While often used interchangeably, a Tax Incremental District (TID) and Tax Incremental Financing (TIF) have distinct meanings. Tax Incremental Districts (TIDs) and Tax Incremental Financing (TIF) collectively are economic development tools used by local governments to promote development and redevelopment, thus stimulating growth in carefully targeted areas. A Tax Incremental District (TID) is a specific [...]
EDWC recently facilitated financing through the Washington County Impact Revolving Loan Fund to help Norse Building Products improve employee safety and increase manufacturing efficiency. Businesses in Washington County often turn to EDWC when looking to build a new facility, add onto an existing building, or re-locate to and outfit a building in Washington County. Usually [...]
EDWC is not your typical economic development organization. Don’t get us wrong. We started out that way. But we took a hard look at the work we did for our Washington County, Wisconsin municipalities and decided there was a better way to deliver maximum value to every municipality. Here’s how we do economic development differently [...]
EDWC recently worked closely with Kurt Kappeler, CFO, on structuring the financing for MOTIS Brands, Inc.’s new manufacturing center in Germantown. The facility will support the accelerated growth of MOTIS and several of its Brands. The new facility, located in the Germantown Gateway Corporate Park, should be ready for occupancy in Spring 2023, and the [...]
As we bid farewell to 2022, it is only fitting to look back and celebrate the impact the Washington County Revolving Loan Fund (RLF) had on the community last year. History of the Washington County Revolving Loan Fund A bit of a history lesson is in order. It was 2005 when Washington County first partnered [...]
EDWC recently leveraged the Washington County Impact RLF program to assist with financing the build-out of the only commercial space located within The District development in West Bend. The residential complex, located at the corner of Main Street and Washington Avenue, will house in its commercial space the second location for 1840 Brewing Company. The [...]
The opening of Milwaukee Tool’s hand-tool manufacturing facility in the West Bend Manufacturing Center was big news this summer. Milwaukee Tool invested $55 million, created 150 jobs and is already making plans for future expansion. According to Tim Albrecht, President of Hand Tools, Storage & PPE for Milwaukee Tool, the West Bend Manufacturing Center provided [...]
In our previous articles about the Washington County Revolving Loan fund (RLF), we have mentioned that EDWC acts as the administering agent for the RLF. Let's break down exactly what that means. Our relationship with area businesses begins as an information resource. We field inquiries about the RLF and work with businesses to understand whether [...]
In 2019, we worked collaboratively with Rock Machinery, LLC to secure financing to re-locate their facility from Saukville to Allenton, WI. Ready for more growth, Rock Machinery sought EDWC's assistance to fund construction of a 10,000 sq. ft. “cold storage” warehouse on the site of Rock Machinery’s Allenton headquarters. This building will create space to [...]
Have our past two articles on Revolving Loan Funds piqued your interest? Perhaps you are now asking yourself, “How can my business use a RLF loan?” A key aspect of this funding option is its flexibility. A loan from a Revolving Loan Fund (RLF) can be used by businesses from a variety of industries [...]
