Chetek Industrial Sites – The purchase price for industrial sites is negotiable.Adjustments to the purchase price are made for job creation and investment. The final total cost per acre depends on the number of jobs and the overall investment.
An estimate of the cost for a 10 acre site includes:
Land 10 acres @ $20,000/ acre $200,000
Building Value Credit $5000/100,000 value (5000×12) 60,000
Job Creation Credit $5000 per job (30×5000) 150,000
Net Land Cost $ 0
In addition to the Wisconsin Department of Commerce Financing programs, the City of Chetek is part of the Regional Revolving Loan Fund. Chetek’s Economic Development Committee is always interested in assisting businesses. For more information and assistance, contact Jim Metcalf @ Sterling Bank 715-924-4817.