revolving loan fund
Two Rivers fund offering loans for small businesses and property fixes.
Whether the committee sets clear proof-and-follow-up steps for the job-creation rule and whether any specific TIF district closures or a Hamilton’s property move is brought back for a vote.
Typically discussed at Business and Industrial Development Committee - Community Development Authority. Check back when the next agenda is published.
Two Rivers’ business committee brought back a rule: if a business wants city-backed borrowing from the revolving loan fund, it has to show job creation. Staff also reported the fund sits just over $1 million, with three loans being repaid. The latest meeting reviewed revolving-loan and TIF district balances and strategy, but took no formal action.
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passed Business and Industrial Development Committee - Community Development Authority · Jan 27, 2026 Review of lending activity with the Two Rivers Revolving Loan Fund
Motion to reinstate the previous job’s requirement criteria of the RLF
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Staff reported the revolving loan fund balance was just over $1 million.
Business and Industrial Development Committee - Community Development Authority -
Staff reported three active revolving loan fund loans were being repaid: VT Industries, Pop Start Pizza, and Violet Inn.
Business and Industrial Development Committee - Community Development Authority -
Staff flagged 2026 work to analyze and possibly end some underperforming TIF districts.
Business and Industrial Development Committee - Community Development Authority -
Staff noted discussion about potentially acquiring the former Hamilton’s property, with a Dec. 2 status meeting mentioned.
Business and Industrial Development Committee - Community Development Authority -
Staff reviewed current revolving loan fund activity and the committee discussed using the program to support job creation in Two Rivers.
Business and Industrial Development Committee - Community Development Authority -
The committee voted all in favor to reinstate a prior requirement that revolving loan fund applicants must show they are creating jobs with the borrowed money.
Business and Industrial Development Committee - Community Development Authority -
The committee reviewed revolving loan fund and TIF district balances, including current commitments and remaining capacity, and staff walked through lending strategy and guidelines.
Business and Industrial Development Committee - Community Development Authority -
No formal action was taken.
Business and Industrial Development Committee - Community Development Authority