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 [...]
Next up in our article series: The Definitive Guide to Revolving Loan Funds, we are tackling the top 5 myths surrounding the Washington County, Wisconsin RLF. We look at misconceptions about qualifying for, getting approved for and repaying a loan. MYTH #1: Your financial information and plans become public knowledge when you obtain an [...]
RLF is the commonly-used acronym for a Revolving Loan Fund. It refers to a pool of capital available for small businesses in need of financing for development and growth projects. In general terms, businesses apply for loans and those requests are reviewed by an independent committee, much like a bank. If approved, the loan [...]
When talking about financing deals, the story can get lost in the facts and figures. We recently collaborated with MBW of Slinger, Wisconsin to help them move forward with their ambitious growth plans. To understand why you should care, you really need to know the type of company MBW is, the impact they have had [...]
Community leaders, employers, and employees have long expressed concerns over the perceived inventory and affordability of housing in Washington County. Recently Washington County retained EDWC to conduct a comprehensive study on housing. Washington County Housing Availability & Affordability Key Findings Through that study, we identified several key findings regarding housing affordability for the workforce [...]
For 32 years, Dawn and Art Hahn led and grew Slinger, WI-base Weld-Fab Manufacturing into a thriving business. In a win for the Hahns, the Washington County community and the employees of Weld-Fab, they recently sold their business to fellow locals with extensive roots in manufacturing. With the help of financing from EDWC’s Impact Loan [...]
It is always a good day when we help close a deal that leads to the realization of a business owner's dream. In a year that was full of challenges, it was doubly special in late 2021 to help Housewares Distributors, Inc. (HDI) secure the financing necessary to fuel their expansion plans. Getting the Deal [...]
