This section provides links to a handful of practical resources that may help your business. If there is something specific you are looking for, please feel free to contact our office for more assistance.
WCEDA LOAN PROGRAM
Are you having trouble getting a loan? Are your revenues under $1 million? WCEDA may be able to HELP. We have a loan program through the USDA for small businesses called the HometownEntrepreneur Loan Program (HELP) that aims to help small business access capital. Many times we can work with banks or other programs like SBA or WHEDA to make a loan work for companies.
EIDL BORROWERS TO RECEIVE PAYMENT DEFERMENT
This deferment extension is effective for all COVID-EIDL Loans approved in calendar years 2020, 2021, and 2022. Loans now have a total deferment of 30 months from the date of the Note. Interest will continue to accrue on the loans during the deferment.
MAIN STREET BOUNCEBACK GRANTS - OPEN UNTIL JUNE '22
The Main Street Bounceback Grants program provides $10,000 to new or existing businesses and non-profit organizations moving into vacant properties in Wisconsin’s downtowns and commercial corridors. Funds can be used to pay leases or mortgages, operational expenses and other business costs related to the newly opened location. WCEDA is willing to write letters on behalf of local businesses. Email derek@walworthbusiness.com
MORE MONEY IN YOUR POCKET - LITTLE KNOWN NEW TAX CREDIT
New law extends COVID tax credit for employers who keep workers on payroll. The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. Quick overview:
COVID-19 FEDERAL RURAL RESOURCE GUIDE
USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. These programs can support recovery efforts for rural residents, businesses and communities through: technical, training, and management assistance, financial assistance, and state and local assistance.
ATTENTION ALL INVESTORS - OPPORTUNITY ZONES ARE HERE
Former Gov. Scott Walker approved 120 zones across 40 counties in rural and urban parts of the state, two of which are in Walworth County in the City of Whitewater. The Wisconsin Economic Development Association reported that the program “is designed to drive long-term investment to low-income communities by providing investors with certain tax incentives when they re-invest unrealized capital gains in designated Opportunity Zones.”
FREE WI Digital Job Board
WCEDA has a strong relationship with all the schools in Walworth County, so we want to make you aware of an opportunity that the Elkhorn School District is offering. At this time, this is a FREE service for businesses, so give it a try!
The Elkhorn Area School District has recently partnered with numerous school districts to launch a digital Jobs board for our community that allows students, parents, and families full access to local jobs. This service will allow quick and direct access to local employment vacancies, ensure our employers have a free location to post their vacancies and Youth Apprenticeship needs and allow the school district, local employers, and other employment and economic agencies to collaboratively fill the Walworth County employment pipeline.
If you have entry-level jobs or are in need of Youth Apprentices, please CLICK HERE. It is free to post a job for 365 days a year and you can manage your job posting as you fill them or have increased openings. Your job postings will be accessible to over 7,000 students at this time.
Once on the website click: Employers > Post a job
Then the system will walk you through posting a job
Questions? Contact Chris Trottier
Mr. Chris R. Trottier
Director of School to Work Opportunities
"Lead Learner"
Elkhorn Area School District
