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Madison Gets Economic Development Grant
Posted on February 25th, 2011 No commentsThrive, the Madison region economic development organization, is getting a $97,500 grant from the U.S. Economic Development Administration. The grant will help Thrive create a comprehensive economic development strategy, according to the Wisconsin State Journal. -
Loyal Bank Contributes to Incubator
Posted on October 1st, 2010 No commentsCitizens State Bank of Loyal presented a check for $25,000 to be used for the creation of the Central Wisconsin Agribusiness Innovation Center, being planned for northern Clark County. The business incubator will serve emerging companies in agribusiness, renewable energy, biotechnology, food processing and related industries, according to Wisconsin Ag Connection.
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New Markets Tax Credits Stalled
Posted on September 24th, 2010 No commentsA combination of the slow economy, tight bank underwriting and a shortage of investors has stalled $504 million available locally for the U.S. Treasury New Markets Tax Credits program, which is designed to encourage real estate development and business expansion in distressed areas, the Business Journal of Milwaukee reported.
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Lending Blamed for Lag in City Development
Posted on June 4th, 2010 No commentsTight bank lending due to the subprime loan and financial crises is impeding development of Baraboo’s Ringling Riverfront area, according to the Baraboo Economic Development Commission. Read the article in the Baraboo News Republic.
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Banks Awarded Money to Assist Underserved
Posted on October 2nd, 2009 No commentsLegacy Bank in Milwaukee, North Milwaukee State Bank and Milwaukee Economic Development Corp. were among the 62 organizations serving economically distressed communities that are receiving awards totaling $52.7 million through the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. Read the article in the Business Journal of Milwaukee.
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Businesses Still Look to Wisconsin
Posted on March 7th, 2009 No commentsDespite a weak national economy, “the phones are still ringing at the desks of many economic development officials in southern Wisconsin,” the Wisconsin State Journal reported.