check out our new website!

Momentum News

A publication by Momentum West

 

March 2015


In This Issue
Executive Directors Corner
Commitee Updates
Volunteer Spotlight
News and Notes
Momentum West Investment
Upcoming Events
About Momentum West
Join Our Mailing List!
Contact Us
Applied Technology Center 
2322 Alpine Rd. Suite 7
Eau Claire, WI 54703
Phone: 715-874-4673
Fax: 715-874-4683
E-mail:   [email protected] 
Calendar of Events
 
May 5th Trade Reps Event
Additional details and location TBA
  
Executive Directors Corner

I hope everyone is enjoying the warmer weather we've had the last few weeks. Sure is a nice change from the cold of February!

 

I know I've been hinting at the new marketing collateral and plans to market the Gold Shovel Ready program, so I'm going to take this opportunity to give a more specific overview of what is being put together. We're very close to going to the printer with the printed collateral, and are ready to schedule meetings with the area economic development corporations, municipalities, developers, engineering firms and others that would like more information on the Gold Shovel Ready program.

 

To reiterate, this program is a collaborative effort with WEDC, and will focus on sites of less than 50 acres. The program provides a process to market the sites once they are certified as Momentum West Gold Shovel Ready. In our program, all sites that receive the gold shovel certification will also be part of a larger marketing campaign to bring awareness to the certified sites in the region. Each site owner who participates will also have the site info loaded onto Locate in Wisconsin. The bottom line is to get the information on each site to the right audience in formats that will hopefully have the greatest impact.

 

Here is what is in the works or ready to go:

 

12-page booklet

A new magazine-style 12-page full color booklet describing the region is near completion. It will be utilized by all committees as an outreach piece to audiences within the MW territory and outside of the MW territory. It will take the place of the old identity pieces with an emphasis on the Gold Shovel Ready program.

 

Folder

New presentation folders to hold the booklet and Gold Shovel Ready site fliers will be leveraged as the primary printed response material to RFI's, as well as leveraged at Guild meetings and tradeshows. PDF's of individual properties will be available.

 

Gold Shovel Ready Sites Flyer

An 8.5" x 11" one sided flat flyer is ready, created to answer frequently asked questions about the Gold Shovel Ready program. It will be distributed to communities, counties, and landowners in the 10-county region.

 

Direct Mail Piece

A direct mail piece to promote the Gold Shovel Ready site program to property seeking users, namely site selectors, is being created. This will extend to an e-mail version, as well. It will target commercial real estate professionals, brokers, site selectors, developers, contractors, and others that will be routinely seeking property.

 

Constant Contact upgrades

We are designing a more attractive and customized newsletter background for Momentum West updates, special announcements, and Gold Shovel Ready Sites promotions.

 

Outreach

We are ready to schedule presentations to area EDC's, communities, engineering firms and developers. We are looking at additional presentations via possible collaboration w/NAIOP Minnesota and MNCAR to brokers and developers across the border.

 

In addition, the new website launched last week. Please take some time to check it out. We know we haven't included all of the information and links to area associations that we eventually will, so please let us know what we've missed.

 

Heading in a different direction, three UW system universities in our region, UW Eau Claire, UW River Falls and UW Stout, were honored at the Momentum West annual meeting for their contributions to economic development in the region. The following is a copy of the presentation given during the annual meeting outlining collectively and individually their contributions:

 

"We are honored to present the 2015 Momentum West Partner Award to three outstanding UW System institutions for their significant contributions to economic development in the Momentum West region. Along with their individual contributions, these three universities have combined their resources through the Northwest Wisconsin Engineering Consortium (NWEC) in an effort to create new opportunities for the youth in our region to pursue engineering majors: an effort crucial in developing and retaining the talent in our region and helping address the exporting of this vital talent.   Their work and dedication to student development is building and preparing high-quality graduates for success in Science, Technology, Engineering, and Mathematics industry sectors.

 

We'd like to highlight some of the efforts of each institution individually.

 

UW Eau Claire has collaborated with several groups at the state, county, and city level on the confluence project. The goal of this project is to help redevelop a prime area in the heart of Eau Claire at the confluence of the Eau Claire and Chippewa Rivers. In addition to the real estate at the heart of the community, the Confluence Project builds upon existing competitive strengths and further establishes the distinctive nature of Chippewa Valley.

 

Additionally, UWEC goes above and beyond to serve the region and its students with its Materials Science Center. It provides state of the art technology, education, and analysis to both its students, and companies within the region. Since its formation in 2004, the Materials Science Center has completed nearly 200 projects for private sector partners. These projects allow companies to improve product properties, lower processing costs, and increase product durability.

 

Beyond that, UWEC has implemented its Responsible Mining Initiative to help meet the demand for people with an understanding of mineral resources, responsible mining practices and environmental protection.                

 

UW River Falls has contributed to the growth of the region in several significant ways, one of these is through the Center for Innovation and Business Development, which is a program dedicated specifically to supporting economic growth and development in the greater St. Croix Valley through offering assistance and resources to businesses and the region.

 

UW River Falls has also developed the Center of Economic Research which promotes economic development in many ways, such as identifying and assisting economic development research projects, and providing consultation to St. Croix Valley communities.

 

Additionally, UWRF continues to connect regional businesses with highly skilled international interns through the Brazil Science Mobility Program. They are also a co-applicant on a pending EDA application to establish a business incubator in River Falls.

 

The University of Wisconsin Stout has contributed heavily to the economic development of our region. One of the primary contributions made is through the development of ExporTech, which is the only national export assistance program that offers a structured yet customizable process that guides companies through every aspect of export growth. This program helps companies develop their own international growth plan and accelerate their export sales process, increasing revenues and savings in the process.

 

UW Stout has also put together a program for small to mid-sized manufacturers called the Manufacturing Outreach Center. Through its strong partner networks, the MOC brings together resources and knowledge that help manufacturers become more efficient and effective.

 

UW Stout has also been developing the Discovery Center, whose goals are to advance applied research, provide solutions to industry challenges, and drive research commercialization and economic development. They work to achieve those goals by mentoring new companies, engaging in development projects throughout the region, and conducting workshops and seminars. The Discovery Center is responsible for the creation and retention of 483 jobs since 2009."

 

Accepting the awards were Chancellor James Schmidt from UWEC, Blake Fry, Director of Communications and External Relations at UWRF, and Randy Hulke, Director of the Discovery Center at UW Stout.

 

As mentioned last month, Momentum West and the NWITA (Northwestern Wisconsin International Trade Association), a new offering of Momentum West, are bringing in the WEDC Trade Reps from Canada, China, Brazil, Chile, South Korea and the Middle East scheduled for May 5th. The location is yet to be determined, but we are planning a 1:30pm - 3:00pm group presentation with one-on-one meetings to take place with the reps after the group meeting. More specific details will follow in the next few weeks.

 

The WEDC Trade Reps can serve as the eyes and ears of Wisconsin companies in foreign markets.  They currently have 14 Trade Reps providing services in 54 countries around the world and can provide Market Assessments that look at a firm's potential in a market.

 

Thanks,

Steve

______________________________________________________

 

Committee Updates

The Economic Development Committee:

 

Charlie Walker, CCEDC, and I attended the Site Selector Guild conference late February. The conference offered an excellent opportunity to connect with key decision makers and discuss the region.

 

We've put in a request to the Site Selectors Guild for a FAM Tour of our region in June. I'll share more details on this next month when we've got additional details locked in.

 

Eric Turner, DCEDC, and Charlie are headed to the Hannover Messe
 Trade Fair in early April. The two of them made numerous contacts last year and will be following up on these leads and developing new ones as well.  

 

The Site Certification Committee: 

  

Planning is underway for a two location visit from the state's Office of Business Development. Their goal is to be known throughout the state as the 'concierge service' for business, with their most important task to get common sense solutions to reduce regulation and red tape. They assist business in navigating government, help get answers, troubleshoot issues to improve services and are a quick guide to resources that exist in Wisconsin. They want business owners to be able to focus on running and growing their business and not on burdensome regulatory compliance. We'll let you know when and where these meetings will take place.

 

Fundraising:

 

With everything we have planned this year, capacity is an issue, both time and funding. Please consider an investment in Momentum West. The impact we can make in the region goes beyond the items mentioned in this and the previous newsletters, but without investments from businesses and industries within the area we are limited to what impact we can make. An investment in Momentum West is an investment in the overall economy of our region, whether it be time or financially, and we appreciate your support.

 

Thank you!

Volunteer Spotlight
I'd like to tip my hat this month to the volunteers on the marketing committee. Over the past months they have met almost every other week to guide several complex initiatives. With the website launched, the Gold Shovel Ready materials done or near completion, and the new branding material getting ready for the printer, their tireless work is paying off. Thanks to Maureen Carlson, Elaine Coughlin, Pam Haller, Brice Medin, Beth Thompson, and committee chair Michelle Dingwall.

News and Notes  

 

Attached are the body copy from two letters of support generated for the Regional Business Fund and the St. Croix Valley Business Incubator. Please offer your support if the opportunity arises.

           

Support for Governor Walker's Regional Capital Lending Budget Proposal:

 

Governor Walker's 2016-2017 biennial budget proposal included a provision whereby the Wisconsin Economic Development Corporation (WEDC) would be authorized to convert $60 million from the economic development tax credit program into $60 million in revolving loan funds to create a series of Regional Capital Lending Pools. These loan funds would be allocated on a per capita basis to regional organizations for the purpose of augmenting existing regional loan funds, or providing the basis for creating regional loan funds where consolidation has yet to occur. As a regional economic development organization, Momentum West, through unanimous consent of its Board of Directors, has taken a position in strong support for the Governor's Capital Lending Budget Proposal.

 

Since 2007, the Momentum West region has been extremely well-served by Regional Business Fund, Inc. (RBF). Functioning primarily as a gap lender, RBF maintains a balance sheet of $17.18 million in assets, which are utilized to make direct loans to new and expanding businesses throughout the region, fa�ade improvement loans that improve the quality of the central business districts in communities throughout the region, and technology enterprise loans to companies with innovative new products. In January 2015 alone, RBF committed $543,800 in loan funds to six business throughout the region, and has lent as much as $4.2 million annually to support community and economic growth in western Wisconsin. The Governor's Regional Capital Lending Proposal is a valuable addition to an already successful program, and we strongly encourage your support of the proposal.

 

Letter of support for St. Croix Valley Business Incubator:

I'm writing in support of the partnership and collaborative efforts of the City of River Falls, the River Falls Economic Development Corporation, and the University of Wisconsin-River Falls to create the St. Croix Valley Business Incubator.

 

I serve as the Director of Momentum West, a regional economic development organization covering ten counties in west central Wisconsin. Our mission is to develop partnerships and leverage resources to market the region and grow the economy. Our volunteer Board of Directors provides their time, expertise and assistance in establishing annual goals and activities. Our three main areas of focus are:

 

1. Market and brand western Wisconsin

2. Serve as an economic development support conduit in western Wisconsin

3. Advocate for the accomplishments of regional initiatives

 

From my experience I am familiar with the needs of businesses in the region. The River Falls area lacks a "one-stop shop" to assist businesses with services tailored to fit their needs. The incubator will provide the missing link in our economic development network by providing affordable space and tailored business services. Momentum West is committed to assisting the St. Croix Valley Business Incubator in becoming a successful venture by marketing the building and its services to our contacts, both within and outside of the region. This could include presenting information on the incubator during personal visits with businesses, while at trade shows, or during presentations at conferences.

 

Only through a financial commitment from EDA will the proposed incubator be realized. Funding from the EDA Public Works program to create the St. Croix Valley Business Incubator will:

- Foster an entrepreneurial culture

- Create jobs

- Accelerate the growth of new, existing, and spin-off businesses

- Encourage the commercialization of University research

- Improve small business access to campus resources

- Capitalize on opportunities for partnership and collaboration due to the close proximity to the Twin Cities metropolitan area

 

I encourage EDA to fund the incubator as I look forward to working together to enhance the economy in western Wisconsin.

Momentum West Investment

Thanks to all who invested in Momentum West! Together we will continue to create a sustainable and innovative economy for our region's citizens.
 
Business and Industry
Agstar
AT&T
Banbury Place
Bauman Associates, LTD
Bauer Built
BMO Harris Bank
Bremer Bank
Charter Bank
Citizens Bank - Hudson
Core Products
Covenant Health*
Dairyland Power Cooperative
Durand Builders
Ellsworth Cooperative Creamery
Fairmont Santrol
Great Northern Corp*
Landmark Company
Market and Johnson*
Mayo Clinic Health System
Northwestern Bank
OEM Fabricators *
Reality Works
Royal Credit Union
Ruder Ware
Sacred Heart Hospital
Schaeffer Manufacturing
Security Financial Bank
Spectrum Industries
Uline, Inc.
Weld, Riley, Prenn & Ricci
Wells Fargo*
Wipfli, Ulrich, Bertelson, LLP
Wisconsin Business Development
Xcel Energy

Regional EDC
Chippewa County EDC
Dunn County EDC
Eau Claire EDC
Polk County EDC
Rusk County EDC

County 
Barron County
Eau Claire County

Municipal 
Ladysmith Community Industrial Development
West Central Wisconsin Regional Planning Commission

Education
Chippewa Valley Technical College
UW- Eau Claire
UW- River Falls
UW- Stout
WITC

Reciprocal
Amery Area Economic Development Corporation
Chippewa Falls Area Chamber of Commerce
Eau Claire Area Chamber of Commerce
Hudson Area Chamber of Commerce
Menomonie Chamber of Commerce


*denotes pledge for investment
  
Upcoming Events
           
March 17, 24, 31 and May 5, 2015: Lean Certification Series

403 Technology Drive East, Menomonie, WI 54751 (CVTC- Menomonie Campus)

To learn more, visit http://www.uwstout.edu/profed/lean/leancertification/index.cfm or contact Anna McCabe at 715-232-5484 or [email protected] 

 

DATCP's International Trade Team in conjunction with the Food Export Association of Midwest is offering trade show enhancement services for Wisconsin companies exhibiting at select shows in 2015. These services include:

  • Pre-show custom research/product summary
  • Market Briefing
  • Introductions with qualified buyers
  • Translation of up to two pages of exhibitor materials into appropriate language and more! 

Below is a brief listing of shows that qualify for these services.  

 

VitaFoods Europe: May 4-7, 2015 / Geneva, Switzerland 
Products in demand: Botanical extracts, dietary supplement ingredients, functional food and functional drink ingredients, nutrocosmetic ingredients and pharmaceutical ingredients  
Contact: Ashwini Rao - 608-224-5119 / [email protected] 
Early registration deadline: Jan. 13, 2015 - $200. Register.

SIAL China: May 5-8, 2015 / Shanghai, China
Products in demand: Dairy, Cheese, Butter, Eggs, Grocery, Canned/preserved, Gourmet/specialty foods, Baby food, Confectionery, Pastry and Bakery, Tree nut and dried fruit, Snack foods, Non-GMO, Beverages - non-alcoholic & alcoholic, Frozen food, Organic/healthy/natural, Meat - except beef, Seafood
Contact: Lisa Stout - 608-224-5126/ [email protected]
Early registration deadline: January 13, 2015 - $200. Register.

SIAL Brazil: June 9-11, 2015 / Sao Paulo, Brazil
Products in demand: Beverages (alcoholic and non-alcoholic), bakery products, canned and frozen foods, cereals, condiments and spices, confectionery, dairy, cheese and eggs, Halal and Kosher products, healthy, natural and organic foods, meat, poultry, seafood and snack foods.
Contact: Ashwini Rao - 608-224-5119/ [email protected].
Early registration deadline: Feb. 16, 2015 - $225. Register.

 

 

ExporTech; An Export Acceleration System for Achieving Profitable Growth

 

Date: April 7, May 12, and June 9, 2015

Time: 8:00am-5:00pm

 

Location: University of Wisconsin-Stout

 

Contact: Joni Geroux, 715-232-5270, [email protected]

 

Register at: http://www.uwstout.edu/profed/exportech/index.cfm 

           

Program Details: ExporTech was designed specifically for manufacturers that need innovative ways to grow, and see international sales as part of the answer. The program provides executive leaders with a systematic approach for entering or expanding in global markets. It is the only national export assistance program that offers a structured, yet customizable process that guides companies through every aspect of export growth.
 

Target Audience: Company Executives including CEO, Owner, VP/Director of International Sales, VP/Director of Sales and Marketing

 

This program is being hosted by University of Wisconsin-Stout's Professional Education Programs & Services and UW-Stout Wisconsin Manufacturing Outreach Center (MOC). http://www.uwstout.edu/moc/about/index.cfm 

 

April 28, 2015: Barron County EDC will be hosing the WATA (WI Ag Tourism Association)

2015 Education Day for the Northwest Wisconsin Region

Time: 1pm - 4pm

Where: Barron County Government Center

Contact David Armstrong ([email protected]) for more information

 

May 6, 2015: Menomonie Area Chamber & Visitor Center Golf Outing

Time: 11am shotgun start

Where: Whitetail Golf Course

Registration can be completed Here 

 

May 29, 2015: Save the Date! Chippewa County Economic Development Corporation's 20th

Annual Meeting & Business of the Year Awards Breakfast

Time: 7:00am - 9:00am

 

May 29, 2015: Chippewa County EDC 2015 Golf Scramble

Time: 10:00am Shotgun Start

Where: Whispering Pines Golf Course, Cadott WI

Email [email protected] for more information

 

 

  

* If you would like your upcoming event to be included in the Momentum West newsletter, please send information to [email protected]  prior to the 15th of each month 

 

About Momentum West

Momentum West is a Regional Economic Development Organization that serves 10 counties: Barron, Chippewa, Clark, Dunn, Eau Claire, Pepin, Pierce, Polk, Rusk, and St. Croix.

Our mission is to develop partnerships and leverage resources in West Wisconsin to market the region and grow the economy.