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Ken Notes: "Ken Notes" may be reprinted in context without permission. Attribution should be Ken Harwood, Editor Wisconsin Development News or Ken Harwood Advocate for Wisconsin.
Dane County is vying for a chance to house Amazon`s second headquarters — one of more than 100 communities across the U.S. hoping to land the online retail giant and its promise of 50,000 high-tech jobs.
The Madison Region Economic Partnership (MadREP) submitted a 180-page application Wednesday afternoon, MadREP president Paul Jadin said, and the theme of the pitch is: "We are a younger version of Seattle and Amazon can grow with us."
The proposal does not offer one big swath of land but rather, a combination of five locations in the Madison area....more
Ken Notes: I would love to see Madison just pitch this as the right place for this office, rather that making it all about money and incentives. We could work on airlines to the destinations they need, transit in the region, a great UW partnership, and arts, food, and entertainment that would cater to the needs of the Amazon employees. Again Amazon can be a we are are also here or they can be a we are Madison. Paul use the press attention to talk to other businesses as well...
The Wisconsin Economic Development Corp. delayed a vote on a nearly $3 billion incentive package for Taiwanese manufacturer Foxconn until November after an unspecified problem was discovered with the deal board members were set to vote on Tuesday...
Ken Notes: Getting this right will be huge... I hope the development agreement and tax deals are public documents... At this point WEDC CEO Mark Hogan is saying the right things I want to see this in the dirt, but want to make sure the numbers work.
If the project derails I hope our immediate response is a global set of incentives available to all new and growing companies providing jobs in Wisconsin. Offer the programs to Amazon so it gets national attention with the proviso that the same terms are available to ANY Company coming to Wisconsin!
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TitletownTech will bring world-class digital innovations and expertise to Green Bay
The Green Bay Packers and Microsoft Corp. today announced the launch of TitletownTech, a one-of-a kind partnership between the two organizations aimed at boosting economic expansion in Wisconsin’s Fox River Valley and beyond by bringing world-class digital innovations and expertise to Green Bay. Operating from a state-of-the-art work space in the Titletown development next to Lambeau Field, TitletownTech will help the region’s emerging and existing businesses define and build new digital products, transform their operations through technology, and, in some cases, provide capital to launch new ventures......more
Ken Notes: Thumbs up... WAY UP...
After sitting vacant for several years, the former Truman Olson United States Army Reserve Center property on South Park Street could become the nexus of comprehensive reinvestment in the south side, if some Madison officials have their way.
The city bought the property for an estimated $1.1 million from the Defense Department in 2012 and is seeking project proposals from the property’s adjacent neighbors, which include Wingra Building Group, Shenandoah Apartment LLC, Welton Family LTP and Midwest Real Estate Properties.
Ald. Sara Eskrich, District 13, said the city was waiting for the neighboring property owners to be ready for reinvestment. Now that some of the owners have expressed interest in redeveloping, Eskrich said, the city is poised to fulfill goals laid out in the neighborhood plan called Wingra BUILD.
Smart Motors will begin construction next week on a facility that will give its used car dealership a significant upgrade.
The groundbreaking ceremony will be held at 10:30 a.m. on Oct. 26 for a 13,952-square-foot building at 5702 Odana Road. The two-story facility will replace a dated, one-story, 1,800-square-foot building on the same site and is scheduled to open this spring.
The project, by Sullivan designBuild of Madison, will architecturally mirror the Smart Motors new-vehicle building across the street and include a large showroom, a children’s play area and guest lounge, a separate area for the finance team and a marketing department. The development includes the demolition of the existing building on the site and the removal of an office building on a neighboring parcel to create a 5.6-acre site with prime corner visibility at Odana Road and Tokay Boulevard, according to documents......more
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There is little that Donald Trump and Hillary Clinton agree upon, particularly when it comes to matters of public policy. However, one rare area of common cause shared by Clinton, Trump, and other prominent lawmakers from opposite ends of the political spectrum is their support for expansion of apprenticeship in the United States as a way to close the skills gap and reduce a double digit youth unemployment rate.......more
Ken Notes: Too bad we no longer have a weekly news aggregation highlighting Wisconsin`s Apprenticeship efforts an Tech programs. I would LOVE to restart this program I just can`t afford to lose money on it...
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The second phase of the $78 million development known as Union Corners unfolded Wednesday with the grand opening of a $19 million, 90-unit mixed-income apartment complex.
Named after the battery company that formerly occupied the site, Carbon at Union Corners includes two four-story buildings joined by a courtyard and path that leads to East Washington Avenue. There is 18,000-square-feet of ground floor retail space and 92 underground parking spaces at the complex on Winnebago Street.
A developer has big plans for a new apartment complex in a mostly industrial area on Madison’s east side, but the neighborhood is pushing back.
It’s not a case of “not in my backyard,” neighbors say. They’re fine with development on the site, but they argue the height and density of the project is too much.
The developer says they’ve already made a number of changes to accommodate neighbors, but agreed to delay their presentation to the city`s Plan Commission to continue to work with residents.
Landscape Architecture, Planning, Architecture, Engineering...
Regional Development Group Submits Proposal To Be Retail Giant`s Second Home
In their wish list for a second hometown, executives from online retail giant Amazon say they are looking for a metro area of more than 1 million people with a stable, business-friendly environment. Any proposed location should also have easy access to an international airport and major highways.
Milwaukee Mayor Tom Barrett is confident his city can compete with tech hubs like Boston and Denver in a nationwide scramble to land the company`s second headquarters.
Milwaukee Mayor Tom Barrett confirmed the region is making a run for Amazon’s second headquarters and stressed local officials are being serious about their bid, rather than making a public circus out of it......more
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The Senate Committee on Agriculture, Small Business and Tourism has overwhelmingly approved a bill that would allow Wisconsin farmers to grow hemp.
The bill would set up state licenses for famers looking to grow industrial hemp. People with drug convictions wouldn’t be eligible for the licenses and the plants couldn’t contain more than 1 percent THC, the active ingredient in marijuana.
At least 30 states, including Minnesota, Michigan and Illinois, have passed legislation allowing hemp farms.......more
Ken Notes: If you actually take the time to look at the science, it is a pretty amazing crop...
A legislative committee is set to vote on a bill that would allow Wisconsin farmers to grow hemp.
The Senate Committee on Agriculture, Small Business and Tourism is scheduled to vote on the measure Wednesday morning....more
Ken Notes: ALSO consider the production and manufacturing aspects of the business.
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Klapmeier says there’s much more to the story.
A number of media outlets in Maine have, over the past few weeks, reported significant financial troubles for Kestrel Aircraft, one of two companies created under the One Aviation parent in 2015. One Aviation is headed by Alan Klapmeier, former co-founder of the successful Cirrus Aircraft company he left in 2009. One Aviation also builds the Eclipse light jet and has been hard at work bringing the updated version of the Eclipse 550, called the Canada, to market...
Notes: I would love to see the merger docs because One Aviation actually sells Eclipse jets but no Kestrel`s have been built except the prototype...
OSHKOSH – A new grant program managed by the University of Wisconsin-Oshkosh aims to help nonprofits boost exports and attract foreign investment in the state.
The program opens $1.2 million to economic development groups and other nonprofits to hire international trade consultants in targeted industries like manufacturing, aviation, bioscience and water technology, according to the Wisconsin Economic Development Corp......more
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MILWAUKEE, WI – October 20, 2017 – BrightStar Wisconsin Foundation, along with NEWaukee, a Wisconsin-based social architect firm, are proud to announce the HATCH Finale. HATCH is a community-based startup platform to help develop “napkin” ideas into early-stage companies. BrightStar has funded successful pitch competitions in Stevens Point, Wisconsin Rapids, Wausau and Marshfield. Each of the four regional HATCH winners received a $2,000 grant and a chance to compete for a $10,000 prize in the finale along with three other runner-up HATCH pitches. The final event will take place on Thursday, November 9th from 6:00PM to 9:00PM in the Noel Hangar, 4501 Highway 66, Stevens Point Municipal Airport, in Stevens Point, WI./... ...more
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MOUNT PLEASANT — The Mount Pleasant Community Development Authority Wednesday evening recommended creating the tax increment district that will finance the Foxconn Technology Group project......more
R.A. Smith National, Inc. is a leading consulting engineering firm, providing multi-disciplinary services to federal, state and local government and the land development industry nationwide.
A seminar at the state Capitol last week strove to highlight veterans who create startups.
The "Muster Across America" event was organized by Bunker Labs, a three-year-old Chicago-based nonprofit and business incubation program that has made it its mission to help veterans who choose to become entrepreneurs.
The group launched a chapter in Madison in 2016 and has received significant state funding: The Wisconsin Economic Development Corp. gave Bunker Labs Wisconsin a $95,000 grant that same year. That money finances the Lab’s “Innovator Academy” incubator in University Research Park.
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Milwaukee - 1/1/2020 Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development, including stores, hotels, offices, condos, apartments and industrial buildings...
Ken Notes: Tom Daykin is the source for ED news in MKE. This is a permanent link to articles in his blog which is updated daily...
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FINANCING & GRANTS
Brownfield Grants: Grants to local governments, businesses, non-profits and individuals for developing commercial and industrial sites that have been adversely affected by environmental contamination.
Brownfield Site Assessment Grant: Grant funds to approved projects to assist local governments with conducting initial environmental assessment and demolition activities on an eligible abandoned, idle or underutilized industrial or commercial site.
Capacity Building Grants: Grants to assist local and regional economic development groups to create an advanced economic development network within Wisconsin.
Capital Catalyst: Matching grants to seed funds managed by local communities and other eligible entities to provide capital to high-growth startups and emerging growth companies.
Community Development Investment Grant: Financial support for shovel-ready projects with particular emphasis on downtown community driven efforts that deliver significant, measurable benefits in job opportunities, property values, and/or leveraged investment by local and private partners.
Global Business Development Grants: Grant funding to support the growth and expansion of exports by Wisconsin companies.
Idle Industrial Sites Redevelopment: Highly competitive program offering grants to Wisconsin communities for the implementation of redevelopment plans for large industrial sites that have been idle, abandoned or underutilized for at least five years.
Industrial Revenue Bonds: A unique type of revenue bond organized and issued by a state or local government, the proceeds of which are directed to a private, for-profit business.
Seed Accelerator: Provides grants to eligible communities and other organizations to support a pre-seed business model program that incorporates training, mentoring and financial assistance to entrepreneurs in their area. Grant funds may be used as seed capital for companies in the accelerator, as well as for costs associated with initiating the accelerator program.
Special Project Loan Fund: Loans or loan guarantees to eligible companies preparing for future growth; diversifying operations, markets or product lines to increase competitiveness; or preparing a project site for future commercial development.
Technology Development Loans: Flexible lending program designed to assist high-tech startup and emerging growth companies in financing the development and launch of innovative products and services.
Business Development Tax Credit: Provides refundable income tax credits that can be earned based on jobs, capital investment, training and the location or retention of corporate headquarters.
Capital Gains Investment Incentives: Capital gains on funds invested in qualified Wisconsin businesses are completely exempt from the capital gains tax after the investment has been held for five years. Capital gains on existing investments which are sold in order to generate funds for investments in qualified Wisconsin businesses are deferred so that they are not taxed at the time they are invested in the Wisconsin businesses.
Development Opportunity Zones: Non-refundable tax credits for new and expanding businesses in the cities of Beloit, Janesville and Kenosha to assist with capital investment and the creation and retention of new, full-time jobs.
Enterprise Zone Tax Credit: Refundable tax credits for new and expanding businesses that can be earned based on job creation, job retention, training, investment and Wisconsin supply chain expenditures.
Historic Preservation Tax Credit: State income tax credit for 20% of the qualified rehabilitation expenditures for eligible buildings.
Job Creation Deduction: Companies can take an exclusion from income if they create jobs in Wisconsin of $4,000 per employee for small businesses and $2,000 per employee for larger businesses.
Manufacturing & Agriculture Credit: Available to individuals and entities for taxable years that begin on or after January 1, 2013, for manufacturing and agricultural activities in Wisconsin. The credit is a percentage of “eligible qualified production activities income.” The credit is calculated by multiplying eligible qualified production activities income by one of the following percentages.
For individuals, the credit is limited to the amount of income tax paid on the income from which the credit is based. For a corporation, eligible qualified production activities income is the lesser of:
Property Tax Exemptions: Machinery and equipment used in manufacturing is exempt from personal property taxes. Manufacturer and merchant inventories are exempt from personal property taxes. Certain waste treatment facilities owned by utilities, manufacturers, and commercial businesses used for the treatment of industrial waste materials are exempt from general property taxes.
Qualified New Business Venture (QNBV) Program: Helps drive investment to innovate early-stage Wisconsin companies by allowing investors to claim a 25% tax credit on the amount they invest into a QNBV-certified business.
Research and Development Tax Credit: An R&D credit is available to corporations, sole proprietorships and pass-through entities equal to 5% (10% in some cases) of the excess of qualified research expenses for the current year over a base amount.
Sales Tax Exemptions: Wisconsin sales tax does not have to be paid on the following:
Apprenticeship Completion Award Program: Offers employers, adult apprentices and sponsors a 25% reimbursement (up to $1,000) for instruction costs, including tuition, books, materials and other course fees.
ExporTech: Export acceleration program to help Wisconsin companies expand their global market reach through targeted export strategy development and execution.
Industry Development: WEDC’s Division of Business and Industry Development delivers customized solutions—technical and financial—to established business associations, consortia and industry cluster organizations in order to create favorable conditions for expanding existing Wisconsin industries and attracting new companies to priority industry sectors in Wisconsin. The division also supports minority business development by working with and providing resources for revolving loan funds and technical assistance to minority business development groups.
Veteran Grant Program: Offers employers a state grant of up to $10,000 over four years for hiring and retaining eligible veterans.
Wisconsin Fast Forward: Makes $15 million in grants available to employers to develop and implement innovative and collaborative customized training solutions for skilled workers....more
Ken Notes: I ran across this and thought I would add links as time permits. Hope it helps...
Notes from Ken Harwood Editor WDNews and WisconsinDevelopment.com.
For several years I have suggested that WEDC create a database that lists all their loans, grants and other incentives and the current status of these investments. Now they do. Created for a report they recently issued, the data base is available online or as a spreadsheet.
If you are a business or ED professional, study the list an a resource of what type of assistance may be available. Make sure you have your local ED professional and representatives from WEDC as well as other agencies that may have available funds in the loop as you plan your expansion.
I will continue to advocate for a new jobs based tax credit to level the playing field and streamline the process, but do applaud the efforts of WEDC. I hope local media reports on this data base as well as the report and available options for new and growing businesses...
The Report is here...
All info is here...
Ken Notes: I will keep this article as a permanent link in WDN.