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The Retail
Investment Fund (RIF) is limited to funding retail development
projects, located in neighborhood business districts.These businesses
cannot be home-based.
The size of a
RIF grant is determined by the size of the project, private
investment, and job creation. In most areas there is a $5,000 per FTE
job grant limit. Projects in Targeted Investment Neighborhoods (TINs)
are eligible for up to $6,000 per FTE grant.
The RIF program
is a reimbursement program. The grantee will be reimbursed for
eligible pre-approved grant related expenses. Grant funds cannot be
disbursed until all conditions of the grant contract have been
fulfilled, including job creation.
For more information, email
rmanue@milwaukee.gov.
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