June 2013

Survey finds more small businesses exporting; others considering it

More small businesses are exporting their products and services than they were three years ago, according to a survey conducted by the National Small Business Association.  The survey also found that many small businesses that aren’t exporting are interested in doing so in the future. ... Read More

John Batten to succeed Michael Batten as Twin Disc CEO

RACINE — The top executive post of one of Racine’s largest homegrown companies, Twin Disc, is being passed to another generation of Battens.  On Tuesday the company announced that current President and Chief Operating Officer John Batten will become president and chief executive officer on Nov. 1.  His father, company Chairman and current CEO Michael Batten, 73, will retire from the chairman role Dec. 31 but continue to serve as non-executive chairman of the board of direct... Read More

Reports reflect Fed's message of stronger economy

The U.S. housing recovery is strengthening. Factories are fielding more orders. And Americans' confidence in the economy has reached its highest point in 5 1/2 years.  That brightening picture, captured in four reports Tuesday, suggests that the economy could accelerate in the second half of the year. It underscores the message last week from the Federal Reserve, which plans to slow its bond-buying program this year and end it next year if the economy continues to strengthen. The Fed... Read More

Launch Box partners to open Downtown consultation, work space for entrepreneurs

RACINE — Launch Box, a cooperative effort to foster small-business startups and development, will reopen in a new Downtown space this summer that will offer both technical assistance and working space for entrepreneurs.  After renovations, Launch Box will begin operating in 2,668 square feet of space in the State and Main building, 141 Main St., Racine County Economic Development Corp. announced. An early August opening is expected. ... Read More

Angel investor tax credits help raise $164 million for start-ups in 2012

Investors in 63 early-stage companies received $12.1 million of tax credits from the state in 2012 under a program designed to spur funding for young, high-tech companies, according to a report that will be released Wednesday by the Wisconsin Economic Development Corp.  Those tax credits, in turn, helped the companies raise $164.7 million during the year, the report says.  "The tax credits do help people get off the bench, that's clearly true," said Tim Keane, who runs th... Read More

Wisconsin LEDs light up LA's streets

LED street lights from Wisconsin helped the city of Los Angeles complete the largest LED street light replacement program in the world. Los Angeles Mayor Antonio Villaraigosa said the $57 million project resulted in the retrofitting of 141,089 street lights with LED bulbs. Los Angeles hired BetaLED, a division of Ruud Lighting in Sturtevant, to carry out the retrofit program when it was launched more than four years ago. ... Read More

CNH Industrial name announced

BURR RIDGE, ILL. — Fiat Industrial and Case-New Holland Global have announced the name of the Fiat Industrial subsidiary, FI CBM Holdings, into which Fiat Industrial and CNH are proposed to be merged, will be changed to CNH Industrial.  If the mergers are approved by the requisite votes of the Fiat Industrial shareholders and CNH shareholders, CNH Industrial’s shares will be listed on the New York Stock Exchange shortly after the closing of the merger. ... Read More

Utility to raze former CNH Capital building; City will buy cleaned parcel

RACINE — We Energies and the City of Racine have agreed that the utility will demolish the former CNH Capital building at 233 Lake Ave., clean up the site and sell the city a mostly open parcel — instead of giving it the building for free.  City Administrator Tom Friedel said Monday that the city will buy a clean, 3.5-acre parcel for $150,000 instead of taking the building as is — one sitting atop contaminated soil — for nothing. ... Read More

Schools of Hope expanding, needs tutors

RACINE — A reading program that brings volunteer tutors into Racine Unified elementary schools is expanding next fall and needs more volunteers.  The Schools of Hope program began this school year at Olympia Brown, Wadewitz, Fratt and North Park elementary schools. Next fall it will grow to include Giese, Janes, Roosevelt and Johnson elementary schools, according to Schools of Hope Coordinator Jessica Safransky. ... Read More

Racine Dental gets SBA loan for $12M facility

Racine Dental Group SC received a $4.6 million  ... Read More