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Entries for January 2018

26

(Rock County, WI) A series of media stories, an awards celebration and a quarterly economic report featured a number of positive developments this week for the Janesviille-Beloit MSA. For additional information, click on the links provided below.

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25

(Rock County, WI) According to the quarterly release of the 2017 Rock Ready Index, the Janesville-Beloit MSA wrapped-up another strong year. Highlights from the Q4 report include the following:

For the sixth quarter in a row, the average annual Unemployment Rates for the County / State / U.S. remained below five percent. This same trend existed in the help wanted realm too, as regional job openings reached over 30,000 for the sixth consecutive quarter. Once again, job boards throughout the year were dominated by Healthcare, Transportation & Material Moving and Office & Administrative Support job postings. Meanwhile, production related postings during the year – particularly in Rock County – enjoyed a healthy boost. For an overview of the types of jobs available throughout the area, ranging from entry level to upper management, visit www.JobsInRockCounty.com 

Housing prices for Q4 2017 established a new benchmark, with an average sale price of $164,095. As a matter of fact, this price point represents the highest quarterly average recorded by the County.  Despite this price appreciation, Rock County has a significant affordability advantage over its nearest (WI) metropolitan peer. In 2017, the average sale price of a single-family home in Rock County was $157,168, while Dane County’s price point was $295,410. Nearly 200 new single-family home permits were issued throughout Rock County during the calendar year, as well.

The County’s Sales & Use Tax collections remained solid, with over $3.6 Million dollars recorded during Q4. Strong cash register activities throughout the entire year pushed the County’s year-end totals beyond $13.7 Million dollars. These increased collections, in part, are linked to the County’s employment and wage gains – which have achieved various Top 10 and Top 25 national benchmarks, respectively. As a result, retail corridors and Central Business Districts countywide are consistently experiencing steady brick-and-mortar activity. 

The Economic Development (ED) Pipeline for 2017 was populated by a cross-section of industry sectors, totaling more than eight million square feet and an aggregate capital investment valued at $947 million dollars. In 2017, manufacturing related projects represented 50% of the pipeline’s total activity levels. Regardless of industry sector, right-sized real estate and talent availability remain priority locational focal points.

This quarter’s featured project is Commercial Development Company (CDC), which purchased the former GM Janesville property. CDC is a leading North American commercial real estate and brownfield redevelopment company, with an extensive redevelopment portfolio that exceeds 50 Million square feet throughout North America. Within 12-18 +/- months, CDC expects to have the 250 +/- acre campus positioned for redevelopment opportunities. 

The Rock Ready Index (RRI) is a quarterly economic development dashboard compiled and distributed by the Rock County Development Alliance. The RRI covers four topical areas: Workforce (Job Postings and Unemployment Rates), Real Estate (Residential, Commercial or Industrial) Trends, Sales (Tax Collection) Activities and a snapshot of the ED Pipeline's growth and/or investment opportunities. Each Index also includes a Project Profile section, which highlights project specific news during a given quarter.

For additional information, visit www.RockCountyAlliance.com .


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21

(Janesville, WI) Neil Johnson, Gazette

Recent booms for United Alloy and other local companies have kept Janesville among the top 40 best-performing small cities in the U.S. for three straight years, according to a report released this month by California economic analyst Milkin Institute.

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10

(Janesville, WI) Neil Johnson, Gazette

Beloit resident Joe Stadelman drives 20 minutes every day to his office in Janesville. Stadelman said he can’t imagine losing several hours a day traveling to and from work. It’s not a lifestyle he’d choose.

Over the next six months, the state’s main economic development group plans to ride social media and other advertising platforms to sell Wisconsin as a vibrant state that offers more affordable living, more leisure time and loads less commuting time than life in Chicago.

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09

(Janesville, WI) United Alloy, Inc. (UAI) is expanding its footprint by adding a new 100,000 SF production facility. In addition to increasing the company's overall production capacities, this new structure will house a new painting system and facilitate finished product distribution. UAI will also be expanding its existing facility by 7,500 SF. More than 50 new full-time jobs will be created as the result of these expansion projects. 

UAI is a preferred designer, manufacturer and powder coater of certified metal tanks, skids, frames, trailers, chassis and related products crafted to world-class quality standards in strategic partnership with global Fortune 500 OEM customers. As a recognized serial production supply partner, UAI implements cutting-edge technology and innovation related applications to ensure its products and processes meet customer, as well as accredited 3rd party provider, requirements. In addition to its ISO 9001:2008 and WBENC woman/minority owned business certifications, UAI is also UL142 and UN31A certified. 

To facilitate this project, the City of Janesville approved the issuance of an Industrial Revenue Bond and it also structured a Tax Increment Financing (TIF) package. 

TJK Design Build is providing the project's construction, design and engineering services.

According to James Otterstein, Rock County Economic Development Manager, "This expansion is yet another example of the thriving manufacturing environment that exists within the Janesville-Beloit MSA. Furthermore, it demonstrates the ongoing support that companies continually receive when they invest and expand their Rock County operations."

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08

(Town of Beloit, WI)  Ryan Silvola, Beloit Daily News

Several economic development projects in the Town of Beloit could be coming to fruition this year.

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05

(Janesville, WI) Neil Johnson, Gazette

Marcus Lemonis, owner of the former Gander Mountain chain, said the outdoor sporting goods seller — now rebranded as Gander Outdoors — is set to open 11 Wisconsin stores by late May, including one in Janesville.

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5.0 UPDATES

For additional Rock County 5.0 information, click on the listings below and/or send an email to info@rockcounty5.com

Q3 2011

Q2 2011

Q1 2011

Q4 2010

Q3 2010

Q2 2010

Q1 2010

Q4 2009