Community Development Block Grant (CDBG) &

Home Investment Partnerships (HOME) Programs

Dane County
Office of Economic & Workforce Development

About

The Office of Economic and Workforce Development offers low-interest loans to businesses and organizations located outside of Madison that commit to creating or retaining jobs for low- and moderate- income residents of Dane County.  CDBG loans are generally intended for high-risk borrowers that have difficulty securing financing from non-federal sources.  Loans must be used for eligible CDBG activities, including (but not limited to): fixed assets; machinery and equipment; and working capital.

Dane County Revolving Loan Funds

Dane County has two revolving loan funds (RLFs) that have separate, on-going application cycles.  Both funds have been crucial in providing funding for small business development and expansion in the Dane County Urban Consortium.

  • Commercial Revitalization Loan Fund (CRLF) provides financing to businesses and real estate development projects that help revitalize downtown and commercial districts.
  • Economic Development Revolving Loan Fund (ED-RLF) provides gap financing to businesses that create jobs, 51% of which must go to low-and moderate- income persons.

The objectives of the RLF programs are to:

  • Expand or modernize existing or locally owned and managed enterprises.
  • Promote infill development and commercial redevelopment in downtown and traditional business districts.
  • Encourage the creation or retention of employment opportunities for low and moderate income County residents.
  • Leverage new private investment in downtown business districts and traditional business districts.
  • Promote developments that are pedestrian friendly, that encourage a range of transportation options, and that enhance civic life.
  • To implement Dane County and local community revitalization goals and objectives.
  • Assist businesses with high-value added products or services, especially in the agricultural sector
  • Assist dairy farmers with capital improvements resulting in an increase in milk production.

Loans are available to for-profit businesses, not-for-profit organizations, and municipalities, outside the City of Madison.