Foxconn projected to be largest taxpayer in Racine County
With tax payments projected at approximately $5 million for 2020, Foxconn will become the largest taxpayer, not only in the Village of Mount Pleasant, but in all of Racine County.
With tax payments projected at approximately $5 million for 2020, Foxconn will become the largest taxpayer, not only in the Village of Mount Pleasant, but in all of Racine County.
Darius Szczekocki, president of Hestia Heat Treat in Racine, will use a $100,000 pandemic recovery loan to purchase new equipment to seek more work with automotive industry clients.
Single-family housing development, featured available properties, County-wide talent recruitment, and much more in this edition of RCEDC’s Development News.
Case High School graduate and Milwaukee Brewers former draft pick, Lee Jaramillo now owns Northterra Real Estate Group. Jaramillo recently used RCEDC’s High Impact Revolving Loan Fund for interim financing to construct the new O&H Danish Bakery on the corner of Douglas Avenue and 4 Mile Rd.
The historic Horlick Malted Milk complex in Downtown Racine is currently being renovated into what will be known throughout Racine County as the Horlick District – a modernized living community to include residential, commercial, retail, recreation, hospitality and education spaces.
The City of Racine houses many businesses in a variety of industries, serving its residents and the surrounding communities. However, the challenges posed by the COVID-19 pandemic were severe and required creative, flexible solutions to ensure the retention of these valuable assets in the City.
When Low Daily Brewery owners, Tim and Claire Sullivan moved from the Pacific Northwest to Burlington, RCEDC provided development assistance in a variety of capacities, including local and state incentive as well as an SBA 504 loan for building renovations and equipment purchasing.
Racine County tourism created videos to recognize and promote the unique elements of Racine County’s communities.
The Racine County Economic Development Corporation (RCEDC) and several partner organizations are proud to welcome ND Packaging, a subsidiary of ND Paper, Inc., to the Village of Mount Pleasant. Last year, ND Paper purchased a 350,000-square-foot warehouse and distribution facility for $15.5 million, with an additional investment of over $30 million for renovations and equipment.