The actual amount of job credits is dependent upon wages and benefits. One-third of the allocated job credits must be claimed for jobs that are filled by target group members. Revolving Loan Fund A community development block grant for economic development was awarded to Price County in 1996 and again in 1998. This grant enabled Price County to establish a revolving loan fund in order to assist local entrepreneurs with their business ventures. It is targeted at the timber and wood products industry, tourism and other manufacturing and service industries.
Application is made through the municipality.
Funds may be used for soft costs only, such as planning, engineering, ad marketing assistance. These are administered through local units of government for the benefit of the local economy and, indirectly, private enterprise. Employee Ownership Assistance Loan Program, administered by the state Department of Commerce, makes loans to employee groups seeking to determine the feasibility of such employee group purchasing an existing or recently closed Wisconsin business. Working capital and inventory. Site preparation and construction, reconstruction or installation of buildings and fixed equipment.