NOW:53110:USA00949
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA00949
28°
H 28° L 18°
Partly Cloudy | 17MPH

Cudahy Rolls Out the Welcome Wagon to Draw Small Businesses to Packard Avenue

Jan. 21, 2010

The City of Cudahy has put together an incentive program totaling thousands of dollars in an effort to attract unique, small businesses to Packard Avenue.

 

“Packard Avenue has long been known for its distinctive, independent retail and service businesses,” said Cudahy Mayor Ryan McCue. “But the reality is we have a lot of empty storefronts right now that we’d love to fill and we MUST fill.”

 

The Welcome Wagon package allows business-owners to choose from grant, loans and incentive options that could add up to $57,300. The options include:

 

• $3,000 design grant

• $25,000 matching construction grant

• $10,000 lease buy-out

• Loans up to $25,000 at 2% interest

• $500 in moving assistance

• $300 in business training

• $2,500 for a grand opening celebration

 

Cudahy will award Welcome Wagon packages to the first five accepted applicants before July 31, 2010. The retailers must move into property along Packard between Cudahy and Holmes Avenues.

 

Lara Fritts, Director of Economic Development, says the City is keenly aware that times remain tough for small businesses.

 

“This program will give start-up or relocating retailers a leg-up if they come to Packard Avenue, and we are fully committed to helping them succeed over the long term,” Fritts said. “These grants, loans and incentives will not only help new retailers open their doors in Cudahy, but also help them become more profitable and more educated business owners.”

 

Landlords must apply for the incentive package along with their prospective tenants, to show that they are as committed as the City to helping these new retailers thrive. Among the program’s requirements: leases must be at market rate with appropriate escalation clauses, to ensure that rents do not skyrocket.

 

Qualifying businesses must meet the 2010 Cudahy Comprehensive Plan and the 2009 Cudahy Market Analysis, and be approved by the Community Development Authority (CDA).

 

Mayor McCue says Cudahy has already made great strides toward improving the curb appeal and character of the downtown area.

 

Last summer the City launched its Façade Improvement Program, awarding up to $28,000 in design and construction grants to help commercial business and property owners reinvest in existing properties.

 

The first ten Façade Improvement Grants went quickly. Ten additional grants are available.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Milwaukee police arrest suspect in south side bank robbery 03:18 PM

» Roundy's decides not to renew lease on Racine Pick 'n Save store 3/26

» Recall committee calls Franklin alderwoman a 'wicked witch' in flier 3/26

» Oak Creek High School track to be named after Jerry Anstett 3/26

» Fatal shooting under investigation in South Milwaukee 3/26

» Young Entrepreneurs Academy to pilot program at Greendale High 3/25

» Franklin High School seeks preschool-ready children 3/25

» Franklin Health Dept. asks residents to check home for radon levels 3/25

» New scholarship available to Franklin students pursuing careers in the arts 3/24

» Greendale High School educator, student recognized by Kohl Foundation 3/24

» Oak Creek's Drexel Town Square lands $1 million state grant 3/24

» St. Francis considers plan to reduce tax district debt 3/24

» Kayla's Krew gets caught in middle of playground fight over site options in Franklin 3/23

» The Sprint Episode Three: WIAA state basketball tournament retrospective 3/23

» Oak Creek reports former alderwoman Betty Kopplin has died 3/23

» Pleasant View Elementary seeks graduate memories for 50th anniversary 3/23

» Franklin mayor vetoes Froemming Park location for Kayla's Krew, calls for special meeting 3/20

» Strada Pizza due to open this weekend in Bay View 3/20

» Airport unveils 3 lactation stations for nursing moms 3/19

» Chick-fil-A proposed for Drexel Town Square approved 3/18

» Franklin targets Froemming Park for Kayla's Krew playground, county approval uncertain 3/17

» Chick-fil-A approved for Drexel Town Square, conditions and restrictions not yet specified 3/17

» Franklin officials applaud new expansion of cramped water and sewer facility 3/17

» Oak Creek still collecting donations for city time capsule 3/17

» Special meeting regarding 27th Street Reconstruction project to be held in Franklin 3/17

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT