Dane County Executive Kathleen Falk on Monday announced that the county was awarded $12.8 million of Recovery Zone Facility bonds that will help companies considering locating to or expanding in Dane County.
The federal government, through the American Recovery and Reinvestment Act economic stimulus program, created an incentive for projects in communities experiencing economic and fiscal distress. The program allows private companies to borrow using RZF bonds to finance projects. Falk and the Dane County Board of Supervisors formally designated the county as a recovery zone by resolution in September.
The first potential use of the bonds may be Dane County’s manure digester project in Waunakee. Dane County is working with the project’s private owner, SCC Americas, and developer Clear Horizons LLC, Milwaukee, on the project’s financing plan.
A county press release said many businesses have approached Dane County in the past several weeks seeking economic assistance with development and expansion of their businesses.