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SBA Bridge Loans Available Starting in June
Hoeschele named Director of HAD
Mantz Automation-SBA Small Business of the Year Nominee

C
orporation Meeting Held April 22, 2009
Werner X. Wolpert Day In Hartford
Hartford Employment Survey - 2008
The Innovation Center-Another Success Story
Signicast Corporation Receives Award
Only 19 Acres Still Available-Dodge Industrial Park
Available Manufacturing Properties in Hartford

                    
 

               

Friday, May 22, 2009

Recovery Report

SBA bridge loans available in June

"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.

 

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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

 

###

 

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Mantz Automation Inc.

Top 10 Small Businesses of the Year

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

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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.
 


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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

 

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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.   

    Sue Curt Nancy Heidi.jpg

         (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. 

       blue honorary sign.JPG

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.

 

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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%

 

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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

 

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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.!



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-- 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%

 

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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 


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