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In this issue...
  • Annual Investors Meeting
  • Calling All Inventors and Entrepreneurs!
  • Angel Investment Group Forming
  • Beacons Around The Bay
  • Workforce Development
  • Revolving Loan Funds

  • Friends of DCEDC...
    Country Ovens
    Kerber/Rose
    Roen Salvage
    TF Systems
    TTX
    Door County Economic Development Corporation
    "Business By Nature"
    June 2006

    The daffodils, cherry blossoms and lilacs have already come and gone, so summer in Door County must really be here! We welcome our seasonal residents and visitors back to the peninsula as we continue to grow our existing businesses and encourage entrepreneurship in Door County.



    Annual Investors Meeting

    Thanks to the nearly 200 community, political and business leaders who attended the DCEDC annual investors meeting on Wednesday, May 10th at the Stone Harbor Resort and Conference Center in Sturgeon Bay. Our keynote speaker was Wisconsin Department of Transportation Secretary Frank Busalacchi, highlighting the more than $134 Million his Department is investing in Door County for important transportation infrastructure improvements such as the current State Highway 57 four lane expansion, the new Oregon to Maple bridge starting construction this year and the rehabilitation of the Michigan Street bridge, beginning in 2008. You can read more about local transportation improvements on our website at the link below

    In addition to the remarks by Secretary Busalacchi, the annual investors meeting included the presentation of the Door County Industry of the Year and Entrepreneur of the Year Awards. The Industry of the Year Award winner was the Washington Island Ferry Line. The Entrepreneur of the Year Award went to Greg Rohde and Tom Voegele of Bay Pharmacy in Sturgeon Bay.

    The luncheon meeting also included the annual report to investors about the accomplishments of DCEDC during 2005.The DCEDC 2005 Annual Report is available at www.doorcountybusiness.com/PD F/2005AnnualReport.pdf. If you would like to receive a printed copy of the DCEDC 2005 Annual Report, please contact Sharon Spengler at (920) 743- 3113 x200.

    Read the Transportation Brochure

    WEN Calling All Inventors and Entrepreneurs!

    DCEDC was recently awarded a $1,000 micro-grant from the Wisconsin Department of Commerce and the Wisconsin Entrepreneurs Network to establish a Door County Inventors and Entrepreneurs (I&E) Club. I&E Clubs are sprouting up all over the state, offering networking and learning opportunities for anyone who is thinking about starting a business, bringing a new product to market or talking to people who are already established in business.

    The model is the fantastically successful Juneau County I&E Club, which claims over 300 members and has provided inspiration and guidance to dozens of start-up companies. If you are an entrepreneur, inventor, or just curious and would like an invitation to the first meeting of the Door County I&E Club this summer, contact Bill Chaudoir, Executive Director at 920-743-3113 x204.

    E-mail Bill

    Angel Investment Group Forming

    DCEDC is helping facilitate the formation of an angel investment group in Door County. Angel investors are high income/high net worth individuals, typically with $200,000/year annual income and/or net worth of over $1 Million, who are willing to assume the risks associated with financing seed stage and start-up businesses.

    By making seed stage and start-up business financing available in Door County, entrepreneurs will be able to find the money available to fund the start- up of new companies and to fund the growth of new business ventures. The formation of a Door County angel investment group is one of our priority action steps from the Door County Economic Development Adjustment Plan. For more information regarding the Door County angel investment group, please contact Sam Perlman, Economic Development Manager, at (920) 743-3113 x204

    E-mail Sam

    Beacons Around The Bay

    DCEDC is thrilled to be participating in this year’s Beacons Around The Bay program, coordinated by our friends at the Sturgeon Bay Visitors and Convention Bureau (SBVCB) and HELP of Door County. Kudos to Ron Halverson, DCEDC Board of Directors member and Hatco Corporation COO, who enthusiastically engaged the Hatco fabrication team to design and build a sleek, stainless steel lighthouse from materials used in the manufacture of the Hatco line of food service products.

    The DCEDC/Hatco lighthouse, with working light (!), is located on the west side of Sturgeon Bay at the base of the Michigan Street Bridge, in front of the Door County Maritime Museum. All 23 of the beacons will be displayed around downtown Sturgeon Bay until the September 2 party and auction at Bay View Park.

    For more information regarding Beacons Around the Bay, contact SBVCB at (920) 743-6246.

    Beacons Around The Bay

    Workforce Development

    In January, the Door/Kewaunee Business & Education Partnership (DKBEP), in cooperation with the Door and Kewaunee County economic development corporations and dozens of area businesses, submitted an application to the Wisconsin Department of Commerce for a Community-Based Economic Development (CBED) grant. The application for a “Door and Kewaunee Counties Regional Youth Training and Development Program” proposed four initiatives: a Door County career awareness program; post-high school training and employment programs; developing and expanding a youth co-op and apprenticeship program; and the development of a high school house construction project.

    The programs are designed to provide career awareness and training programs for area youth to help fill the current and future employment needs of businesses in the region; the establishment of workforce bridges for young people into area business sectors is essential for the long-term survival of our regional industrial base. DKBEP has already begun the process of implementation of the four program initiatives and welcomes business and community participation. If you would like to help inspire Door County youth to enter the local workforce, please contact DKBEP Program Manager Sharon Spengler at 920-743-3113 x205.

    E-mail Sharon

    MTL Revolving Loan Funds

    DCEDC recently worked with two local companies to provide business expansion financing and help create new jobs in the community. The Linen Press, LLC, a commercial laundry owned by Cathy and Jim Jungr received a $35,000 loan to purchase a new vehicle and inventory to expand their business, retaining two jobs and creating one new job. Marine Travelift, the worldwide leader in marine hoist equipment, was provided a loan for $250,000 to help equip their new 18,000+ square foot production facility. The company anticipates adding 40 new jobs to the local economy in the next three years.

    DCEDC administers Revolving Loan Fund programs offered by the DCEDC Board of Directors, the City of Sturgeon Bay and the County of Door, to facilitate the expansion or start-up of local businesses. During the 15-year history of the Door County Revolving Loan Funds, DCEDC has serviced 41 loans with a value of over $5.2 Million. DCEDC currently maintains a loan fund balance of approximately $1 Million that is available to lend to eligible growing businesses.

    About DCEDC
    Founded in 1989, the Door County Economic Development Corporation is a public/private partnership dedicated to improving the economic vitality of the county and its residents. Door County Economic Development Corporation is located within the small business incubator DCEDC founded in 1997 at 185 East Walnut Street, Sturgeon Bay.
    phone: 920-743-3113