Today, we honor those we lost on 9/11 and all the first responders, including civilians who risked their lives to help their fellow citizens. Today, CCEDC would like to remind you to remember that feeling of unity 19 years ago as we embark on these difficult times. Now more than ever we need to remember all front-line hero's who are continuing the battle here in the United States. We thank you. We will never forget. #UnitedWeStand
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 [...]
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 [...]
Tobi LeMahieu, Fund Manager from Regional Business Fund, Inc (RBF) presented her topic, "Development Toolbox 101/Revolving Loan Funds", where attendees learned about the multiple funding options that are available to small businesses throughout the Chippewa Valley. RBF offers low-interest loans to businesses that expand within the region, diversity the economy, add new technology, revitalize buildings in the region's downtown's, create or retain quality jobs and leverage private capital investment in the region. Attendees were also refreshed on the various types of loans which included revolving loan fund, micro loan fund, growth loan fund and facade loan fund. The event was sponsored by both BMO Harris Bank and Martino's Restaurant!
The Chippewa County Economic Development Corporation (CCEDC) is paving the way for local entrepreneurs and assisting them in bringing their business ideas alive by organizing and hosting the Chippewa Valley HATCH Program. Fostering more Startup entrepreneurs makes sense because of the role they play in helping the Chippewa Valley grow and prosper. CCEDC once again teamed with the BrightStar Wisconsin Foundation, Inc. and several area local businesses at Cowboy Jack’s Saloon in Altoona, WI on Thursday October 17, 2019 to further develop the entrepreneurial eco-system. The HATCH Program-in its second year- is a rotating, high-energy idea pitch program designed to facilitate connections between prospective entrepreneurs and those within a community who support them such as industry experts, professional service firms, banks, non-profits, business leaders and investors. “Brightstar and WEDC were impressed with the [...]
Catalytic Combustion Corporation (CCC) continues to grow in Chippewa County, Wisconsin. The company began construction on an additional 15,000 sq. ft. of production space scheduled for completion by the end of 2019. The Phase III expansion project when completed will provide the company a total of 90,000 sq. ft. of modern heavy industrial fabrication and manufacturing floor space. The additional manufacturing space will also support the continued investment and growth of the company’s catalyst and coatings business and products. A new Catalyst Research & Development lab is also being built within the existing Riggs Street facility to include new coating and catalyst testing and laboratory technology equipment. “We are pleased to continue the investment and commitment to our hometown of Bloomer, Wisconsin, and the local community,” Mark Ruff, President/CEO of CCC said. “Since [...]
On September 19th, 2019 Chippewa County Economic Development Corporation (CCEDC) held its monthly Board of Director's (BOD) meeting at the new Hoeft Builders location in Altoona, WI. The board discussed topics that included planning for HATCH 2019, Business at the Gardens, Manufacturing Month, CareerTek and the strategic planning efforts that this year's BOD's will be gearing towards. CCEDC would like to thank Hoeft Builder's for their hospitality in their beautiful new building!
