan Fund Program:
Marshfield Revolving Loan Fund Program (RLF) offers low interest loans (as
low as 4%) to new or existing businesses and industries based upon the
creation of new jobs. Loan amounts are subject to the availability of funds,
not to exceed 20% of the total loan balance. Project must create or retain at
least one full time permanent position for every $10,000 of funds requested.
An applicant must leverage a minimum of two dollars of private funds for every
one dollar of revolving loan funds. For more information contact the Marshfield
Area Chamber of Commerce and Industry at 715-384-3454. Click here for PDF
CWED Loan Fund Program:
The Central Wisconsin Economic Development Fund, Inc. has created a regional loan fund program to serve as an economic stimulus in Central Wisconsin. Local participating counties in the CWED Loan Fund are Adams, Marathon, Portage and Wood. The purpose of this fund is to fill financing gaps in local markets and to stimulate private sector development. The CWED Loan Fund provides direct loans for up to 10 years at rates beginning at 2% in partnership with other lending institutions. For details contact: Jason Angell, City of Marshfield Director of Planning & Economic Development, 715-486-2074 or Karen Olson, Marshfield Chamber of Commerce & Industry's Business Development Director, 715-384-3454. Click here for PDF
Main Street Marshfield Loans / Grants:
Main Street Marshfield offers several loan and grant programs. Contact Executive
Director, at 715-387-3299 for details.
Marshfield Investment Group:
The Marshfield Investment Partners is a formal group of accredited angel investors who are interested in taking equity commitments in early-stage, high growth potential companies in the greater Marshfield region and throughout Wisconsin.
Business Planning Grants
Wisconsin Early Planning Grant:
Provides funds to assist entrepreneurs to write a business plan. The grant (up to $3,000
and requiring a 25% match) is available to business start-ups in the following industry
sectors: Agricultural/Food Processing, Biotechnology/Bioinformatics, Business
Services/Supply Chain Management, Finance/Insurance, Information Technology/Data
Processing, Machinery Manufacturing/Automation, Manufacturing/Materials, Medical
Devices/Medical Informatics, Papermaking/ Forest Products, and Printing.
Entrepreneurial Training Grant:
Provides funding for entrepreneurs to attend a course focused on determining the
viability of their business. The course is typically taught by the UW Small Business
Technology Zone Tax Credit:
Tax credits will be made available to high-technology businesses locating or expanding in
the Northeast Wisconsin designated Technology Zone.
Other Grants / Loans
Community Development Block Grant – Economic Development:
The CDBG-ED program is designed to assist businesses that will invest private funds
and create jobs as they expand or relocate to Wisconsin. The Wisconsin Department of
Commerce awards the funds to a general-purpose unit of government (community), which
then loans the funds to a business.
WHEDA Small Business Guarantee Loan:
Provides loan guarantees to local lenders for small business financing.
Small Business Administration LOW DOC Program:
Provides loans up to $150,000 to start or grow small businesses. Application is 2
pages and turnaround time is 36 hours.
Small Business Administration 7a Loan Program:
Through this program, the SBA guarantees a loan provided to a business by a commercial
bank. Maximum loan size is $2,000,000.
Small Business Administration SBAExpress Loan Program:
Provides streamlined process for business to receive loans of $250,000 or
less for start-up costs or expansion. Loans can be used for a revolving line
Small Business Administration 504 Loan Program:
Offered through Certified Development Corporations, provides loans up to
$1,000,000 for land, buildings, fixed equipment, and renovations.
Small Business Administration Microloan Program:
Provides financing to new or small businesses that meet certain criteria.
Rural Economic Development Microloan Program:
Provides loans for almost any purpose to small businesses and cooperatives in
Small Business Administration CAPLoan:
SBA guaranteed loans that provide short-term financing and lines of credit to
Industrial Revenue Bonds:
This program allows businesses to borrow money for capital outlays at a
reduced interest rate.
Export Loan Programs
Small Business Administration Export Express:
Provides loan funds to businesses seeking to enter the exporting market.
Export Working Capital Program:
Provides loans for short-term working capital for exporters.
International Trade Loans:
Loan guarantees made to companies exporting to other countries or those
that have been adversely impacted by foreign competition.
Agriculture Loan Programs
Beginning Farmer Bond:
Provides low interest loans to new farmers for the purchase of land,
equipment, livestock and buildings.
Agribusiness Loan Guarantee:
Provides loan guarantees to businesses producing an agribusiness product
Provides loan guarantees for farmers to finance operating expenses.
Provides loan guarantees to lenders that lend money to farmers to modernize
Disadvantaged Group Financing
Linked Deposit Loan Subsidy:
Provides low-interest loans for businesses owned by women and minorities.
Wisconsin Minority Business Development Program:
Provides financial assistance for the start-up and expansion of
minority-owned businesses. For the purposes of this program, women are
not considered a minority.
Venture Capital Funds
Venture capital funds made available to businesses that are unable to attain
financing through other means.
Technology Development Fund:
Program designed to commercialize technology developed at Wisconsin higher
Labor Training Funds
Customized Labor Training:
This program is designed to assist companies that are investing in new technologies
or manufacturing processes by providing a grant of up to 50% of the cost of training
employees on the new technologies. The program’s primary goal is to help
Wisconsin manufacturers maintain a workforce that is on the cutting edge of
Central Wisconsin SCORE:
SCORE is a resource partner with the U.S. Small Business Administration. SCORE members
are trained to serve as counselors, advisors, and mentors to aspiring entrepreneurs and
Small Business Development Center:
The Small Business Development Center (SBDC) located at the University of
Wisconsin - Stevens Point, is one of ten university-based SBDC's in Wisconsin.
Their mission is to provide learning opportunities and practical guidance to
help individuals make informed business decisions. The Stevens Point SBDC
works with small business in eight central Wisconsin counties, and offers
several types of services including seminars, customized in-house training,
and individualized counseling. (715) 346-3838
Wisconsin Manufacturing Extension Partnership (WMEP):
In an effort to improve quality and productivity of small to medium sized
Wisconsin Manufacturers, a partnership between government, industry, labor, and
education was formed. The WMEP assessment process is designed to be broad based
rather than in-depth. The purpose is to "raise flags" where more
effort should be placed. After the assessment, this can lead to a technical
assistance project, in which your company is paired with a facilitator to help
design and implement solutions.
Solid and Hazardous Waste Education Center (SHWEC):
The University of Wisconsin-Extension's SHWEC program was created to provide pollution
prevention services to waste generators in Wisconsin. SHWEC' pollution prevention
specialists will assess hazardous waste systems, provide no-cost nonregulatory
technical assistance, and identify potential waste reduction options.
Please contact us with questions and/or comments.