City Council plans new fund to boost small businesses

During the recent government meeting, key discussions centered around the approval of the consent agenda and upcoming budget discussions. The council unanimously passed the consent agenda, which included items from the Business Improvement District, Plan Commission, and Historic Preservation.

Alderman Alderson Green initiated a motion to approve the consent agenda, which was seconded by Alderman Wetzel. The roll call vote confirmed unanimous support from all members present.

Following the consent agenda, the meeting transitioned to department reports, where department heads provided updates and answered questions. A significant highlight was the preliminary schedule for the Finance Committee's budget discussions, which will commence with a focus on utilities and capital improvements. Alderman Bernander noted that the first meeting will address funds outside the general fund, while subsequent meetings will delve into the general fund, which is expected to require more extensive deliberation.

Steve Sobiak, a department head, reported on the Community Development Authority's upcoming meeting scheduled for September 24th. He emphasized a potential grant opportunity from the Wisconsin Economic Development Commission, which could provide up to $250,000 to establish a new revolving loan fund. This initiative aims to support small businesses and startups, filling a gap left by the previous elimination of the city's revolving loan fund.

Overall, the meeting underscored the council's commitment to enhancing local economic development and preparing for the upcoming budget cycle.