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 - The City of Rhinelander and Oneida County will consider borrowing $15 million to help develop a manufacturer in Rhinelander, according to an Oneida County Economic Development Corporation release Tuesday.
The money would help Rhinelander Coated Products start work inside the former Printpack building on Kemp Street.
BOULDER JUNCTION - Pilots find very little room for error when they make a landing. Wings, flaps, and landing gear all need to work properly. Then there's the runway itself, which needs to be flat and smooth.
So, when pilots found ruts and divots torn into the grass runway at Boulder Junction's airport, folks were more than upset, they were worried about safe landings. Airfield president Jeff Long thinks someone used a pickup truck to do the damage. It happened right before the airfield's busiest weekend of the year, the Musky Day fly-in.
"To see somebody disregard that, disrespect that, and then again the safety, where somebody could get hurt that we're inviting up here for summer fun, doesn't make you feel very good," Long said.
EAGLE RIVER - Cities across the Northwoods drop tens of thousands of dollars every winter on crack sealing roads. The Eagle River Airport is no different. The airport spent about $25,000 in 2016 patching up its main runway.
Arguably, that runway is even older than most roads people drive on. The runway was last redone in 1971. On a busy day, the 5,000-foot runway hosts upwards of 80 takeoffs and landings. Airport manager Rob Hom showed Newswatch 12 a number of places where the pavement is buckling and cracked. That can lead to dangerous landings for small planes.
"Relative to a car or a truck [a prop-powered airplane is] pretty light relatively speaking, so having a smooth runway is imperative," Hom said.
KNOWLTON - When you think of Wisconsin, you probably think of the Packers, dairy, and beer. One of the quintessential things that make this state great is its cheese, and you'll find no shortage of that in north central Wisconsin. The largest family-owned cheese factory is right in our own backyard, and it continues to push its limits in the industry
For Bill Mullins, the cheese business is all in the family.
"My other two brothers are in the business," said Bill, Co-Owner of Mullins Cheese. "My brother has four boys in the business full-time. My mom did accounting for us until she was 88."
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