(Beaver Dam) A new business coming to Beaver Dam will be getting a downtown revitalization grant. The city’s Community Development Committee Wednesday approved a $5000 New and Expanding Business Grant for Mill House Quilts, which is moving into the former Book World store front at 116 Front Street.
Beaver Dam Area Development Corporation Vice President Trent Campbell says Mill House Quilts is a good fit for the city that meets the goals identified for benefiting the downtown. Mill House Quilts, which also has a store in Waunakee, is slated to have a soft opening in Beaver Dam as early as November 1.
The funding for the grants is generated through Tax Increment Finance District #6, which is a blighted district meaning revenue generated from within the TIF can only be used in the downtown area for efforts including revitalization. Projections for the TIF estimate up to $620-thousand dollars in anticipated revenue; $110-thousand dollars in grants has already been awarded. Unspent funds total around $510-thousand dollars but the city has committed money to outstanding projects that have been delayed because of the pandemic, resulting in an available balance of $393-thousand dollars.