Services: Incentive and Financial Resource Programs

Contact: Jim Caesar, Executive Director- The Development Association

Address: 205 Belknap St , Superior, WI 54880

Phone: 715.392.4749



To promote economic growth in Douglas County through recruitment, expansion and retention of business and industry.

Loan Amount
Up to $50,000.

Eligible Applicants
Funds available to qualifying businesses within Douglas County, WI.

Other Funding Required
At least one job per $5,000 of RLF financing, or one job per $8,000 of RLF financing for each commitment to hire JTPA-eligible persons.

Other Special Requirements
The RLF board will not consider jobs created prior to its final approval for job creation; investment prior to its approval as equity contribution; or financing disbursed prior to their approval as participation financing.

Allowable Use of Proceeds
To purchase land, building, equipment; and working capital.

Term of Loan
Terms are variable within an average 5-7 year payback for equipment, working capital, and 7-10 years for buildings.

Interest Rate
2% below New York prime.

Turnaround time generally 30-60 days.

Douglas County Revolving Loan Fund serves the Northland, Duluth MN Superior WI MSA, and Douglas county areas.