MACCI Business Development Financial Resources

Marshfield Economic Development Association Resource Guide

Local Financial Assistance Programs

Tax Incremental Financing (TIF) helps cities in Wisconsin attract industrial and commercial growth in underdeveloped and blighted areas. A city or village can designate a specific area within its boundaries as a TIF district and develop a plan to improve its property values. Taxes generated by the increased property values pay for land acquisition or needed public works. TIF funds have a 20-year life payback with 7 years to do improvements.

Main Street Marshfield offers several loan and grant programs. Contact Program Manager, at 715-387-3299 for details.

Marshfield Economic Development Funds - Grants are available to be applied to land and site development. Call Marshfield Area Chamber of Commerce and Industry at (715)384-3454 for details.

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.

Wood County Revolving Loan Fund Program offers low interest loans (as low as 4%) to help businesses locate, expand or retain jobs in Wood County. Minimum of one full time position must be created or retained for every $20,000 of RLF funds. All loans are subject to the availability of funds. For more information contact: Revolving Loan Fund Administrator, Wood County Planning & Zoning Office, 715-421-8568.

North Central Wisconsin Regional Planning Commission - Regional Revolving Loan Fund provides gap financing to area businesses. Loan sizes range from $10,000 to $150,000. Interest rates are set usually 2 points above or below prime. At least 10 percent of new or existing equity is needed in any project. The RLF can at most finance 50 percent of the project. The application review process takes 30 to 60 days to make a funding decision. (715) 261-6565/(715) 261-6566 (fax).

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