The City of Racine offers several assistance programs to assist business owners and homeowners. These offerings have specific requirements, please be sure to get in touch with staff before beginning a project, as all proposed work must be evaluated and prior to any work taking place. In addition to city-sponsored funding, a number of our partner organizations, including Business Improvement Districts, offer grant programs of their own.
Programs for Businesses
Program Name | Eligibility | Dollar Amount | Eligible Projects | Group Running Program | Contact Phone | Contact Email | Website or Application |
Programs Funded Via the City of Racine | |||||||
Microenterprise Loans | Low-Moderate Income Microenterprise (6 or fewer employees, owner operated) | Up to $15,000 forgivable | Low to Moderate Income Microenterprises | Legacy Redevelopment Corporation | 262-323-0504 | ||
Microenterprise Grants | Low-Moderate Income Microenterprise | Up to $15,000 | Low to Moderate Income Microenterprises | WWBIC | 262-898-5000 | ||
Other Racine Economic Development Services | |||||||
WWBIC Lending | Small Businesses (1-500 employees) | Loans size determined based on need and capacity | Small Businesses | WWBIC | 262-898-5000 | ||
Legacy Redevelopment Corporation | Small Businesses (1-500 employees) | Loans size determined based on need and capacity | Small Businesses | LRC | 414-343-0163 | ||
Racine County Economic Development Corporation (Business Lending Partners) | Small Businesses (1-500 employees) | Loans size determined based on need and capacity | Small Businesses | RCEDC | 262-898-7420 | ||
Programs for Homeowners
Program Name | Eligibility | Dollar Amount | Eligible Projects | Group Running Program | Contact Phone | Contact Email | Website or Application |
TID Homeowner Repair and Enhancement Grants | Must reside within a Neighborhood Tax Increment District (TID) and be the owner occupier of a one or two unit dwelling | Homeowner repair program - $1,000 mimimum $10,000 maximum, requires 10% match from owner | Home repairs and improvements | City of Racine Department of City Development | 262-636-9151 | ||
CDBG homeowner loans | Low-Moderate income, owner occupier of a one or two unit dwelling | $3,000-$50,000 per property for home rehabilitation (repair work). | Home repair loans | City of Racine Department of City Development | 262-636-9197 | ||
CDBG Multi-unit loans | Owners of multi-unit buildings | $3,000-$50,000 (4 units or less) - Must contribute 25% of the project cost - 51% Tenants must be low to moderate-income | Multi-unit Rehab Loans | City of Racine Department of City Development | 262-636-9197 |