RHINELANDER - Every community in the Northwoods wants their small businesses to grow.
In order for them to grow sometimes the business owner needs their children to take over the business.
The Rhinelander Chamber of Commerce wants those business owners to be prepared when the time comes.
The chamber held a Lunch and Learn session for owners today.
The session informed business owners of options to sell or transfer ownership of the business when the time comes.
Business owner Steve Ory plans for his son to take over Enterprise Wood Products in Rhinelander.
"I think this is good for the community to have somebody come in and talk to small businesses that wants to pass it along to their children," said Ory.
"The more tax and legal information you can have the better."
Sometimes the child of the business owner might not want to take over.
That's why it's important to have a back up plan.
"Be prepared. When we talk about assembling an advisory team, we talk about attorneys, business brokers to help you sell that business and a financial advisor," Morgan Stanley Wealth Management financial advisor, Tyler Krombholz.
"All these people have to work in concert to help this transition happen."
The chamber plans to have another lunch and learn session next month.
RHINELANDER - A large open lot on Rhinelander's east side could soon fill in with a chain restaurant.
Cory Moritz-Hoffmann and her husband hope to build a Pizza Ranch next to Kwik Trip on Eisenhower Parkway. The pair of former Pine Lake firefighters got the idea about six years ago when they first went to a Pizza Ranch in Iowa.
They considered pursing a franchise then, but it was more than they could afford at the time. About two years ago, the Hoffmanns contacted an investor and saw an opportunity to turn their dream into a reality.
MADISON - Gov. Scott Walker has selected a former legislator to run the state Department of Natural Resources.
Walker's office announced Monday that he has chosen former Republican state Rep. Dan Meyer to serve as DNR secretary. He replaces Cathy Stepp, who resigned in August to take a position in President Donald Trump's administration.
RHINELANDER - The Oneida-Vilas Transit Commission will get its long-awaited federal funding installment by October 4.
The timing means no Northwoods Transit Connections drivers will have to voluntarily furlough their pay, but the requirement of 24-hour advance notice for rides will stay in place.
Transit Commission Chair Erv Teichmiller learned the news over the weekend.
The commission is waiting on an expected payment of $300,000 from the federal government. In 2016, that money came in early September. As of last Friday, the commission wasn't expecting the payment until as late as November.
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