The City of Cuba City administers several programs to assist new and expanding businesses.
• Tax Increment Financing (TIF) is the principle economic tool, approved by the State of Wisconsin, that communities use to stimulate development/redevelopment. The City of Cuba City has established two Tax Incremental districts to encourage growth and improve infrastructure throughout Cuba City. Below are our recently updated TID maps.
• The Cuba City Revolving Loan Fund is a source of gap financing for working capital, equipment, inventory and building construction and renovation. Contact City Hall to discuss the application process. In general, a simple application is completed and submitted with a business plan, the revolving loan fund committee reviews the applications and will make a funding determination. If the committee approves funding, the application is then presented to the Cuba City City Council for final approval.
• The Facade Improvement Grant/Loan Programs provide assistance to business and property owners for the rehabilitation of signs and facades in the Cuba City Downtown District. Links to Program materials are included below.
- Façade Improvement Grant Program – Overview
- Façade Improvement Grant Program – Guidelines & Application
- Façade Improvement Loan Program – Guidelines & Application
- Façade Improvement Program – Downtown Design Guidelines
In addition, there are many other sources of financing and incentives that can assist a company in their location or expansion in Cuba City.
• The Grant County Economic Development Corporation (GCEDC) and Southwestern Wisconsin Regional Planning Commission (SWRPC) administer their own revolving loan funds to provide new and expanding businesses with a source of gap financing.
Information on the GCEDC program can be obtained here. Information on the SWRPC program can be obtained here.
• WPPI Energy, through its Shared Savings Program (SSP), offers up to $50,000 in low interest loans to businesses looking to make energy efficient improvements to their building/s. Information on the SSP can be obtained here.
• The Wisconsin Economic Development Corporation is the state’s lead economic development agency, working with more than 600 regional and local business development organizations to create customized solutions supporting economic growth. These solutions come in the form of capital investment, community development and partnership support.