The City of Milton offers a variety of economic incentives for business development.
Tax Incremental Financing
There are three Tax Incremental Financing (TIF) Districts in the community that offer benefits to businesses depending on the additional value that is anticipated to be generated for the district.
Small Business Development
The City of Milton developed the Small Business Development Loan Program with the assistance of two local banks, the Bank of Milton and First Community Bank.
The program can only be used for capital improvements of a new building or existing building structure. Land acquisition cost and/or building purchase expense will be considered in conjunction with the loan application. Inventory and/or personnel costs are not eligible expenses.
Download the Small Business Development application here
City of Milton Façade Grants
The Community Development Authority (CDA) and Milton Common Council have authorized the creation of this program. The purpose of the Façade Improvement Program is to encourage the upgrade and renewal of the exterior facades, signs and architectural features of existing commercial buildings within TID Districts that is sufficient in scope to produce visible improvements to building facades. The front, side and rear of buildings are included in this program.
The program provides grants for projects that will help maintain and enhance the overall attractiveness and commercial viability of the districts; as well as supporting the health and growth of individual businesses. The program is intended to provide financial incentives in order to spur individual investment into one’s own business and/or building. The grant funds are meant to serve an important yet secondary role to private financing for improvement projects.
Download the Façade Grant Application here
Additional incentives are available at the county, region, and state level. To learn more, visit the Rock County Development Alliance.