Waukesha, WI — First Federal Bank has committed $250,000 to the GROW Fund, a revolving loan fund administered by the Waukesha County Center for Growth. This investment brings the GROW Fund’s total capital to $11.25 million, furthering its mission to support business expansion and workforce housing development throughout Waukesha County.
The GROW Fund is a public-private collaborative designed to help meet the community’s evolving credit needs while advancing the economic prosperity of the region. The fund provides flexible financing to two types of eligible applicants:
• Businesses—particularly manufacturing, service, and other commercial establishments—looking to expand or locate within Waukesha County.
• Developers undertaking housing projects that will support workforce growth and talent attraction.
“We are proud to invest in the GROW Fund and in the future of Waukesha County,” said Edward Schaefer, CEO of First Federal Bank. “This investment reflects our long-standing commitment to supporting both local businesses and the development of housing solutions that meet the needs of a growing workforce. It’s about strengthening our communities and helping families and businesses thrive.”
The GROW Fund is a key economic development tool for Waukesha County, providing gap financing for projects that stimulate investment, create jobs, and add to the region’s housing stock.
“First Federal Bank’s contribution is a strong vote of confidence in the GROW Fund’s impact,” said Therese Thill, Executive Director of the Waukesha County Center for Growth. “This kind of collaboration between the financial sector and economic development community is exactly what it takes to fuel long-term growth and prosperity. We are grateful for their partnership and leadership.”
For more information on the GROW Fund, visit www.waukeshagrowth.org.
About First Federal Bank
First Federal Bank is a community-focused financial institution committed to supporting individuals, families, and businesses across Wisconsin. With a strong legacy of service, the bank delivers a full range of banking solutions with a personalized approach.
About the Waukesha County Center for Growth
The Waukesha County Center for Growth is the economic development organization for Waukesha County. Through strategic partnerships and targeted programs like the GROW Fund, the Center helps businesses start, grow, and thrive in the region.
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