Loading

47°F

50°F

52°F

48°F

46°F

50°F

52°F

56°F

46°F

46°F

56°F

52°F
Search
NEWS STORIES

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

Play Video

FLORENCE - People in some areas of Wisconsin may take easy access to groceries for granted. People in Florence don't.

Last year, the USDA considered the Florence area a "food desert". There was no grocery store in all of Florence County, and it had been that way for seven years.

That's all changed. Pat's Foods has now been open for a year in town.

A vacant space in Florence looked like a slab of concrete with a roof a year ago. Now, Pat's Foods stays busy every day at the location. The full service grocery store supplies food and fresh produce, meats, and dairy. That convenience means people are shopping steadily at Pat's, and business is good.

+ Read More

Play Video

LINCOLN COUNTY - A Tomahawk homeowner was able to scare off burglars back in March, even after being hit in the face with the hatchet. Now, a Merrill man will need to find $25,000 in cash to get out of jail.

28-year-old Chad Staehle was charged with four felonies for breaking into a home in Tomahawk. Police believe he and three other men broke into the home with a hatchet and crowbar.

+ Read More

Play Video

RHINELANDER - The Hodag Water Shows team could add some new tricks to its performances. The team is currently working on its barefoot skills with one of the world's best barefoot skiers.

"It's a little more high pace, a little more intense, but it's a lot of fun," says Ben Groen of the World Barefoot Center.

+ Read More

Play Video

RHINELANDER - The Hodag Country Musical Festival kicks off on Thursday.

But there are already plenty of people camping out for the big event in the Northwoods.

Those campers benefit businesses in the Northwoods both new and old.

Johnny Nickolaou, who opened his liquor store in Sugar Camp around Thanksgiving, understands the importance of tourism.

"Huge, you know you depend on locals year round and they are great, but if it weren't for them I could never afford to be open," said Nickalaou. "But it's really nice getting this push to hopefully get us through the winter months."

Nickolaou set up a deal in preparation of Hodag Country Festival. He discounted around 10 large orders.

"15 case orders, most of them which is quite a bit I thought," said Nickalaou.


+ Read More

Play Video

EAGLE RIVER - If you want a new summer activity, look no further than Eagle River. A new art studio offers many different classes to kids and adults. 

"We've been here for a month, but the organization has been together for about three years," said Summer Program Director Erica Bush. "We're very excited to be in our own building finally."

Classes can cost anywhere from $20 to $50. People can sign up for classes ahead of time or just walk into the center. Program directors think it's important for kids to get involved in art early on.

"It's the creativity that the kids learn about," said Bush. "Creativity can go into all different aspects—math, science—it's everywhere. So enforcing art when they're really young will really lead to a more intelligent future for these kids."

The center offers anything from painting to pottery to cooking. Kids shared why they love to take art classes.
"You could just grab a piece of paper or something and then you can just doodle on it," said 4th grader Nicholas Fluegel. 

"It's really calming, and there's no bad way to do art," said 6th grader Grace Florence.

+ Read More

Play Video

RHINELANDER - Most of the time when you give blood it's in a clinic. But once a year in Rhinelander, organizers bring the process outside.

Tuesday, tents filled up with donors at Pioneer Park for the 6th annual "Hodag MASH Blood Drive."

More than a dozen nurses and workers with the Community Blood Center interviewed, tested and collected blood from donors.

Organizer Jerry Shidell chose the military theme as a unique way to reduce people's anxiety.  Shidell says it doesn't matter what reason you choose to give as long as you do.

+ Read More

Play Video

MADISON - The state Senate has approved a raise for state troopers and a new compensation plan for other state workers but has delayed debate on the state budget.

+ Read More
+ More General News
Search: 




Click Here