Business View Magazine - January 2024

in funding, including $1 million of phosphorus reduction priority principal forgiveness and $832,500 of general principal forgiveness, with the remainder through a loan with a reduced interest rate. Denmark will use the funding to construct a tertiary treatment process to reduce phosphorus concentrations in the effluent from the village’s wastewater treatment plant. The city of Superior is receiving $3,767,373 in funding, including $1,130,212 of general principal forgiveness, with the remainder through a loan with a reduced interest rate. This funding will be used to reduce excessive flow to the wastewater treatment plant in times of wet weather, as well as reduce flooding. Stormwater will be routed to a best management practice for treatment to improve water quality. Funding will be awarded to municipalities in the coming months and disbursed as eligible costs are incurred, according to the statement. 14 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 01