(link).
The Community Development Block Grant (CDBG)-Economic Development Program, provides grants to communities to loan to businesses for start-up, retention, and expansion projects based on the number of jobs created or retained.
The Customized Labor Training Fund provides training grants to businesses that are implementing new technology or production processes. The program can provide up to 50 percent of the cost of customized training.
The Economic Impact Early Planning Grant (EI-EPG) Program offers matching grants that can cover up 75 percent of project costs--up to $3,000--to help entrepreneurs and small businesses obtain professional services to develop a comprehensive business plan. A business plan is necessary to receive funding for the other gaming programs as well as to attract private financing. A Special Opportunity Grant provides up to $15,000 for projects that will have a statewide impact.
The Major Economic Development Program offers low-interest loans for business development projects that create a significant economic impact.
The Technology Development Fund (TDF) program was established in 1984 to assist Wisconsin businesses research and develop technological innovations that have the potential to provide significant economic benefit to the state.
ADDITIONAL BUSINESS FINANCE PROGRAMS
The Enterprise Development Zone Program promotes a business start-up or expansion on a particular site in any area of the state that suffers from high unemployment, declining income and property values, and other indicators of economic distress. The program offers tax credits for hiring disadvantaged workers and undertaking environmental remediation. Tax credits can be taken only on income generated by business activity in the zone. The maximum amount
of tax credits per zone is $3 million.
Industrial Revenue Bonds (IRBs) are a means of financing the construction and equipping of manufacturing plants and a limited number of non-manufacturing facilities. The municipality is not responsible for debt service on IRBs, nor is it liable in the case of default. IRBs are also exempt from federal income tax. Contact Steve Sabatke, 608/267-0762.
Work Force
An abundant supply of top-quality employees is critical to the success of every business.
The Hammond area will exceed your expectations, as the local work force is ready, willing and able to meet the needs of your company.
- Hammond area residents posses a solid rural work ethic
More than 8,000 people leave St. Croix County each day to drive to Minnesota for work, and many would prefer jobs closer to home
Local employment means:
- Shorter commuting time
- Easier commuting with much less traffic
- Lower commuting expenses
Local employment often preferred over higher Minnesota salaries
- Assistance from the State of Wisconsin is available to find and train employees
- Training and education: schools, colleges and universities are located nearby
- More than 35 businesses are currently located in the Village of Hammond
For a printable workforce profile click here: www.dwd.wisconsin.gov/dwd/publications/dws/lmi/pdf/dwsi_14928_STC_e_p.pdf
To search for employment information visit the WI
Dept. of Workforce Development's Worknet at
www.worknet.wisconsin.gov/worknet
