revolving loan fund
Reviewing the city's loan pool, lending rules, balances, and job growth goals
Whether the city sets measurable job-creation documentation and follow-up reporting for borrowers, and whether any specific TIF districts are identified for possible closure or changes.
Typically discussed at Business and Industrial Development Committee - Community Development Authority. Check back when the next agenda is published.
Two Rivers’ revolving loan fund was reported at just over $1 million, with three loans being repaid (VT Industries, Pop Start Pizza, Violet Inn). The business committee also brought back a rule that borrowers must show they’re creating jobs, then later reviewed revolving-loan and TIF district balances and strategy without taking 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, and referenced a Dec. 2 status meeting.
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 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 action was taken on the revolving-loan fund and TIF district balance/strategy review.
Business and Industrial Development Committee - Community Development Authority