Thursday, July 15, 2010

THRIVE Releases "Capital Connections Inventory" (THRIVE/Wisconsin State Journal)

One of the barriers that companies and communities face when seeking economic development funding is the lack of concise, accessible information - there just isn't time to identify and understand each of the hundreds of programs that are available.

To address this barrier, Thrive has created a comprehensive inventory of financial tools that are available for businesses and economic development projects in the 8-county Madison Region. The inventory includes over 350 financial programs available at the federal, state and local levels to businesses, communities, and nonprofits. This inventory, coupled with Thrive's expertise, will allow businesses and communities to quickly identify appropriate financial resources.

The Capital Connections Inventory is free, and Thrive staff is here to help businesses and communities identify programs that fit their needs.

The inventory includes a brief description and basic eligibility criteria for each program. It also includes typical program terms such as loan or grant amounts, loan amortization periods, interest rates, and contact information. When a business owner walks through the door at Thrive, he/she will know what is available and if their project is eligible. If the business chooses to seek funding, it will receive skilled and informed support from the staff at Thrive.

Existing regional businesses, businesses interested in locating in the region, and local communities are encouraged to contact Thrive for assistance in accessing the region's diverse financial resources.

For more information about how you can use the Capital Connections Inventory, contact:

Brad Elmer, Project Director, 608-443-1967

Thrive is the economic development organization for Dane, Rock, Green, Iowa, Sauk, Columbia, Dodge and Jefferson counties.

Click here to read the full article in the Wisconsin State Journal.

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