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Entries for July 2017

31

(Beloit, WI) Ashley McCallum, Gazette

Beloit Health System and the new Stateline Family YMCA Ironworks branch have partnered to create a sports medicine and physical therapy facility that will become operational with the formal opening of the YMCA on Aug. 18.

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28

(Rock County, WI)

According to the quarterly release of the 2017 Rock Ready Index, economic momentum continues to move Rock County forward. Highlights from the Q2 report include the following:

For the fourth quarter in a row, the average annual Unemployment Rates for the County / State / U.S. remained below five percent. This same general theme held true for job posting activities too, as regional job openings reached over 30,000 for the fourth consecutive quarter. Once again, employment openings throughout the region were dominated by Healthcare, Transportation & Material Moving and Office & Administrative Support Occupations. With the release of a new statewide internship database, known as WisConnect, employers are encouraged to add this tool – along with Inspire Rock County and Jobs in Rock County – into their portfolio of recruitment resources.

Housing prices for the quarter set another record, with an average sale price of $157,833. When compared to the same time period a year ago, this represents a four percent increase. Meanwhile, the current quarter’s price point was 13% higher than last quarter. During Q2, nearly 75 single-family and condo/duplex residential permits were issued. Strong demand, as well as a depleted stock, are fueling countywide housing activities.

The County’s Sales & Use Tax collections remained solid, albeit not as robust as prior quarters. With nearly $3.2 Million collected, the trajectory for the remainder of the year remains optimistic. This activity, coupled with other variables, are supporting both new and infill retail and/or hospitality projects throughout the County. Case in point: two hotel projects have been announced and indicators suggest another pair of lodging announcements might be following soon.   

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, remained populated by a diverse grouping of value-added projects. Consequently, the volume of investors and end users expressing an interest in building and/or occupying existing space throughout Rock County is strong. As these inquiries hopefully transition into real estate transactions, the area’s available buildings and sites inventory will require restocking.

Speaking of transactions, this quarter’s featured project is Diamond Assets LLC – which announced they are relocating and expanding their operations in Milton’s Crossroads Business Park. Once their 59,000 SF is ready for occupancy, this niche electronics refurbishing and distribution company expects to eventually grow their staffing levels by a factor of two or more.

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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27

(Madison, WI) Mark Maley, WI Economic Development Corporation

Foxconn Technology Group (Foxconn), the world’s largest electronics manufacturing services provider, has announced it will invest $10 billion by 2020 to build a world-class manufacturing campus in southeastern Wisconsin. This project represents the largest corporate attraction project in U.S. history as measured by jobs.

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27

(Janesville, WI) Neil Johnson, Gazette

The Woodman's on Lexington Drive is the first grocer in Janesville to offer online grocery shopping with at-store pickup. The Janesville-based grocery chain unveiled the service Wednesday through its electronic app, Shop Woodman's, amid a flurry of interest by local shoppers.

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20

(Janesville, WI) Gary Kohn, Blackhawk Technical College

In today’s global economy, businesses are constantly seeking opportunities to gain a competitive edge, something Blackhawk Technical College (BTC) knows all too well. With that challenge in mind BTC is excited to report that $283,161 in Workforce Advancement Training (WAT) grants have been secured for nine different area businesses. These grants will be used during the 2017-18 academic year for customized employee training designed to improve productivity and competitiveness, augment the state’s economic base, and expand technical college training services to business and industry.

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18

(Madison, WI) WI Department of Workforce Development

Today, Governor Scott Walker announced the launch of WisConnect, a free, 24-hour online resource that matches employers seeking interns with college students seeking opportunities to apply classroom knowledge and build professional networks in Wisconsin.

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17

(Beloit, WI) Hillary Gavan, Beloit Daily News

Area youth attended the Hendricks CareerTek Engineering and Construction Academy last week and were eager to show off their new creations, which included picnic tables and planter boxes. The youngsters said they learned a lot from Corporate Contractors, Inc. (CCI) associates who worked alongside them.

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12

(Beloit, WI) Austin Montgomery, Beloit Daily News

Plans have been submitted to the city to build a Home2 Suites hotel by Hilton adjacent to the Hampton Inn on Reynolds Drive, officials confirmed Tuesday.

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10

(Rock County, WI) A report highlighting the use of the County’s web-based career preparation and readiness platform, which is powered by Career Cruising, was released today. The Spring 2017 Inspire Rock County Report provides a snapshot of the activity, engagement, and trends generated from this workforce development tool. A brief summary of the report is provided below.

The number of students and/or young adults actively using or building-out their Academic and Career Plans (ACP) continues to increase. This most recent school year, combined with the prior academic year, has generated nearly 390,000 Career Page Views. During this same time period, approximately 175,000 student and instructor logins were recorded, as well.

Message board posts, which represents one measure of engagement, continue to ramp-up as more than 3,600 online exchanges have taken place between students and career coaches. While this posting activity grows each year, a tremendous amount of untapped career coaching capacity remains ready and available for student use.

In terms of work-based activities, data collected from the school districts of Beloit and Janesville demonstrates that fall 2016 – Spring 2017 was very busy. Nearly 750 business partners stepped forward to participate in more than 300 events, ranging from mock interviews to internships. Combined, these engagement activities reached 6,000 + students.

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06

(Janesville, WI) Neil Johnson, Gazette

Boardtracker Harley-Davidson is getting into more than just selling Harleys.

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04

(Edgerton, WI) Jim Dayton, Gazette

Edgerton has believed since at least 2000 that more residential development would spark a downtown revitalization.

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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

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