Business Incentives & Assistance

The City of Muskego strives to find new and exciting ways to help close the financing gap and make new development and redevelopment projects work for new/existing businesses in the community. Below you can find links to different ways businesses in Muskego may find financing support. Support may be found in the form of grants, loans, TIF Districts, or various outside-the-box ways to fit your needs. Even if a program below doesn't work for you please don't hesitate to call 262-679-4136 to see if another mechanism might work. 

Muskego Incentives

  • Muskego Revolving Loan Fund : Available city wide. Someone may receive a low interest (rate of 50% of current prime) loan up to $100,000. Caveat is that for every $20,000 borrowed at least one full time equivalent job must be created during the life of the loan. Monies mainly reserved for purchases of expansions and business equipment but monies can be used for construction efforts and working capital. See past approvals here.
  • Commercial Building & Site Grant Program (Application) / Commercial Building & Site Loan Program (Application): Available in Redevelopment Districts #1 & #2. A business may receive a $3,000 matching grant or up to $25,000 low interest (rate of 50% of current prime) loan. The program is mainly tailored toward improvements that increase the aesthetic value of passersby of the properties. Past Approvals have included full rebuilds, signage improvements, landscaping enhancements, and facade improvements. See past approvals here.
  • Business Park Grant Fund: Available in Redevelopment Districts #1 & #3 in the Tess Corners Business Park and the Muskego Business Park. A business may up to a $5,000 matching grant towards activities producing a visible positive change to buildings or sites. The goal of the monies is to foster projects that will aid in making the parks a better place to do business and hopefully foster other property owners to take pride and renew their prospective properties or structures as well.
  • TIF Incentives: The City currently has three active Tax Incremental Finance Districts (TIF) around commercial activity areas. TIF 8 along Janesville Road in the city's downtown, TIF 9 along Janesville Road in the Tess Corners area, and TIF 10 in the City's Moorland Corridor area. The city has actively thought outside the box with incentive techniques within these TIF areas and would entertain financing ideas that better each TIF (grants and/or loans).
  • Industrial Revenue Bonds: The City is willing to work with eligible manufacturing businesses to secure industrial revenue bonds. Basically, the city sell bonds on behalf of the developer and the proceeds then go to the business to finance their project with the recipient being directly responsible for repayment. Industrial Revenue Bonds are a good tool for larger projects that need substantial funding for start-up or expansion.
  • Business Recruitment Rewards Program: Get paid upwards of $5,000 if you successfully bring a new business to Muskego. This is essentially a finder’s fee and both residents and brokers are eligible.

Other Financing Programs 

  • Waukesha County Economic Development Corporation (WCEDC)
  • Wisconsin Economic Development Corporation (WEDC)
    • Full Assistance Summary
    • Tax Credits: Credits used dollar for dollar to offset C-Corp or S-Corp income tax liability. In certain cases where the company (C-Corp or S-Corp ) has no tax liability but where there is quality job creation, the state may grant refundable tax credits (grant).
    • Loan Guarantees: Partnership with lenders to guarantee a portion of small business loans.
    • Technology Development Loans: Loans to growth companies to facilitate research and development and commercialization of innovative technology products. Applicants must have fewer than 100 FT employees and provide a cash match of 50-70% of the project. Terms are customized both to the project’s needs and risk.
    • Training: Grant assistance for various training activities that improve the long-term skills of a company’s workforce and for projects that meet their investment priorities.
    • Angel/Venture Investment Tax Credits: Early-stage businesses conducting pre-commercialization activities related to proprietary technology may be designated as Qualified New Business Ventures. Angel investors, angel investment networks and venture capital seed funds may qualify for Wisconsin tax credits by investing in these designated companies.
  • Forward Wisconsin: WI Grant/Loan Resource
  • Energy Incentives-Focus on Energy: Find all sorts of grant and loan business energy efficiency opportunities from the Wisconsin Utilities.
  • Wisconsin Business Development (WBD):
    • SBA Loans Administration: Program to help businesses purchase or expand commercial real estate and acquire equipment while preserving working capital. Loans put such fixed-asset projects within reach for small businesses by requiring lower down payments than conventional financing and providing long-term, fixed-rate interest rates. It also reduces the risk to lenders through its structure as second mortgage financing.
    • Loan Guarantees: Partnership with lenders to guarantee a portion of small business loans.
  • Small Business Administration (SBA): Variety of small business lending options. WBD above can aid in assembling these programs in most cases. Loan types can have varying terms/interest rates (504), can be express loans (7a - SBAExpress), some availability of loans for military personnel and veterans (Patriot Program) looking to open a small business and many others. Surety Bond Program also available to guarantee bid, performance and payment bonds issued by surety companies. This Federal guarantee encourages surety companies to bond small businesses who are having difficulty obtaining bonding on their own.
  • WI Woman's Business Initiative Corp.: Loans to small and micro woman owned businesses up to $100,000.
  • Angel Fund Networks: Groups who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. Share research and pool their investment capital, as well as to provide advice to their portfolio companies. Over 17 statewide but here are some local ones:
    • Wisconsin Angel Network: Helps build early-stage capital capacity throughout Wisconsin, increasing the number and amount of equity investments in Wisconsin's entrepreneurs.
    • IQ Corridor Angel Network: Focuses on making investments that would lead to the development of high-wage jobs in the Waukesha, Wisconsin area. Contact Waukesha County Economic Development Corporation at (262) 695-7900 for more information.
    • Silicon Pastures: Based in Milwaukee, Wisconsin, a network of angel investors and strategic partners for emerging businesses, especially those in the Midwest. Contact Director Teresa Esser at (414) 771-4350 for more information.
    • Golden Angels Investors
    • Successful Entrepreneur Investors LLC (SEI): A Milwaukee-based angel network bringing investors together with start-up companies to assist in creating an innovation economy in Wisconsin. For more information, contact Daniel J. Steininger at (414) 430-2204.
    • Women Angels: A Milwaukee angel group of women who invest in women-owned businesses, will begin considering deals in September, 2005. For more information, contact Barbara Boxer at (414) 298-8173.
  • Public Finance Authority Bonds: Government entity established to issue tax-exempt conduit bonds for public and private entities nationwide. PFA partners with private borrowers and local governments to provide tax-exempt financing for public benefit projects that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities.
  • Foreign Trade Zone #41: For exporting and importing companies. Benefits may include: duty deferral, reduced custom entry and processing fees, duty elimination, duty reduction and lower costs on fees, and taxes administration.