revolving loan fund
Reviewing the city's loan pool, lending rules, balances, and job growth goals
Whether the committee proposes specific edits to the 2019 manual and how the job-creation requirement will be documented and tracked over time.
Typically discussed at Business and Industrial Development Committee - Community Development Authority. Check back when the next agenda is published.
The city’s business committee is back in the revolving loan fund rulebook, last adopted in 2019. Earlier this year they unanimously brought back a rule that borrowers must show they’re creating jobs, and now they’re giving themselves a month to suggest edits to the manual.
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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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The committee reviewed revolving loan fund and TIF district balances, including current commitments and remaining capacity, and staff walked through lending strategy and guidelines; no action was taken.
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 the revolving loan fund manual last adopted in 2019 and generally agreed it was solid.
Business and Industrial Development Committee - Community Development Authority -
Staff said an editable version of the revolving loan fund manual would be circulated and members would have about a month to propose changes.
Business and Industrial Development Committee - Community Development Authority -
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