RACINE — The Wisconsin Economic Development Corporation (WEDC) has officially recognized the Downtown Racine Corporation, awarding the nonprofit organization three statewide Main Street Awards. “Powered by dedicated business people, volunteers and government officials, Wisconsin’s Main Street and Connect Communities are working hard to make our downtowns more vibrant and prosperous places,” said Missy Hughes, secretary […]
Tag: WEDC
Posted inBreaking, Business, Local news
BREAKING: Microsoft Corp. plans to build a $1 billion data center campus in Mount Pleasant
MOUNT PLEASANT, WIS. — Microsoft Corp. has announced plans to purchase a 315-acre parcel of land in Mount Pleasant for a $1 billion data center campus. The purchase aims to create a data center campus. The Village of Mount Pleasant, Racine County, Racine County Economic Development Corporation, Wisconsin Economic Development Corporation, and Milwaukee 7 penned […]
Posted inBusiness, Local news
Downtown Racine earns Main Street America™ 2022 accreditation
RACINE – Downtown Racine Corporation (DRC) has again been designated as an Accredited Main Street America™ program by the Main Street America organization. Racine joins 863 communities throughout the U.S. meeting performance standards for preservation-based economic development and community revitalization. DRC’s performance is evaluated annually by the Wisconsin Economic Development Corporation’s (WEDC) Wisconsin Main Street […]
Posted inBusiness, Construction, Development, Local news
Construction to begin on Waterford Lofts with $250K grant from WEDC
The Wisconsin Economic Development Corporation (WEDC) has awarded the Village of Waterford $250,000 to construct the future Waterford Lofts, located at 506 E. Main St. This monetary award was made possible as part of the Community Development Investment Grant program. “In 2018, nearly 200 Waterford residents and business owners provided feedback on the future of the Village, and […]
Posted inLocal news, Schools
UW-Parkside Undergrad Wins Wisconsin Big Idea Tournament
SOMERS, Wis. – Gabrielle Richardson, a UW-Parkside pre-med undergraduate majoring in Spanish and Criminal Justice, is the winner of the Wisconsin Big Idea Tournament. The tournament was sponsored by UW System and the Wisconsin Economic Development Council (WEDC) and part of the 2021 WiSys SPARK Symposium Virtual Series – which honors faculty, staff and […]
Posted inBusiness, Local news
Gov. Evers Announces Application Dates for $420 Million in Wisconsin Tomorrow Small Business Recovery Grants
MADISON — Applications for up to $420 million in new Wisconsin Tomorrow Small Business Recovery Grants for small businesses affected by the COVID-19 pandemic will open at 8 a.m. Monday, May 24 through 4:30 p.m. Monday, June 7, Governor Tony Evers announced today. The Wisconsin Tomorrow Small Business Recovery Grants program is a collaboration between […]
Posted inGovernment, Local news
Gov. Evers Announces $420 Million in Wisconsin Tomorrow Small Business Recovery Grants
On Tuesday, Gov. Tony Evers announced the state will award up to $420 million to small businesses affected by the COVID-19 pandemic through the new Wisconsin Tomorrow Small Business Recovery Grant program, a collaboration between the Wisconsin Economic Development Corporation (WEDC) and the Department of Revenue (DOR). The effort, funded by the American Rescue Plan Act of 2021 (ARPA), has the potential to help approximately 84,000 Wisconsin small businesses that have an […]
Posted inBusiness, Local news
Local Officials React To New Foxconn Deal
RACINE COUNTY – Local elected officials sounded happy and relieved that the Wisconsin Economic Development Corp. (WEDC) and Foxconn Technology Group reached a new agreement on subsidizing a manufacturing complex in Mount Pleasant. The original agreement was developed in 2017 by Republican officials, led by former Gov. Scott Walker. The Republican-controlled Wisconsin Legislature approved the […]
Posted inDevelopment, Local news
Amended State, Foxconn Contract: Smaller, More Flexible
MADISON – Contract amendments approved Tuesday by the Wisconsin Economic Development Corp. (WEDC) Board of Directors and Foxconn Technology Group significantly reduces the scope and anticipated employment levels for a manufacturing facility in Mount Pleasant. Foxconn, a Taiwanese contract manufacturer, will now be eligible to receive up to $80 million total in performance-based tax credits […]
Posted inBusiness, Local news
State, Foxconn Reach New Financial Agreement
MADISON — Gov. Tony Evers and Foxconn Technology Group announced Monday that a new agreement had been reached between the Wisconsin Economic Development Corporation (WEDC) and Foxconn regarding the company’s project in Mount Pleasant. The next step in the process involves a review of the amended agreement by the WEDC Board. That meeting is scheduled […]
Posted inGovernment, Local news
Gov. Evers Announces $45 Million in Targeted Assistance for Restaurants Impacted by the COVID-19 Pandemic
MADISON — Gov. Tony Evers announced today with the Wisconsin Economic Development Corporation (WEDC) that restaurants and other targeted small businesses affected by the COVID-19 pandemic will receive $45 million in assistance, bringing the total assistance distributed to Wisconsin businesses this year to more than $220 million. The program, We’re All In For Restaurants, is […]
Posted inGovernment, Local news
Gov. Evers Invests $120 Million to Support Small Businesses as COVID-19 Cases Surge
MADISON — Gov. Tony Evers announced today an additional $70 million in the second round of “We’re All In” grants, bringing the second-round total to $120 million to be invested in Wisconsin small businesses. Today’s announcement brings the total investments in the “We’re All In” grant program to $185 million. “There’s no business that hasn’t […]
Posted inKenosha Lens
Damaged Kenosha Businesses Eligible for No-Interest State Loans
KENOSHA – Kenosha area businesses that suffered damage related to the recent civil unrest will be eligible for up to $20,000 each in state-backed, no-interest loans to help cover repair costs, it was announced Tuesday. The Wisconsin Economic Development Corp. (WEDC) has allocated up to $1 million in funding for the Disaster Recovery Microloan (DRM) […]
Posted inCommunity, Non-Profits
Greater Racine County Talent Recruitment Program Reaching Targeted Audiences Via New Digital Campaign
Racine County, WI – Racine County businesses are expanding, business parks are bustling with newly constructed speculative buildings, and the Wisconn Valley Science and Technology Park construction is underway. To meet the current and future talent needs of local businesses, the Racine County Economic Development Corporation (RCEDC) launched a new talent recruitment program. This new […]
Posted inEmployment, Wisconsin Jobs
Press Release: Badger Meter to Create 40 Jobs in Racine
MADISON – Badger Meter, a developer of flow measurement products, is expanding its operations in Racine – a project expected to create 40 jobs over the next three years. “We applaud Badger Meter for its decision to continue to invest and grow in Wisconsin,” said Governor Scott Walker. “As an industry leader and innovator, the company’s […]