EDC Hosts September 8th Conversation on the Regional Business Fund
Please join St. Croix EDC on Wednesday, September 8th starting at 11:00 a.m. for an informative conversation on the Regional Business Fund (RBF), a flexible source of financing for new and expanding businesses in the seven county region of west central Wisconsin, including St. Croix. The presentation will run for approximately 60-minutes with time for questions throughout.
The RBF was launched in 2007 following a couple years of conversations with units of local government possessing loan funds capitalized by community development block grants (CDBGs). The former Wisconsin Department of Commerce selected the west central region of the state as a pilot program to consolidate numerous community loan funds into a single fund.
Over time, the RBF has been acknowledged as a model program for the administration of supplemental loans across a region in support of new business start-ups and continued capital investment by existing ones.
The program has changed slightly over time, so lenders, local economic development organizations, and expanding businesses will appreciate the updates from RBF staff.
Tobi LeMahieu, the RBF’s fund manager and loan specialist Heidi Biesterveld will lead the discussion.