RCEDC Annual Celebration Marks Milestone: 64 Projects Secure $1.36 Billion in Private Investment

RACINE COUNTY, Wis. – The Racine County Economic Development Corporation (RCEDC) held its 41st Annual Celebration on Thursday, May 9, 2024 at the Veterans Terrace in Burlington from 4:30 p.m. – 6:00 p.m.

 

The 2024 RCEDC Annual Celebration featured keynote speaker Rebecca Ryan, a noted top 50 professional futurist, economist, best-selling author, entrepreneur, and founder of NEXT Generation Consulting. Her presentation focused on the top 10 trends that will shape our communities, organizations, and society for the next 10 years.

 

Attendees along with RCEDC’s staff celebrated the achievements of three Racine County award recipients. The three awards given out were for the Lender of the Year, Business Development Project of the Year, and the Sam Johnson Volunteer of the Year. RCEDC congratulates the following individuals and organizations for their successes in 2023:

Sam Johnson
Volunteer of the Year
Steve McLaughlin
"Receiving RCEDC's 2023 Volunteer of the Year award is an incredible recognition of the impact my volunteering has had on our community. This award highlights the importance of giving back and contributing to the betterment of society through selfless acts of service."
Business Development
Project of the Year
Hotel Verdant by Dominion Properties
"Hotel Verdant and Dominion Properties are honored to be recognized by the Racine County Economic Development Corp as The Business Development Project of The Year. We are proud members of the Racine community and are thrilled to be working alongside local businesses and institutions to revitalize our downtown, providing an ideal place for work and to be enjoyed by locals and visitors alike." –Michael O’Connor, Chairman - Principal of Dominion Properties
Lender
of the Year
Barb Bakshis, Senior Vice President at Greenwoods State Bank
"It is a tremendous honor to receive RCEDC's 2023 Lender of the Year award, recognizing Greenwoods State Bank's dedication to supporting economic growth and development in the community through responsible lending practices."

RCEDC extends heartfelt thanks to our businesses, municipal officials, and community partners for their invaluable contributions to the success of 2023. Together, staff facilitated 64 projects, attracting $1.36 billion in private investment, with $1.05 billion allocated to new construction. Upon completion, these endeavors are projected to create or retain 542 jobs, further fueling economic growth and prosperity.

 

For more detailed information on successes and highlights from last year, the 2023 Progress Report can be accessed at rcedc.org/2024-rcedc-annual-celebration/.

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2023 Annual progress report

For the past 41 years RCEDC’s focus has been to grow the local property tax base and create jobs for our residents. This is accomplished by facilitating business expansion projects, recruiting new businesses, and attracting developers to Racine County.

Celebrating 41 Years of Economic Development

In 2023, RCEDC had the pleasure of working with local business owners to facilitate 64 projects. The completed projects are expected to total nearly $1.36 billion in private investment and $1.05 billion in new construction, which will undoubtedly have a significant impact on the local economy.  Furthermore, these projects are expected to result in 542 jobs created and/or retained. Such a substantial influx of private capital bolsters Racine County’s economic resilience and vitality.

 

On behalf of RCEDC volunteer leadership and RCEDC staff, we want to express our gratitude to our community leaders, private businesses, contributors, and partners for allowing us to complete another successful year.

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