|
Friday, May 22, 2009
Recovery Report
"The
Business Journal of Milwaukee" - by
Kent Hoover
Washington, D.C., bureau chief
Related News
§
SBA: Act quickly
as emergency bridge loans are likely to go quick
§
Execs urge SBA to
do more to boost lending
§
SBA bridge loan
money expected to go quickly
§
Small Business
Administration bridge loans likely to go quickly
§
SBA urged to do
more to boost lending
The
Small Business Administration plans
to begin guaranteeing emergency bridge loans for small firms in
mid-June.
Through the program, small businesses that are
having trouble making payments on existing non-SBA loans can borrow up
to $35,000, interest-free. The money can be used to make up to six
months of payments of principal and interest on small business debt
ranging from mortgages to credit cards.
Small businesses will have one year after the
final disbursement of these bridge loans before they have to start
paying them back. They will then have five years to repay the loans.
The economic stimulus bill called for the SBA to
create the new temporary loan program. The agency will guarantee 100
percent of the amount of these America’s Recovery Capital loans, which
will be made through its network of private-sector lenders.
SBA administrator Karen Mills said the agency will
provide guidance to lenders on the ARC program by June 8, and will begin
accepting loan packages from lenders June 15.
“We expect these loans to be in high demand,”
Mills said.
Tony Wilkinson, president and CEO of the
National Association of Government Guaranteed
Lenders, estimates the approximately $350 million in loans
that will be available through the program will be used up “rather
quickly,” perhaps in three months.
Lenders, however, are still awaiting crucial
details on the program, he said. Only “viable” small businesses will be
eligible to receive the loans, for example, and the SBA hasn’t defined
viable yet. Plus, the SBA will be subsidizing the interest on the loans,
and the agency has not told lenders what interest rate they can charge.
The SBA will provide these details to lenders June
8, Mills said. In general, she said, viable small businesses are firms
with a track record of success that are experiencing temporary
difficulties, such as declining sales, due to the economic downturn.
House committee urges help for small auto suppliers
The head of the House Small Business Committee
wants the Obama administration to help small businesses in the
automobile industry’s supply chain as part of its restructuring efforts.
“Little has been done to help small suppliers,”
said Rep. Nydia Velazquez (D-N.Y.) “That’s a big mistake. Cutting
entrepreneurs out of the process means more setbacks down the road,
especially considering the end goal of these measures — job retention.”
The Treasury Department has created a $5 billion
program to help direct suppliers of finished products to General Motors
and Chrysler by guaranteeing their receivables. But second- and
third-tier auto industry suppliers, who sell parts, equipment and raw
materials to direct suppliers, aren’t eligible for this program.
FOR IMMEDIATE RELEASE
6/18/2009
Hoeschele named Executive
Director of Hartford Area Development
Corporation
HARTFORD, WI - The Hartford Area
Development Corporation has announced the selection of Patrice Hoeschele
as Executive Director. Patrice brings a diverse corporate and
industrial background in strategic business development, resource
management, and organizational improvement.
“After thirty years of long distance
commuting, I’m excited to contribute and further develop the business
and industrial platform in this thriving community,” said Hoeschele,
regarding the corporation’s motto Live Where You Work. “My sons
were raised here, and I’m looking forward to encouraging entrepreneurs
to join into the truly unique experience we’ve created in Hartford with
our exemplary school system, beautiful parks, and a thriving local
business environment.”
Hoeschele is joining the HADC at a
critical juncture in its history. After the recent acquisition of land
east of the Dodge County Industrial Park, the organization is looking to
aggressively open up building opportunities for aspiring industry
leaders. HADC President Gary Wendorff, of Steel Craft Corporation,
noted the enthusiasm of the Board over Hoeschele’s drive to support the
existing industrial base while bringing new business into the area.
In making the decision of bringing
Hoeschele on as Executive Director, the Board found her unique blend of
past business experiences a breath of fresh air. She plans to draw upon
recent research she has conducted into the realm of social media as an
online communicative vehicle. She has also noted strong interest in
bringing burgeoning industries of the 21st century into the
area, specifically those targeted by the recent stimulus plan.
Apart from her top goal of developing
new business in the area, Hoeschele will assist businesses in tapping
the local labor pool to fill employment needs, encourage educational
facilities to provide appropriate training resources, and advocate for
affordable housing amongst a host of other duties filled by the
Executive Director. She is certified to conduct ISO 9000 audits (CQA)
and is a certified Senior Human Resources Professional (SPHR), enabling
additional consultative support to HADC member firms.
About the Hartford Area Development
Corporation
The Hartford Area Development
Corporation (HADC), a nonprofit 501 ©(4) organization, has a
long-standing commitment to economic development. The organization was
formed in 1977 through the initiative of the Hartford Area Chamber of
Commerce and with the cooperation of City Government.
The activities of the HADC in
partnership with City government can be credited for the creation of
thousands of manufacturing jobs. Through retention and recruitment
efforts during the past thirty years, new manufacturing floor space in
excess of 5,600,000 sq. ft. has been added to the industrial base of
Hartford.
To foster economic development, the
HADC works with many agencies such as the Wisconsin Department of
Commerce, Forward Wisconsin, Wisconsin Economic Development Association,
Wisconsin Housing and Economic Development Authority, U.S. Small
Business Administration and Economic Development Washington County.
Contact
Hartford Area Development Corporation
Brenda Jones
935 West
State Street
Hartford,
WI 53027
262.673.7009
hadc@hadc.org
###
Mantz Automation Inc.
Top 10 Small Businesses of the Year
By:
Rachelle Dragani of The Small
Business Times
Published
June 12, 2009
 When Denise and Bob Mantz
started
Mantz Automation in 1989, neither
of them intended to have more than 20 employees. Customer demand
dictated otherwise, however, and in the course of six months they
went from seven to 20 employees. Today the tool and die company has
about 80 employees.
Since the economic climate when they started the company was
similar to today’s economic doldrums, Denise and Bob Mantz were
ready to deal with the challenges of a down economy. In fact, Denise
says they are taking this time to grow and improve.
“There are opportunities in times like these,” she said. “We’re
not as busy as other years so we’re doing a lot to revamp our
systems and re-organize so that once things pick up we’ll be in a
better position to take advantage of it.”
One reason they’ll be in a better position to take advantage of
an uptick in business is their emphasis on people over machinery,
said Denise. The toolmakers at Mantz are highly trained and interact
one-on-one with the customers.
One method of hiring those employees at Mantz is through their
youth apprentice program. Apprentices can start in high school and
if students demonstrate good work ethic and desire, Mantz will put
them through school and training. Right now about a dozen of their
workers have been brought up through the program.
Denise says those hires and the rest of their employees are the
key to their success.
“Everything we have here is because we’ve hired great people,”
she said.
Mantz Automation Inc.
Address: 1630 Innovation Way, Hartford
Website:
www.mantzautomation.com
Industry: Tool and Die
Revenues: $16 million
Employees: 80
PRESS RELEASE
The Hartford Area Development Corporation, at its Annual
Meeting on April 22, 2009, confirmed the following 9 member Board of
Directors.
Kenneth Braun, Hartford Savings Bank
King Coles II, Polyfirst Packaging
Tom Hostad, Broan-NuTone LLC
Raymond Jaroch, BLH Partnership
Al Laufer, Laufer Trucking Company, Inc.
Mark McCune, 1st Bank Financial Centre
Tony Priesgen, Triton Corporation
Brian Priestaf, CDM Tool & Mfg. Co.
Gary Wendorff, Hartford Finishing, Inc.
The two (2) appointed liaison Board members will remain:
Mayor-City of Hartford, Scott Henke
City of Hartford Administrator, Gary Koppelberger
General volunteer officers elected by the Board to serve until the next
corporation meeting on April 21, 2010 are: Gary Wendorff, President;
Tony Priesgen, Vice President; Brian Priestaf, Secretary and Kenneth
Braun, Treasurer.
Raymond Jaroch will continue as Interim Director for up to 3 months
until a new part time Director can be hired. Brenda L. Jones, Office
Manager, continues as operating staff.
April 22, 2009
2008 Annual Non-Stock
Corporate Meeting
To Our Members & To Whom It May Concern:
During the fiscal year ended December 31, 2008, the Board of Directors
held 12 regular meetings. All Board members except 1 attended at least
70% of the meetings in 2008. The Annual Corporation meeting for 2007
was held on April 23, 2008.
Long time Executive Director, Werner X. Wolpert, passed away on August
22, 2008. He served as director of the HADC from 1992 to 2008 and was
on the Board of Directors for 8 years prior to that. His contribution
to the economic vitality of Hartford is well known and greatly
appreciated. He is missed by family, friends and the Hartford community
he worked so diligently for.
2008 was a turbulent year for the HADC. Werner’s illness and subsequent
retirement challenged the Board of Directors to take a stronger roll
until a new Director could be hired. Ed Majkowski started as the new
Executive Director in late April of 2008. Ed is the owner of a
construction and development consulting firm, Hartford-based Act
Planning & Development LLC and has been a member of the HADC board the
past 12 years. Initially the plan is for Ed to work part time as
Executive Director while continuing to operate his small business.
There were no land sales recorded in 2008. Two (2) industrial parcels
remain available totaling 12.4 acres. There are privately owned
building sites totaling 18.25 acres that could be made available if the
need would arise.
2009 construction of one new plant is anticipated to occur on a
privately owned parcel of 4.6 acres in the Dodge Industrial Park.
The sale of the Innovation Center of Hartford to BHN Rentals LLC (Key
Logo, Inc.) closed on December 18, 2008. Key Logo is yet another
graduate of the incubation program that has been a successful element of
Hartford’s economic development strategy.
The sale of the Innovation Center freed up funds to be used to purchase
additional acreage abutting the eastern boundary of the Dodge Industrial
Park. The plan is to buy 40 acres from James & Janice Rettler and
24.7+/- acres from Ed and Loretta Groth for future expansion.
Both HADC operations; industrial land development and business
incubation, after other income and expenses, resulted in a consolidated
net ordinary income of $47,585. Total 2008 expenses of $139,241 include
a TIFF reimbursement from the City of $93,475. A detailed financial
statement compiled by Donald J. Langenfeld S.C., Certified Public
Accountant, is attached.
The troubled economy is reflected in our employment survey for the year
ended 12/31/08. Manufacturing employment decreased by 322. When
tabulated, 13 companies had gains of 65 people and 26 companies had
losses of 323. Overall combined employment for Hartford businesses saw
a loss of 250.
Hartford has developed and grown into a remarkable community. This is
so because the citizens, private organizations and industries work in
unison with City Government. The HADC is grateful for the significant
support and unparalleled donations given by private citizens and
businesses. These generosities add value to citizen’s lives and build a
strong foundation for the community’s economic development future.
Sincerely,
Gary Wendorff
President
Raymond Jaroch
Interim Executive Director
Werner X. Wolpert Day In Hartford
March 25, 2009
A group of almost 90 people gathered at 935 West State Street Wednesday
morning, March 25th, to celebrate the achievements of Werner
X. Wolpert. Werner was a great promoter of our City and for many years
was instrumental in the economic development of Hartford. Werner’s
wife, Heidi, was on hand to take part in the festivities.
One of his last earnest efforts, which Werner was not able to see to
fruition, was the graduation of long time tenant of the Innovation
Center, Key Logo, Inc. Their purchase of the Innovation Center in
December of 2008 adds them to the list of successful graduates we have
seen over the years from start-up businesses in the incubator.
As a central part of the ceremony, Key Logo’s respect and appreciation
for Werner’s guidance was expressed by the dedication and re-naming of
the Innovation Center. It is now officially known as the Werner X.
Wolpert Business Center.
(Left to right Sue
Schoedel, Curt Schicker, Nancy
Holmes & Heidi Wolpert)
An informal open house began at 10 am with members of state and local
government attending. Representatives from Senator Kohl and Senator
Feingold’s offices, State Representative Don Pridemore and our Mayor
Henke were all present. Many business associates of Werner and Key Logo
along with many friends also enjoyed the event.
Executive Director of the Hartford Area Development Corporation, Ed
Majkowski, welcomed everyone and spoke briefly of the background of the
organization, the incubator concept and the economic development efforts
of the HADC over the years. Sue Schoedel, one of the three owners of
Key Logo, Inc., (Nancy Holmes & Curt Schicker) spoke of their humble
beginnings, growth and Werner’s constant mentoring. Everyone then
proceeded outside where the sign for the building with the new lettering
was unveiled.
The Mayor then continued the ceremony with excerpts from a City
Proclamation praising Werner’s achievements. The new street sign,
designating Independence Avenue in our Dodge Industrial Park as Honorary
Werner X. Wolpert Boulevard, was unveiled. As the formal part of the
proceedings came to an end, many drove out to the Dodge Park and along
Independence Avenue to view the new signs before continuing on to the
Chandelier Ballroom for a catered luncheon.
HARTFORD EMPLOYMENT
SURVEY AS OF 12-31-08
PRIOR YEARS
CATEGORIES 2008 2007
2006 2005
Manufacturing 4,482
4,804 5,249
5,005
Industries
4,458
4,730 4,876
4,805
Placement Agency
24
74
373
200
Employees
Retail & Service 1,460*
1,342 1,471
1,495
Health Care
732 722
771 737
Government, Utilities &
674 665
691 702
Schools
Finance, Insurance, Real 202
203 216
200
Estate & Legal
Transportation
113 117* 119
114
TOTAL EMPLOYMENT 7,663
7,913 8,517 8,192
EMPLOYEES BY RESIDENCE
2008 2007
2006
2005
Hartford-City & Town 2,705 2,910
2,863 3,019
Other Locations 4,931
4,925 5,281
5,034
Temporary Agency
Employees
27
78 373
200
TOTAL EMPLOYEES 7,663
7,913 8,517
8,253
1. Manufacturing employers total 52, of which 8 companies employ
over 100, totaling 3,408. Manufacturing shows a
decrease of 322. When tabulated, 13 companies had gains of 65
people and 26 companies had losses of 323.
2.
Of the 356 businesses surveyed, 16 did not respond to the residence
item. Thus, 290 people were put into the "Other Locations".
3. The City population as of 12/31/08 is estimated to be 13,700
compared to 13,550 in 2007. The Town of Hartford population was
3,992
as of 12/31/2008 compared to 4,011 in 2007.
4. Examples of the number of employees commuting from “Other
Communities” to work in Hartford, to the extent as reported by
employers:
West Bend 600, Slinger 349, Milwaukee 292, Rubicon 275, Mayville 249,
Iron Ridge 216, Hustisford 187, Neosho 174, Jackson 138, Horicon 136, Beaver Dam 119,
Watertown 105 and Allenton 103. The preceding are 13
communities with 100 or more commuters out of 156 residence-communities tabulated. Such communities alone supply
a total of 2,943 employees to work in Hartford’s industries.
5. Information for this survey was gathered through written
questionnaires and telephone interviews covering 356 business entities.
6. Due to reporting preferences, an assumption was made that 2
part time employees at an average of 20 hours worked have been
converted to 1 full time employee.
7. Flashback: the base year of 1993 showed a total manufacturing
employment of 2,545, at which time the City had a total population of
8,300 approximately.
Compiled by Brenda Jones,
HADC Office Manager
Margin of Error: Plus or Minus 2%
December
18, 2008
For Immediate Release from the Hartford Area Development Corporation
Another Success Milestone for
Hartford’s “Incubator” - The Innovation Center
The Hartford Area Development Corporation (HADC) is pleased to announce
that long time tenant and a start-up business of the Innovation Center,
Key Logo, Inc. has, in effect, become its latest graduate by
purchasing the incubator building. After having invested in a number of
costly additions and renovations over the years, and expanding from
5,904 sq. ft. to over 25,000 sq. ft. to accommodate the growth of their
operations, it was a comfortable alternative to the stresses of building
a new facility.
Key Logo owners, Sue Schoedel, Nancy Holmes and Curt Schicker, are happy
to be staying and continuing to grow their company here in Hartford.
They will work closely with the HADC to allow the other tenants to
continue to lease the extra space in the building. The HADC will also
remain as a tenant and will carry on, from the same offices, with its
strategic plan and mission to promote good economic development in
Hartford, with its main focus on the industrial sector.
“We will continue to nurture (incubate) start-up businesses using
available spaces throughout our community”, says Ed Majkowski, the
Executive Director of the HADC, “just as we have done since the opening
of the Innovation Center in 1990”. Majkowski also noted, “From the
success story of our first ‘hatchling’, Mantz Automation to our latest
‘graduate’, Key Logo buying the whole facility, our concept of working
with small business start-ups has proven to be an important piece of our
mission of creating jobs and good economic growth for Hartford.
With much appreciation and great respect for the nurturing guidance of
former Executive Director, Werner Wolpert and the HADC, Key Logo is
excited to announce that the Innovation Center will now be known as the
“Werner X. Wolpert Business Center”. A dedication ceremony is
being planned for a later date.
Key Logo was founded in the spring of 1995 to specialize in the
embroidery and textile printing industry along with imprinting on
compatible consumer products. They provide contract services to
promotional groups and marketing firms for corporate accounts as well as
special events.
The initial founding of Key Logo was made possible through financial
assistance of the First National Bank of Hartford, who is also the
financial backing for their current purchase of the building.
Hartford Area Development Corporation
Hartford, WI
February, 2008
The Signicast Corporation of Hartford’s Dodge Industrial Park received a
prestigious Wisconsin 2007 Manufacturer of the Year Award for
“Manufacturing Process Innovation”.
Signicast was also honored with the 1998 Manufacturer of the Year Award
for its “Class Act” of pledging a 6 digit amount for the Signicast
Aquatics Center within Hartford’s new recreation facility.
In 1991 the corporation received a Manufacturer of the Year Award for
“Customer Sensitivity” with superb service and technical excellence. In
1997, INDUSTRY WEEK selected Signicast Corporation as an
“America’s Best Plant” finalist.
The corporation is a super precision investment casting producer.
Signicast’s plant in Hartford has 5 interconnected production modules
totaling 437,879 square feet. The current workforce consists of 509
employees. Signicast also has a 99,000 square foot plant in Brown Deer,
Wisconsin, employing 137.
Signicast Corporation’s products are exclusively made in the U.S.A.!
-- AVAILABILITY UPDATE --
DODGE INDUSTRIAL PARK (540 ac.)
HARTFORD, WISCONSIN
Only 19 acres of infrastructured industrial land left for sale!
The initial minimum lot coverage by buildings should be 20% of the lot
area.
Land price reduction will be considered as an incentive for job creation
and quality building construction! Interest free land purchase
financing for 75% of the price over 3 years after closing can be granted
to a qualified purchaser.
Three municipally owned utilities; electric power, sanitary sewer and
water have “safe” local source capacities for future growth.
To counteract the shortage of skilled workers, the HADC and local
industries greatly support technical education.
The technical education department of the Hartford Union High School is
one of the best in the country. Moraine Park Technical Institute is
nearby in West Bend.
Our quality of life motto “Live Where You Work” suggests that there are
positive benefits of living, playing, working and running a business in
Hartford!
A move to Hartford will give you the upper hand!
P.S. National average percentage of household income spent on:
Transportation 29.6%
Housing 27.0%
AVAILABLE MANUFACTURING PROPERTIES IN HARTFORD
Size &
Former Use
Acreage
130,300 sq. ft.
6.84 ac. Metal fabricating
1353 Wacker Drive
plant
Ceiling height 16-26 ft.
Owner/Broker/Contacts & Phone
Gary Luckacek Steve Provancher
262/782-0664
NAI/MLG
262/938-4440
_ _ _ _ _ _ _ _ _ _
16,000 sq. ft.
1.22 ac.
Light manufacturing
1026 Western Drive
space
Jeff Otto
414/322-7224
_ _ _ _ _ _ _ _ _ _
186,000 sq. ft., 13.9 ac. Part
lease 70,000 sq. ft.
Wacker Drive Logistics & & Offiice 3,000
sq. ft.
Whse. (Midas Muffler Plant ) 343 Grant Street
Ceiling height of
100,000 SF = 30 ft.
Al Laufer
262/673-6810
_ _ _ _ _ _ _ _ _ _
21,470 sq. ft. 1.36 ac.
Molds &
dies
1023 W. State Street
Ceiling height 20-25 ft.
NAI/MLG
John McCardle 262-938-4461
Jan Kadow 262-938-4453
_ _ _ _ _ _ _ _ _ _
22,000 sq. ft.
1.59 ac.
Metal Fabricating
Available late 2008
Ceiling height 16 ft.
180 Grant St.
CF Associates, LLC
262/691-1310
_ _ _ _ _ _ _ _ _ _
6,720 sq. ft.
Available Spring 2009
Label Printing
0.88 ac.
Ceiling height 12-14 ft. 1110 Western Drive
George & Debra Kailer
Advance Label Technology
262/673-3008
_ _ _ _ _ _ _ _ _
Industrial building sites with utilities to the lot line:
20,000 sq. ft.
On 6 acres
Build to suit for lease 1625 Independence Ave.
Kevin or Bob Gehring
Jordan Electric
262/673-3700
_ _ _ _ _ _ _ _ _
13,000 sq. ft.
1.0 + acre
Build to suite for lease 1711
Innovation Way
Mark McCune
414/412-9172
_ _ _ _ _ _ _ _ _
Ready To
6.82 acres
Build On
1210 Independence Avenue
Hartford Area Development Corporation
262/673-7009
_ _ _ _ _ _ _ _ _
Ready To
5.56 acres
Build On
2010 Innovation Way
Hartford Area Development Corporation
262/673-7009
|
.gif){kind=small}
