RCEDC

Living As A Leader invites you to join the Public Leadership Development Series beginning this Spring.

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.

The Village is seeking an experienced master developer to develop and construct single-family homes on two sites totaling approximately 15 acres. The sites, located near Lake Michigan, are included in the Tax Increment District #5 project plan approved in 2019.

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 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.

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.

The U.S. Small Business Administration (SBA) visited the Village of Mount Pleasant’s O&H Bakery on Wednesday to award owner, Eric Oleson the 2020 Jeffrey Butland Wisconsin Family-Owned Business of the Year.