Industrial Revenue Bonding

Three southeastern Wisconsin companies are planning expansions that will partly be financed through Industrial Revenue Bonding, according to the state Department of Commerce. The expansions are expected to lead to the creation of 59 new jobs. The projects are:
Badger Color Concentrates, Inc., Mukwonago, $2.3 million – The company produces color concentrates for the plastics industry. It will construct and equip a 49,960-square-foot manufacturing facility. The project is expected to retain 25 jobs and create 42 jobs over the next three years at an average wage of $13.71/hour. The total project cost is $4.1 million.
Cost of Wisconsin, Inc., Town of Polk, Washington County, $3.5 million – This design/builder specializes in the fabrication, manufacturing and field installation of a variety of simulated environments in venues such as casinos, zoos, and museums. The company will acquire and equip a vacant 100,000-square-foot manufacturing facility. The project is expected to retain 51 jobs and create 10 jobs over the next three years at an average wage of $16.38/hour. The total project cost is $4,025,000.
Rytec Corp., Jackson, $1. 5 million – Rytec Corp. manufactures high-speed rolling and folding doors for the industrial, commercial and cold storage markets. Made of a flexible, durable fabric, these doors are available in a variety of roll-up or folding styles. The company will construct and equip a 29,000-square-foot addition to its existing plant. The project will retain 67 jobs and create seven jobs over the next three years at an average wage of $15.00/hour. The total project cost is $2,558,000.
SBA loans
The following loan guarantees have been approved by the U.S. Small Business Administration during October:
Badger Vision Center, 2505 N. Mayfair Rd., #100, Wauwatosa 53226, $265,000, M&I Marshall & Ilsley Bank;
Data Direct Distributors, N35 W21110 Capitol Dr., Pewaukee 53072, $73,000, Waukesha State Bank;
Ebel Co., 10225 N16704 Cedar Park Ct., Jackson 53037, $150,000, Port Washington State Bank;
Elite Finishing, 3270 S. Third St., Milwaukee 53207, $498,000, and $802,000, Milwaukee Economic Development Corp.;
Hen House Restaurant, 110 Waukesha Rd., Eagle 53119, $187,000, Citizens State Bank & Trust;
J&G Trucking, N5558 C Miranda Way, Fond du Lac 54936, $30,000, Associated Bank;
Ketterhagen Car Wash, 1231 Grant St., Lake Geneva 53147, $141,307, First Banking Center;
Law Offices of Darwish & Trueb, 8500 W. North Ave., Wauwatosa 53226, $40,000, Park Bank;
Lippert Tile Co., N89 W14260 Patrita Dr., Menomonee Falls 53051, $743,000, Wisconsin Business Development Finance Corp.;
Little Dickens, 933 N. Eighth St., Sheboygan 53081, $98,000, Community Bank & Trust;
Minuteman Press, 957 Honeysuckle Ln., Fond du Lac 54935, $150,000, Associated Bank;
MJ Blaine, N5526 Hwy. K, Fond du Lac 54935, $30,000, Associated Bank;
Mother Knows Best, 162 W. Main St., Whitewater 53190, $50,000, Citizens Bank & Trust;
O’Brien Homes, 7003 92nd Ave., Kenosha 53142, $25,000, First Banking Center;
Oplenberg Enterprises, 1435 S. Seventh St., Sheboygan 53081, $150,000, and $350,000, Community Bank & Trust;
Precise Automotive Repair of Burlington, 111 Schemmer St., Burlington 53105, $125,000, Community State Bank;
Sheboygan Healing Arts, 1224 Wooden Creek Rd., Sheboygan 53081, $30,000, and $30,000, Community Bank & Trust;
Silica Gardens, 1255 Menard Dr., Fond du Lac 54935, $453,000, Wisconsin Business Development Finance Corp.;
Steel Rule Diemasters, 153 N. Milwaukee St., Milwaukee 53202, $20,000, Community Bank & Trust;
Sunnyside Florist, 4217 75th St., Kenosha 53142, $132,500, First Banking Center;
The Crow’s Nest, 611 W. Main St., Lake Geneva 53147, $150,000, First Banking Center;
Warehouse Equipment, Lot 1 of CSM No. 5151, Germantown 53022, $699,000, Wisconsin Business Development Finance Corp.;
Wolf Linen & Uniform Rental, 1427 S. 15th St., Sheboygan 53081, $340,000, Community Bank & Trust;
Ziehme’s Bar Pumpkin Center, N4851 Hwy. I, Juneau 53039, $88,000, Associated Bank.
Zumstein Chiropractic, 8233 S. 27th St., Franklin 53132, $60,000, St. Francis Bank.
Dec. 7, 2001, Small Business Times, Milwaukee