Monday . October 21 . 2019     |      Search

Entries for May 2017

24

(Janesville, WI) Neil Johnson, Gazette

The former Kennedy Homes, a residential development that failed nearly a decade ago, could soon see some action under new ownership.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
17

(Janesville, WI) Upper Lakes Foods, Inc. is expanding its distribution network by moving into the City's East Side Business Park, where it has signed a long-term lease for 100,000 SF. The company, which anticipates having its new Janesville facility operational by Q3 2017, is actively hiring and training employees to reach the company’s 50+ staffing benchmark.

"We believe strong communities build strong businesses. Being a part of the Janesville community, where many of our employees live, is an exciting opportunity for Upper Lakes Foods. We look forward to continuing our 50 year legacy and providing our customers the excellent service we are known for," said Upper Lakes Foods President Susan R. Ryan.

Established in 1967, Upper Lakes Foods (ULF) is a family-owned, privately-held wholesale food distributor that services healthcare, institutional and quick-service restaurants within the extended Midwest. ULF carries over 14,000 name brand products, ranging from fresh to frozen and from poultry to produce. Renowned for its customer service and multi-tiered quality assurance processes, ULF is also recognized for its fleet, facilities and operational sustainability initiatives. In addition to Janesville, the company has two Minnesota locations.

Gilbank Construction, Inc. provided construction services for the project, while Angus Young Associates performed the architectural, design and engineering services. The property, which was developed and built on speculation, is managed and owned by Badger Property Investments. Tenant representation was provided by Steve Nilsson (Colliers – Twin Cities Office) and Bill Langhoff (Colliers – Milwaukee Office), while Bill Mears (Coldwell Banker McGuire Mears & Associates) provided building owner representation. 

To facilitate this project, the City of Janesville approved a Tax Increment Financing package.

According to James Otterstein, Rock County Economic Development  Manager, "This project reinforces the power of leveraging market proximity with right-sized and optimally timed real estate investments. Moreover, this announcement provides another example of how the Janesville-Beloit MSA is continually attracting new targeted industry investments.”

[Read the rest of this article...]

Actions: E-mail | Permalink |
12

(Janesville, WI) Catherine Idzerda, Gazette

On Friday, the Janesville School District along with Junior Achievement and the Job Center of Wisconsin hosted a teen job fair at Craig High School. The event was for all district juniors and seniors.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
11

(Town of Beloit) Ryan Silvola, Beloit Daily News

Students at Beloit Turner High School will be able to obtain credit for Blackhawk Technical College starting next fall while taking classes at the high school.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
11

(Janesville, WI) Neil Johnson, Gazette

After months of apparent delays, cooking spices retailer Penzeys Spices plans to open a new store in Janesville later this month, the company confirmed.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
11

(Janesville, WI) Jake Magee, Gazette

Part of the city's town square will look much different come September, and at least one decorative addition will be the result of community donations.

Forward Janesville's charitable organization, Forward Foundation, has raised the $300,000 necessary to install an interactive water fountain in the town square's southwest quadrant.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
10

(Beloit, WI) Hillary Gavan, Beloit Daily News

A proposed concept for the development of land surrounding Beloit Memorial High School is being touted as a way to recruit new students, families and staff to the school district and give a powerful first impression to visitors.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
09

(Janesville, WI) Neil Johnson, Gazette

Rock County tourism is growing as more large-scale events draw more foot traffic and a recovering economy has those visitors spending more lavishly.

MORE INFO

[Read the rest of this article...]

Actions: E-mail | Permalink |
09

(Rock County, WI) According to the quarterly release of the 2017 Rock Ready Index, Rock County’s economy started the new year in a very strong position. Highlights from the Q1 report include the following:

For the third quarter in a row, the average annual Unemployment Rates for the County / State / U.S. remained below 5%. This same general theme held true for job posting activities too, as regional job openings reached over 30,000 for the third consecutive quarter. Transportation & Material Moving Occupations, followed by Healthcare Occupations, represented the majority of these postings. Meanwhile, employers from every industry sector are constantly retooling or refining their talent attraction / recruitment offerings to gain a competitive edge. One workforce tactic area employers are beginning to embrace is www.JobsInRockCounty.com . On a monthly basis, this online job board and information portal attracts over 9,700 page views.

Housing prices continued its move upward, particularly within the context of historical Q1 comparisons – where Q1 2017’s average sale price notched a decade-high mark. Anecdotally, one consistent thread reported by home sellers and buyers alike is this: the pace of transactions is brisk and be prepared to pay full asking price, plus cash, to close the deal. In terms of the rental market, conditions are equally challenging as demand is outpacing the area’s supply. Consequently, there is an uptick in apartment and/or townhome planning activities throughout the County.

The County’s Sales & Use Tax collections remained blazing hot, as a new first quarter benchmark of $3.27 Million was established. This new threshold represents more than a 6% increase from Q1 2016 and a 23% jump from Q1 2008’s collections, respectively. Favorable conditions throughout 2017 should position these collections for an opportunity to exceed the $13.5 Million year-end mark. 

New to the RRI is the Economic Development (ED) Pipeline, which provides an aggregate snapshot of the industrial / warehousing and select commercial development opportunities expressing an interest in SC WI, the Janesville-Beloit MSA and/or the Stateline area. A pair of noteworthy items include the following: SF or building size are geared toward larger footprints and strong representation from the region’s targeted industries.

Speaking of opportunities and targeted industries, this quarter’s featured project is TRU Aseptics – which purchased a vacant manufacturing plant in Beloit’s I-90 Business Park. Although technically considered a start-up, TRU’s management team is seasoned and well connected within the food and beverage industry. As such, TRU is positioned to be the only aseptic production plant in North America to blend, compound, unitize and aseptically fill various fruit, vegetable, plant and dairy-based ingredients. From customized to large batches; and from bags to boxes; TRU Aseptics will provide safe, high-quality, shelf-stable products that are preservative, artificial and refrigeration ingredients-free. Supply chain considerations, real estate functionality and a favorable business climate were important factors driving TRU’s Beloit site selection decision. The Beloit facility is expected to be fully FDA validated in Q3 2017 and have staffing levels approaching 50 full-time employees.

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 .


[Read the rest of this article...]

Actions: E-mail | Permalink |

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