Create Your Own Opportunities (CYOO) Program
Provides expertise and knowledge to those interested in creating and establishing a small business for help in creating a business plan, developing marketing strategies, expending business skills, learning management tools, and more!
The Create Your Own Opportunities (CYOO) Program supports individuals who are ready to become business owners by offering business skills training and one-to-one business coaching designed to enhance our clients success. The objective of the Create Your Own Opportunities Program is to support participants in their pursuit of becoming a small business owner and the expansion of their business through job creation.
Training and Coaching Services include:
- Business budgeting, bookkeeping and financial projections
- Business networking skills
- Business plan creation
- Feasibility studies
- Locating financial resources
- Marketing plans and budgets
- Project management
- Sales skills
- Strategic planning
- Team development and human resources skills
- Additional ongoing business assistance
Must have an annual income at or below 185% of the Federal Poverty Guidelines. Use our eligibility calculator to find out if you may be eligible for this program.
Also please fill out our Intake Form here.
Provides low-moderate income homebuyers with a maximum of $10,000 (based on program affordability) for down payment and closing costs through a non-interest bearing loan.
- Brown (excluding the city of Green Bay)
The Homebuyer Program provides eligible low-moderate income homebuyers with a maximum of $10,000 (based on program affordability) for down payment and closing costs. The funds will be in the form of a non-interest bearing loan, which will be repaid to Newcap upon the sale of the home or when it is no longer the primary residence. Applicants will be served on a first-ready, first-served basis as funds are available. First-ready, first-served clients would have to have an accepted offer to purchase and funding approval from a financial institution.
Applicants must be at or below 80% of the current County Median Income, be bankable with a lending institution, and complete a Homebuyers Education Program. Use our eligibility calculator to find out if you may be eligible for this program.
Fill out an online application here:
Please also fill out of Intake Form here.
Rural Economic Area Development Initiative (READI) Program
Provides loans or grants to businesses to start or expand and to train workers.
Newcap has recently been certified as a Community Development Organization and are assembling regions to apply for these development funds.
Region 1: Marinette, Oconto and Florence counties;
Region 2: Shawano, Langlade, and Menominee counties; and
Region 3: Brown County.
We are thrilled to have the opportunity to bring these funds to our communities in order to create jobs and improve the lives of our residents and communities. We are even more excited that, when repaid, these funds will get used over and over again for these goals in our area!
As a CDO, Newcap’s new Project Review Committees will make loans to eligible businesses and developers. READI applications must include both an economic development project as well as a housing project. We plan to include a jobs training component as well. Grantees may receive up to $1 million, as follows: $500,000 for Economic Development, $300,000 for Workforce Housing, and $200,000 for Job Training.
CDBG funding requires that all projects must meet one of three National Objectives; however, under READI, all projects must benefit of persons of low and moderate income (LMI).
1 Economic Development Priorities under READI: facilitate economic development and job creation for low to moderate income (LMI) persons.
2 Housing Priorities under READI: rehabilitate and/or expand housing stock in rural communities to ensure housing opportunities exist for low to moderate income households.
3 Job Training Priorities under READI: provide training resources and opportunities which ensure that LMI individuals have the necessary skills for the newly created positions.
Newcap is actively seeking economic development projects that are new or are expansions of existing businesses and are seeking additional funding for your project to get across the finish line!