October 2013

Working together to preserve history, spur development

Legislation in favor of Mom, apple pie or economic development.  That’s the short list of what it seems to take to get bipartisan backing for legislation in these hyperpartisan times.  Fortunately, that’s the kind of support we saw in the last couple of months when local legislators got behind a bill that would double a state tax credit used to redevelop historic buildings. ... Read More

RAMAC to bestow annual business awards

Racine Area Manufacturers and Commerce will soon bestow its annual RAMAC Business Awards in the program’s 31st year.  “We believe that it is important to take a moment once a year and recognize some of the many accomplishments and success stories that have occurred in the past year,” stated RAMAC interim president Drew Abram.  “We all tend to focus on problems and issues and don’t spend enough time recognizing and celebrating those who have had a positive ... Read More

SEC releases rule for start-ups to 'crowdfund'

Washington — Entrepreneurs and start-up companies looking for investors will be able to solicit over the Internet from the general public under a new proposal issued by U.S. regulators on Wednesday.  The "crowdfunding" proposal, if adopted by the Securities and Exchange Commission, would be a major shift in how small U.S. companies can raise money in the private securities market. ... Read More

Uptown China restaurant opens in first Uptown revival building

RACINE — Uptown China restaurant opens today in the first building the City acquired in the now-defunct Uptown Artist Relocation Program this morning.  The opening continues the recent flare-up of activity in and around the historic Uptown business district including: - The $1.2 million redevelopment project nearing completion in the 1100 block of Washington Ave. It includes an Ayra’s convenience store/gas station and Subway restaurant. - Uptown Pub & Grill, announced earlie... Read More

Launch Box Opens

Launch Box Manager Kristin Niemiec delivers comments to an audience gathered at the grand opening at the new office space at 141 Main St., Suite 2 on Tuesday, October 22, 2013. Launch Box is a cooperative program among nine area business groups to foster entrepreneurial efforts. ... Read More

Launch Box to host part-time Procurement Institute office

It may be that a few more federal government contracts are in the Racine area’s future. A new local center for small business will house a nonprofit office that helps companies connect with U.S. defense and other contracts. ... Read More

Assembly backs tax credits to restore historic buildings, despite questions

Madison — As the public focuses on a $100 million proposed tax cut flowing to most state residents, lawmakers of both parties Thursday quietly rushed through another break — possibly almost as big — to a select group of developers.  The Assembly passed the bill on a landslide 88-4 vote, with only conservative Republican Reps. Rob Hutton of Brookfield, Chris Kapenga of Delafield, Adam Neylon of Pewaukee, and Stephen Nass of Whitewater voting against. ... Read More

Launch Box opens free working space this week

RACINE — Launch Box was announced in late 2011 as a way to help entrepreneurs get started and business start-ups grow.  But it never had much of a permanent or visible home — until now. This week Launch Box will show off and open its new, free working space at 141 Main St. in the State and Main building. It will double as an office for Launch Box Manager Kristin Niemiec and a place for her to meet with clients.  Launch Box is designed to connect entrepreneurs and small comp... Read More

Proposed tax credit has potential for 'tens of millions' in economic development in Racine

RACINE — A proposed state tax credit could mean “tens of millions of dollars” in economic development for Racine, according to local legislators.  If passed, the Historic Tax Credit “has the potential bring a large project to Racine,” according to Speaker of the Assembly Robin Vos, R-Rochester.  How large? ... Read More

City offering new home improvement loan program

RACINE — The city has introduced a new home-improvement loan program aimed at helping homeowners who make too much money to qualify for its federally funded loan programs, but can’t get a private loan. ... Read More