Loading
Search
NEWS STORIES

Board speeds up start of short-term loan program Submitted: 04/24/2014
Board speeds up start of short-term loan program
Story By Associated Press

MADISON - The start of a new short-term loan program that wasn't slated to begin until July has been moved up in an effort to help businesses hurt by recent cutbacks at Oshkosh Corp.

The Wisconsin Economic Development Corporation, the state's chief jobs agency, voted this week to start the pilot program earlier. It will provide loans or loan guarantees of up to $250,000 to companies for projects or expenses that may not be eligible for traditional financing.

The board says it was starting the program earlier in light of news that Oshkosh was cutting 760 jobs from its defense division because of budget cuts being made by the U.S. Department of Defense.

The loan program this year will only target businesses in Oshkosh Corp.'s supply chain



Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

EAGLE RIVER - During the summer Northland Pines High School is being used as the home base for a foreign exchange program. 

The Northwoods Adventure Quest Program brings students from China and America together.

 Last year travel rules stopped the program from happening, but this year the students and organizers are more driven than ever to keep their mission going. 

"You get to form relationships with people from around the world," said 10- year- old Chase Neubauer. 

This is Neubauer's first time joining the two week Adventure Quest Program. 

The goal of the program is to do more than just keep kids busy during the summer. 

"[It] promotes connections with Wisconsin especially the Northern part [of Wisconsin with] all of China," said WISP Executive Director Xiaodong Kuang.

Kuang is one the organizers of the quest program. He couldn't think of a better way of promoting his goal than starting with young students. 

"[So that] the young generation, who will be the future leaders of the world, [can] appreciate cultures and know more about each other," said Kuang. 

This is Power Liu's first time coming to America with the program. 

+ Read More

THREE LAKES - One teenager decided to spend a day giving back to the Three Lakes community 18-year-old Maxwell Blanchard lives in L.A but always makes it back to Three Lakes during the summer. 

Blanchard learned how to water ski and wakeboard in Three Lakes at five years old. 

On Sunday he spent the day giving free water skiing and wakeboarding lessons.

"[To] get someone new out there to ski or at least get them attempting. It's always fun when you get the kids who are a little nervous out there and a little shaky, then they get out there and they love it," said Blanchard. 

Blanchard said every year the water sports community chooses a day to give back and participate in "International Pass the Handle Day."

 Kylee Swendson decided to help Blanchard this year with the lessons. 

"It's great for everybody to get a chance to learn especially people who don't get the opportunity every day," said Swendson. 

+ Read More

Play Video

WESTON - The Habitat for Humanity of Wausau celebrated a big milestone on Saturday. The organization held the grand opening for its new Recycled Building Materials facility.

The new building is a place where people can go to buy new and used building materials. For the grand opening, there was face painting for kids, free hot dogs, and even a visit from Woody Woodchuck.

+ Read More

Play Video

RHINELANDDER - Most people who kayak will go out for a few hours and cover several miles. But one southwestern Wisconsin man is trying to cover more than 400 miles as fast as possible.

Ben Sasse is from Muscoda and is trying to break the speed record for paddling the Wisconsin River.

+ Read More

Play Video

MANITOWISH WATERS - "When you have something like this everybody turns a little bit Irish," said Irish Fest volunteer Ron Troller.

Ye Olde Shillelagh in Manitowish Waters hosted its Second Annual Irish Festival this weekend. The big draw for the volunteers and attendees is the music.

"Who doesn't like professional Irish music," said Troller.

+ Read More

Play Video

RHINELANDER - In June, the Rhinelander City Council approved a fenced-in dog park at Shepard Park. It's something Tina Werres has been working towards for the last 10 years.

On Saturday, about 30 volunteers gathered at Shepard Park to clean up the south end of the park.

The fence is scheduled to be put up in about three weeks so Werres wanted to get the area cleaned up as soon as possible.

+ Read More

MINOCQUA - "I just find this place so amazing," said actor Noah Venzke, who is in the 7th grade.

The Campanile Summer Children's Theatre Workshop has been running in Minocqua for 10 years now.

"It's a place to meet new friends, and have new experiences, and try new things," said Venzke.

+ Read More
+ More General News
Search: 





Click Here