During the semi-annual reporting period ending June 30, 2003, Commerce made five CDBG-ED awards totaling $891,400, which supported $3,498,240 in economic development projects. These awards leveraged $2,606,840 in private funds and created/retained 176 jobs. (See chart below.)
| COMMUNITY |
BUSINESS |
PROJECT COST |
LEVERAGE |
CDBG-ED AWARD |
JOBS CREATED/ RETAINED |
|
Ozaukee County |
Kohler Co. |
$338,800 |
$166,400 |
$172,400 |
95 |
|
Dunn County |
Timber Technologies |
$327,000 |
$221,000 |
$106,000 |
13 |
|
Outagamie County |
Hart Printing |
$556,000 |
$390,000 |
$166,000 |
16 |
|
Fond du Lac County |
Natural Stone Veneer. |
$1,970,440 |
$1,679,440 |
$291,000 |
38 |
|
Green County |
OpenNet Instruments |
$306,000 |
$150,000 |
$156,000 |
14 |
|
TOTALS |
$3,498,240 |
$2,606,840 |
$891,400 |
176 |
|
For more information on the CDBG-ED program, contact your local Area Development Manager.
--Dan Ramsey
The newsletter is issued electronically every other month.
Please send comments or questions to Barbro McGinn, editor.
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