RCEDC Press Releasespress releases Find out how Racine County Economic Development Corporation is making headlines by checking out our latest press releases. 2010August 18, 2010 SBA 504 Loan Interest Rate Drops Below 5% for Small Business Borrowers The Small Business Administration’s (SBA) 504 loan program is providing long, term fixed rate financing for the purchase of commercial real estate at one of the lowest interest rates since the program’s inception. Organizations like Business Lending Partners, a division of RCEDC, are busy working with small business borrowers who are taking advantage of this current low interest rate to purchase or build new facilities. The interest rate for a 20-year SBA loan fell to a low of 4.931% this month and is fixed for 20 years.
2009December 14, 2009 Chinese Delegation Visits Racine County, WI The Racine County community recently hosted a reception honoring Wanming Chi of the China SINB group and five government officials from Sheyang, China. In July of 2009 the China SINB Group purchased 54 acres of land in the Village of Mount Pleasant. The investment group of the company, SINB North America Investment group, has proposed the development of an Eco-Business Park that will consist of approximately 600,000 square feet of office and production space.
October 26, 2009 Racine County and the City of Racine Seek Funding from the U.S. EPA Racine County and the City of Racine both submitted grant applications to the U.S. Environmental Protection Agency (EPA) to address their brownfield sites. The County worked in collaboration with FIRE (First-Ring Industrial Redevelopment Enterprise) administered by the City of West Allis, WI, and the City of West Milwaukee, WI, to submit a $1 million hazardous and petroleum brownfield assessment grant application.
October 12, 2009 Maysteel LLC Establishes New Location in Mount Pleasant, WI Maysteel, LLC, a precision manufacturer of custom metal enclosures and assemblies has signed a lease with HSA Commercial Real Estate (“HSA”) to occupy 40,800 square feet of space within one of HSA’s buildings.
October 8, 2009 Treasures Media to Construct Distribution Facility in the City of Racine Treasures Media established in Kenosha, WI in 2002 announced today that the company will construct a new distribution facility in the City of Racine. The company, working with builder and contractor BCI Group, has decided to construct an 80,000 square foot distribution facility in the City’s Southside Industrial Park, commonly known as the former Jacobsen‐Textron property.
October 2, 2009 A&E Incorporated Expands Operations in Wisconsin A&E Incorporated (“A&E”) confirmed their continuing commitment to the City of Racine, with an announcement today of a workforce expansion and a capital investment program in the City.
July 23, 2009 Chinese Development Group Purchases 54 Acres in Mt. Pleasant The China SINB Group, established in Wenzhou of Zhejiang Province in 1989, has ended its search for a location in Southeast Wisconsin with the purchase of land in Racine County.
July 7, 2009 Racine County Economic Development Corporation (RCEDC) Assists Manufacturing Company in City of Racine Racine County Economic Development Corporation (RCEDC), in partnership with M&I Bank, has assisted Nelson Bros & Strom Co., Inc. in purchasing a new CNC machine for their business located at 1620 Racine Street, in Racine, WI.
June 29, 2009 City of Racine Receives $950,000 Grant for State Street Revitalization Program RACINE – The City of Racine has received confirmation that it has been awarded an Economic Development Initiative (EDI) grant in the amount of $950,000 from the U.S. Department of Housing and Urban Development.
2008August 14, 2008 Wisconsin Department of Commerce
Governor Doyle Announces Winona Production Services Inc. Expansion
For Immediate Release: August 14, 2008
Project to create 22 jobs
MADISON - Governor Jim Doyle today announced that Winona Production Services Inc., Sturtevant, Racine County, will receive $100,000 in Enterprise Development Zone tax credits for an expansion project.
September 4, 2008 Wisconsin Department of Commerce
Governor Doyle Announces TriCore AEA Expansion
For Immediate Release: September 4, 2008 Contact: Tony Hozeny, Department of Commerce, 608-267-9661
Project to create 15 jobs
MADISON - Governor Jim Doyle today announced that TriCore AEA, Racine, Racine County, will receive $97,000 in Enterprise Development Zone tax credits for an expansion project.
June, 2008 Department of Commerce Newsletter
New International Financing Resource
The International Trade Administration (ITA), part of the U.S. Department of Commerce, has released the second edition of The Trade Finance Guide: A Quick Reference for U.S. Exporters (TFG). The TFG was developed to help U.S. exporters, specifically small and medium-sized enterprises (SMEs), gain practical knowledge of trade finance. The TFG helps SMEs learn how to manage the risks associated with doing business internationally and turn their export opportunities into paid sales.
Governor Doyle Announces Funding For BWAY Corporation 5/ 7/2008 Contact: Tony Hozeny, Department of Commerce, 608-267-9661
MADISON - Governor Jim Doyle today announced that BWAY Corporation, Sturtevant, Racine County, will receive $150,000 in Technology Zone tax credits. The project is expected to create 10 new positions.
4/25//2008 JohnsonDiversey Distribution Center Real Estate Award
4/23/2008 Adams Engineering and Manufacturing
|
||
 |
|
