May 5, 2011 Newsletter

Posted by SCEDC on 5 May 2011 | 0 Comments

Developer Sought for Downtown Market-Rate Apartments

Almost one year since completing a 'Promise of Sheboygan County 2020' retreat to discuss opportunities to improve the county, an industrious group of local young professionals has completed a survey to determine the demand for market-rate apartments in Downtown Sheboygan. The results of the survey indicated that there is a strong demand among young professionals with the following demographic attributes:

Age: Between 20 and 29
Education: Obtained a Bachelor's degree
Marital Status: Single, never married
Children: No children, but plans to have them
Household Income: $40,000 - $59,999

Characteristics of the ideal downtown market rate apartments are:

Rent: $600 - $999
Bedrooms: 2
Desired Features: Washer/dryer; Patio/deck; Master suite; Storage area
Building Amenities: Garage parking
Ideal Location: Near water

Several greenfield sites in Downtown Sheboygan are suitable for development of market-rate apartments, most within existing TIF Districts and eligible for New Market Tax Credit financing. To explore opportunities to meet the needs of this market, please contact Chad Pelishek, City of Sheboygan Development Manager, at (920) 459-3383, or view the survey results at www.SheboyganCountyEDC.com/DowntownHousing.

Welcome New Board Members

Seven new board members recently joined the SCEDC, representing business across the county. In 2012, we welcome:

Dan Eck - Senior VP of Administration, Lakeland College

Bob Heimerl - President, Abacus Architects

Eric Sandvig - Plant Manager, Alliant Energy

Matt Quasius - Director of Operations, Quasius Construction

Jodi Schoerner - VP Finance, Masters Gallery Foods, Inc.

Steve Mech - President, CSA Commercial

Teresa Van Horn - President, Van Horn Chevrolet

View all of our board members by clicking here.

Important News for Importers

In March, the Port of Milwaukee applied to expand its general Foreign Trade Zone (FTZ) #41 to include areas within a 60-mile radius of the Port, including Sheboygan County. As a result, local companies that successfully apply for participation in the FTZ #41 will no longer be required to pay duties on imported products and raw materials that: (1) are used in manufacturing of products that are consequently exported, and/or (2) are discarded as waste within a manufacturing process. This presents an outstanding opportunity for companies to save on duties and tariffs (calculate estimated savings worksheet) and reduce paperwork for duty drawback.

To learn more, visit www.SheboyganCountyEDC.com/FTZ.

SCEDC Begins the Search for a New Director

After more than two years of leading the SCEDC's county-wide economic development efforts, Executive Director Patrick Drinan is stepping down to join the state's lead economic development organization, the Wisconsin Economic Development Corporation (WEDC).

The SCEDC is now accepting resumes for the Executive Director position. The position requires a bachelor's degree in Economic Development, Business Administration, or related field, wiith a minimum od five years of related experience. Certified Economic Developer (CEcD) or Economic Development Finance Professional (EDFP) certification preferred.

Full position information and application process can be viewed at www.SheboyganCountyEDC.com/Jobs.

Apply Now for the 2012 Inc. 500|5000

Applications now being accepted for the 2012 Inc.500|5000. Winners will be listed with other leading companies at Inc.com, and your company may be featured in Inc.'s September 2012 issue. Click here to apply.

Got Guidance?

Understanding that small business owners and entrepreneurs face a variety of challenges requiring sound information and guidance, the SCEDC now offers free online guides that cover the following topics:

Small Business Financing
Entrepreneurship Resources
Export-Import Assistance
Workforce Recruitment and Development

Each guide features a chart that identifies incentives and resources for a variety of circumstances. The resources are briefly described and accompanied by links to more detailed information.

Check out the new guides, at www.SheboyganCountyEDC.com/Guides

'The Promise' Video Wins Award

In February at the San Antonio Independent Christian Film Festival (SAICFF), 'The Promise of Sheboygan County' won the "Best Promotional Media" award. Thank you to the Leclerc Brothers Motion Pictures for entering the film in the competition! You are invited to take another look at this award-winning documentary, below.

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