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COVID 19 return of workers

In commenting about the COVID 19 return of workers- Joseph Briggs, an economist at Goldman Sachs (GS), noted in a report to clients in December 2020 that “Young workers’ participation in the labor force has nearly fully recovered – likely reflecting both lower health risks from the virus and a decline in college enrollment – while the participation of older workers and women has recovered more slowly,” He estimates that there were some 830,000 “excess retirees” in October 2020, which represents about a quarter of the difference between the pre-pandemic workforce and the current workforce.   Did you know that having a great Brand image helps in reducing hiring recruitment costs? There is no doubt that it is a highly competitive talent market. Local companies must always work to improve their "Employer Brand" [...]

COVID 19 return of workers2021-02-22T15:37:37-06:00

SMART (BEAR) Discussions

Business Expansion And Retention (BEAR) is a CCEDC economic development strategy that proactively connects with existing businesses to understand and respond to their needs. Special attention is given to our small businesses that employ 150 individuals or less. These existing small businesses and their workforce are key measuring sticks of the Chippewa Valley’s economic health.  It is important that CCEDC continues to build positive relationships with our local businesses, connect with them regularly, and follow up with them when problems are identified. CCEDC aims to proactively address small issues before they arise and become big issues that may impact critical business activities. This is what BEAR Discussions are all about! These (BEAR) discussions center around improving relationships with local governments, educational institutions, and supply chains.  CEDCC would like to thank Klaus Bauer of [...]

SMART (BEAR) Discussions2021-02-10T16:40:06-06:00

October is Manufacturing Month

Across the country, state governors and officials are making it known that Manufacturing Month is well underway, even in the face of changes to the celebrations because of COVID-19. The manufacturing industry is a vital part of Wisconsin's economy, employing more than 475,000 Wisconsinites, accounting for 19 percent of gross domestic products, and contributing over $63 billion to Wisconsin's economy. Due to retirements and economic expansion, there will be significant opportunities for employment in Wisconsin’s manufacturing industry, underscoring the need to ensure a robust talent pipeline now and in the years to come. Manufacturing Month helps to promote manufacturing as a viable career in Wisconsin, build awareness of the contributions of manufacturing businesses, and help future generations to explore career opportunities in manufacturing. Throughout the month, manufacturers will be opening their doors to communities [...]

October is Manufacturing Month2020-10-05T15:09:47-05:00

VES Co-Founder John McBride Announces Retirement

John McBride said he’s dedicated his career to improving the health of cows, which in turn, leads to higher milk production. Since its founding in 2008, VES has been the global leader in innovating Animal-Centered Environments (ACE) to optimize cow health and welfare at many of the world’s most successful dairies. From its headquarters in Chippewa Falls, VES has designed ACEs for customers in 30 countries. VES Environmental Solutions is a premium manufacturer and sourcing company of ventilation equipment for industrial, agricultural and horticultural industries. Their wide variety of air circulation fans, exhaust fans, ventilation fans, ceiling fans, fiberglass fans make them one of the leaders in the HVAC industry. Their team of design engineers has developed some of the most energy efficient, quiet, low maintenance and innovative ventilation components in the world. [...]

VES Co-Founder John McBride Announces Retirement2020-11-11T11:58:26-06:00

New WI COVID-19 Grant Program for Small Farmers- Applications to Open Aug. 10

Although tending our own garden is becoming a more popular hobby during these unprecedented times, many of us still get our food from the supermarket. It is so easy and convenient to drive over to the grocery store, grab a few items and cook a meal. Have you ever stopped to think about where the bulk of your fresh produce, vegetables, meats and other non-processed items come from? They may end their journey at the store, but they began their story on an American farm. Our Wisconsin farmers are crucial to our economy and are vitally important to us,  this is why farmers are encouraged to apply as soon as possible to the Wisconsin Farm Support Program. Chippewa County Economic Development Corporation (CCEDC) was notified that applications for a new round of COVID-19 [...]

New WI COVID-19 Grant Program for Small Farmers- Applications to Open Aug. 102020-08-07T09:31:41-05:00

New Business Loan Program

The Economic Development Administration (EDA) has awarded the West Central Wisconsin Regional Planning Commission (WCWRPC) $500,000 to capitalize a new EDA CARES Act Recovery Assistance Revolving Loan Fund. Applications will be accepted on a first-come, first-serve basis until funds are diminished. Any business in the seven county region (Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix) meeting the below eligibility requirements will be eligible to apply (City of Eau Claire included). Highlights of the new program are: Loans will be limited to small businesses with 10 full-time equivalent (FTE) employees or less Loans will be limited to certain industry sectors believed to be most affected by the COVID-19 pandemic: Manufacturing (NAICS 31-33) Retail Trade (NAICS 44-45) Health Care and Social Assistance (NAICS 62) Arts, entertainment and recreation (NAICS 71) Accommodation and [...]

New Business Loan Program2020-07-28T09:09:16-05:00

Redevelopment Authority Covid-19 Emergency Small Business Relief Program

The City of Chippewa Falls and the Redevelopment Authority deadline is fast approaching for the recently announced "Redevelopment Authority Covid-19 Emergency Small Business Relief Program", which is aimed to assist businesses within the city limits of Chippewa Falls. This grant program is designed to assist in offsetting costs of commercial property mortgages, loans, and leases following the March 17, 2020 "Safer at Home" order. The program offers eligible businesses up to 60 days, up to a maximum of $2,500 for commercial rent, mortgage, or lease payments that became due after March 17, 2020. Who is Eligible: Small businesses with 15 or fewer full-time equivalent (FTE) employees prior to the Safer at Home Order Must be located in a brick and mortar storefront as a major tenant or owner, within the City of Chippewa Falls [...]

Redevelopment Authority Covid-19 Emergency Small Business Relief Program2020-06-18T11:09:04-05:00

Paycheck Protection Program and WEDC’s We’re All In

CCEDC would like to share valuable information on two new developments that have been shared with our organization regarding the Paycheck Protection Program and WEDC's We're All In Grant Program. Changes to the Paycheck Protection Program (PPP) were signed into law.  The changes add flexibility to use the funds.  Changes to the PPP include: Small businesses can use the funding for up to 24 weeks, instead of the original eight weeks Instead of requiring 75% of the funds to be used for payroll costs, that amount is dropped to 60% Initially employees needed to be rehired by June 30, that is now extended to December 31 If the loan is not forgiven entirely, businesses have up to five years to pay it back, instead of just two years Repayments are deferred until the [...]

Paycheck Protection Program and WEDC’s We’re All In2020-06-08T14:20:38-05:00

WEDC’s We’re All In $2,500.00 Grant Program

CCEDC has learned more on WEDC’s We’re All In $2,500.00 Grant Program and we will continue to assist local businesses as we learn more. At this time CCEDC would like to provide you with what we know about this Grant Program. The Wisconsin Economic Development Corporation (WEDC) will be accepting applications online from 8:00 AM on Monday, June 15 to 11:59 PM on Sunday, June 21. The general application process is as followed: There are around 95,000 companies in Wisconsin with 20 or less employees and only 30,000 grants available. Because of this, some eligible businesses that apply may not receive a grant. Here is the process of determining who is going to receive the grant. The grant will not be first come, first serve. WEDC will take applications throughout the application period [...]

WEDC’s We’re All In $2,500.00 Grant Program2020-06-05T09:24:47-05:00

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