The Federal Reserve's recent interest rate cut, along with predictions of more cuts by year-end, may lead you to believe that 2025 will bring smooth sailing. However, this view is worth a closer look. While inflation has eased, we're still emerging from a period of high inflation that has pushed most prices significantly higher [...]
Let’s debunk some common myths about the Washington County IMPACT Loan Fund. Wait. Pump the brakes. What is the Washington County IMPACT Loan Fund?? EDWC administers the IMPACT loan fund, which provides low-cost financing primarily to existing companies growing or relocating their businesses in Washington County. Our funds are readily available in amounts $100,000 – [...]
Tis the season for looking back, predictions and resolutions. Your inbox and newsfeeds are likely ripe with economists, pundits and prognosticators offering their wisdom on what to expect in 2024 while your podcast notifications are pinging you with ideas on how to set and keep New Year’s resolutions. I’m willing to bet, though, that [...]
For fast-growing Washington County businesses or businesses looking to relocate to Washington County, a loan from the Washington County Impact Revolving Loan Fund (RLF) may be the key to getting your financing deal across the finish line. We're answering common questions about how this subordinate financing program works. What is EDWC’s subordinate financing program? Loans [...]
Tax Incremental Districts (TIDs), often known as Tax Increment Financing (TIF) districts, are a powerful tool that local governments can utilize to foster vibrant communities and promote economic growth. Designed as a tool to promote growth, particularly in blighted or underdeveloped areas, TIDs have proven to be a catalyst for beneficial change. Still, misunderstandings and [...]
Capitalize on Opportunity Offered by Changed Lending Landscape You need only grab a beer with fellow business leaders or get a haircut at the local barber to find yourself amid buzz on how the lending environment is becoming more challenging to navigate…tightening credit requirements, cautious bankers, and continued upward pressure on interest rates. This felt [...]
While often used interchangeably, a Tax Incremental District (TID) and Tax Incremental Financing (TIF) have distinct meanings. Tax Incremental Districts (TIDs) and Tax Incremental Financing (TIF) collectively are economic development tools used by local governments to promote development and redevelopment, thus stimulating growth in carefully targeted areas. A Tax Incremental District (TID) is a specific [...]
EDWC recently facilitated financing through the Washington County Impact Revolving Loan Fund to help Norse Building Products improve employee safety and increase manufacturing efficiency. Businesses in Washington County often turn to EDWC when looking to build a new facility, add onto an existing building, or re-locate to and outfit a building in Washington County. Usually [...]
EDWC is not your typical economic development organization. Don’t get us wrong. We started out that way. But we took a hard look at the work we did for our Washington County, Wisconsin municipalities and decided there was a better way to deliver maximum value to every municipality. Here’s how we do economic development differently [...]
EDWC recently worked closely with Kurt Kappeler, CFO, on structuring the financing for MOTIS Brands, Inc.’s new manufacturing center in Germantown. The facility will support the accelerated growth of MOTIS and several of its Brands. The new facility, located in the Germantown Gateway Corporate Park, should be ready for occupancy in Spring 2023, and the [...]
