Posted inGovernment

Contractors in Place for Potential Eminent Domain Ahead of FoxConn

The Village of Mount Pleasant is moving forward with preparations and preliminary work for the coming Foxconn development. The Wisconsin Economic Development Corporation (WEDC) is still negotiating the final contract between the state and the Taiwan-based technology manufacturer for the record-breaking manufacturing facility slated for Mount Pleasant. In the meantime, the village board has approved […]

Posted inGovernment

Foxconn, WEDC deal stalls

The Wisconsin Economic Development Corp. took no action on a $3 billion tax incentive package to lure Foxconn Technology Group to Mount Pleasant. The official location for the proposed $10 billion LCD display panel factory was announced Oct. 4. But the WEDC took no action on the $3 billion agreement with Foxconn. Here are media reports on […]

Posted inBreaking, Business, Employment

Foxconn To Announce Location Wednesday

Foxconn Technology Group is expected to announce the site of its $10 billion, 20-million-square-foot advanced display manufacturing campus at 11 a.m. Wednesday at the SC Johnson iMet Center, 2320 Renaissance Boulevard. The general footprint is expected to be in Mount Pleasant and Sturtevant. Governor Scott Walker signed a $3 billion 15-year tax incentive package in September to […]

Posted inBreaking

Democrats Blast Administration On Foxconn Project

Foxconn Technology Group has already formed an LLC, has some of its employees working on the project, and will begin hiring more people once its contract with the state Department of Administration is signed. But the final terms of that contract haven’t been finalized and the State Senate has yet to approve the $3 billion […]

Posted inBusiness, Schools

9 Businesses Compete For Seed Grant Money

Nine entrepreneurs from Racine and Kenosha counties will compete for seed grant money after they took a 12-week business mentoring program from the Launch Box Accelerator through Gateway Technical College. The goal: Help the entrepreneurs start or grow their business. The men and women developed their four-minute pitches as part of the program. Now they […]

Posted inBreaking

City And WEDC Fund High-Tech Start-Up Grants, Loans

The City of Racine and the Wisconsin Economic Development Corporation are making cash available in grants and loans to high-tech start-up businesses. Each entity is putting in $200,000 towards a fund to help those businesses develop new technologies. WEDC also gave the Racine County Economic Development Corporation — through its Capital Catalyst Program — $100,000 […]

Posted inBusiness

Beck Aluminum Moving, Adding Jobs

Beck Aluminum is moving from one of Mount Pleasant to the other and adding jobs in the process. In return for growing its workforce by 25 over the next couple of years, Beck will receive incentives from the Wisconsin Economic Development Corporation and the Racine County Economic Development Corporation, a story at reads. The company is […]

Posted inBusiness, Government

Racine Receives $1 Million Grant For Machinery Row Project

The Wisconsin Economic Development Corporation, a public-private entity charged with spurring economic development in the state, has given Racine a $1 million grant to help clean-up several industrial properties along the Root River that will become part of the Machinery Row development project. Machinery Row is a multi-phase retail and apartment development project along the Root […]

Posted inBreaking, Community, Government

Machinery Row Project Moves Forward

Despite questions raised about the credibility of the developer, the Racine common council approved  Machinery Row — making the $65 million project the largest in the city’s history. The project is a retail and apartment development along the Root River in the 900 block of Water Street. Financial District Properties, a commercial real estate  development […]

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