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More than $500,000 awarded to groups helping startups thrive
MADISON, WI. MARCH 8, 2021 – Thirteen Wisconsin organizations helping small businesses with training, legal services, coping with COVID-19 and more have been awarded grants totaling $529,000 from the Wisconsin Economic Development Corporation (WEDC).
Since their creation in 2016, WEDC’s Entrepreneurship Support Grants have invested more than $2.4 million in groups statewide working to improve and increase access to entrepreneurship resources. More than 800 entrepreneurs are expected to be served by the programs funded this year.
“These grants are really about creating an environment across Wisconsin that allows entrepreneurs to take their best ideas and turn them into successful businesses,” said WEDC Secretary and CEO
Superior City Council Pays Off $2.66 Million Kestrel Loan
Sometimes you need to move forward. One of those forward-looking steps for the Superior City Council was to pay off the $2.66 million bond that they had secured on behalf of Kestrel Aircraft Company in 2012 - when the company was trying to build a manufacturing plant in the city; that deal dissolved when the company s leadership had a dispute with the State of Wisconsin. The move to pay off the bond was approved by the Superior City Council at their meeting on March 2.
The plans for Kestrel Aircraft and Superior were large in scope. Details released by the Superior Telegram show that there had been a promise of 600 jobs at a plant where Kestrel would build its K-350 model - a turboprop, carbon composite airplane . Kestrel had been making payments on the $2.66 million bond it had secured until October 2015. Since that time, the company has been in default on the loan.
Superior City Council Pays Off $2.66 Million Kestrel Loan
Sometimes you need to move forward. One of those forward-looking steps for the Superior City Council was to pay off the $2.66 million bond that they had secured on behalf of Kestrel Aircraft Company in 2012 - when the company was trying to build a manufacturing plant in the city; that deal dissolved when the company s leadership had a dispute with the State of Wisconsin. The move to pay off the bond was approved by the Superior City Council at their meeting on March 2.
The plans for Kestrel Aircraft and Superior were large in scope. Details released by the Superior Telegram show that there had been a promise of 600 jobs at a plant where Kestrel would build its K-350 model - a turboprop, carbon composite airplane . Kestrel had been making payments on the $2.66 million bond it had secured until October 2015. Since that time, the company has been in default on the loan.