Starting price for land in Industrial/Business Park is $20,000 per acre.
Jobs Created or Retained
10 or less jobs: $ 750 per job
11 to 25 jobs: $1,250 per job
26 to 50 jobs: $1,750 per job
51 to 100 jobs: $2,250 per job
101 or more jobs: $2,750 per job
A job is FTE or 40 hours per week.
Jobs created over a 2-year period Verified by State Employment Records.
Investment in new building or other assessable improvement (verified by City Assessor Est.): $225 per $10,000
Minimum price per acre (after credits have been applied): 0
Other Potential Incentive Programs
Revolving Loan Fund (RLF)
The City of Shawano offers financial assistance through its Economic Development Revolving Loan Fund Program to businesses wishing to establish or expand in the City. Applicants must leverage a minimum of $1 of private funds for every $1 of loan funds requested. At least 1 full-time permanent position must be created or retained for every $20,000 of program funds requested. Maximum loan amount is $100,000 and current rate is not less than 4% for a term of not more than 10 years.
Tax Incremental Finance (TIF)
Many of the City of Shawano's business and industrial parks are located within current Tax Incremental Finance Districts. Infrastructure, site preparation and other financial assistance tools may be available.
Industrial Development Revenue Bonds (IRB)
The City of Shawano has participated with many local industries in issuing Industrial Development Revenue Bonds. Additional information is available from the City Administrator's office at 715-701-8908 or from Shawano County Economic Progress, Inc. at 715-526-5839.