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
60°
H ° L °
Partly Cloudy | 9MPH

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

» Fast start leads Homestead baseball team into state finals with 7-5 win 7/25

» DJ's Court Tourney held Saturday 7/24

» BMX, skateboarding competition canceled Saturday in Oak Creek 7/23

» Oak Creek baseball team rallies big 7/19

» Search of phone leads police to suspects in South Milwaukee gun thefts 7/17

» South Milwaukee registers sewage overflow into Lake Michigan tributary 7/15

» City delays decision on $1.2 million claim involving detective 7/14

» Tesla settles lemon lawsuit, agrees to pay Franklin man $127,000 Updated:  7/14

» Suzy's Cheesecakes facility wins final Oak Creek approval Updated:  7/9

» We Energies seeks to modify Oak Creek power plant 7/8

» 5 Wisconsin men caught with 100 walleye over limit in North Dakota 7/5

» Sustachek's no-hitter lifts Oak Creek baseball team to GMC title 7/3

» Patrick Cudahy statue to be rededicated for park's 100th anniversary 7/3

» Hales Corners CPA charged with federal tax fraud Updated:  7/2

» Falls pitcher Ty Weber strikes out 12 in 4-3 win over Oak Creek 6/24

» Bartolottas' Miss Beverly's Deluxe Barbeque is opening July 11 in Greendale 6/24

» Woman arrested after rubbing feces on wall of boyfriend's home 6/24

» Police called when large fight breaks out at bar 6/23

» Milwaukee suburbs Fourth of July 2014 celebrations 6/20

» Turchin's grand slam lifts Oak Creek baseball team past Franklin, 6-2 6/19

» Social media photos of the June 18 storms around Southeast Wisconsin 6/18

» Fire destroys trailer home in Franklin 6/14

» 2nd suspect sought in string of armed robberies, carjacking Updated:  6/12

» Joy Global expands into Oak Creek 6/12

» Woman arrested for drug trafficking after police find drugs in her hotel room 6/12

View All Posts Got a tip? Welcome rss
Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Local Business Directory

CONNECT