The City of Sturgeon Bay and Door County are joining forces to help economic development projects. The Finance/Purchasing and Building Committee gave final county approval of an agreement for a Sturgeon Bay-Door County Economic Loan program. It would combine $1.4-million in the county's Community Development Block Grant Economic Development revolving loan fund with the city's $875,000 in similar block grant funding. The city would also provide an additional $875,000 over the 15-years of the agreement.
County Administrator Ken Pabich says combining economic development funds just made sense.
Sturgeon Bay City Administrator Josh Van Lieshout agrees and says without taking action some needed economic development money for projects like the West Side School apartments would be forfeited.
The Sturgeon Bay/Door County Economic Development Loan Program agreement now goes to the full Sturgeon Bay Common Council Tuesday, March 2nd for final city approval.