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Find Economic Development news and articles from throughout the Dairyland Power Cooperative territory in Iowa, Illinois, Minnesota and Wisconsin.  First Quarter, 2016.
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Project Success Story: Russ Davis Wholesale Acquires Facilities in Hammond, Wisconsin


Russ Davis Wholesale, a Minnesota Corporation, has purchased the former Hammond Cold Storage facility in the Hammond-St. Croix Business Park in Hammond, Wisc.  The company plans to use the property as a fresh produce production facility.  Produce under the “Crazy Fresh” label will be distributed to a multi-state area.
 
Renovations will be made to the facility to meet the needs of Russ Davis including a 30,000 square foot addition which will be added later this spring.  A second facility will be used for fleet maintenance.  The company expects to create nearly 300 jobs in Hammond over a multi-year period.
 
Russ Davis Wholesale, an employee-owned company, is based in Wadena, Minn. and currently has two other locations in Wisconsin – Merrill and LaCrosse.
 


Property Highlight: Hammond Business Center II, Hammond, Wisconsin


The Hammond Business Center II in Hammond, Wisconsin has 21 acres of land for sale. The land is zoned for manufacturing (M1) with multiple infrastructure amenities already in place. The property was designated Gold Shovel Ready in 2015, per the guidelines and standards set by Momentum West, the regional economic development authority which serves 10 western Wisconsin counties. Working with partner organizations, such as the Wisconsin Economic Development Corporation, Momentum West’s “Gold Shovel Ready” standard indicates to site selectors and business owners that a property is immediately ready for development.
 
Hammond Business Center II is located 2 1/4 miles north of I-94 (Exit 16) in the geographic heart of St. Croix County with easy access to the Minneapolis-St. Paul metro area.  Site amenities include water, sanitary sewer, 3-phase electric service, natural gas and telecommunications service.
 
More details are available on Momentum West’s website or by contacting Mark Pendergast at 715-796-5607 or markp@scecnet.net.
 


Food Processing Facility Expansion Receives 0% Interest Rate Financing


Matt Floming, from Neumiller Farms, reached out to Savanna, Illinois, Mayor Tony McCombie to see if there were any programs that would help their potato processing business expand their facilities. Mayor McCombie pointed Matt to the Tri-County Economic Development Authority (TCEDA). Lisa McCarthy, TCEDA Executive Director, contacted Jo-Carroll Energy about the opportunity for 0% interest rate financing available from the electric cooperative.

"This team went to work and a plan was put in place to apply for the 0% loan. We thought this plan would work out well for us if we were able to get approved. With the team's help we were able to find a program that would help us build the facility without cutting corners. We were able to have higher expectations than we originally planned," explained Floming.

According to Floming, the facility is fully operational and has worked out great so far. "We now have a facility that has been built for the present and future years of Neumiller Farms, Inc. The 0% interest loan is a program that the team had pointed us to and has worked out very well. The new facility has taken us to another level."
 


0% Interest Economic Development Loan Funds Available


One of the best kept secrets in regional economic development is the USDA Rural Economic Development Loan Program (REDLG) which provides business loans at 0% interest for a ten year term.  The maximum loan amount within this program is $1 million and the funds can be used for business financing, infrastructure, health care facilities, business incubators and educational facilities.  Loans are granted for projects taking place within rural service areas of Dairyland Power's member cooperatives.  The favorable terms and large loan amount make the fund a useful incentive to help promote development projects of all kinds. 

Are you wondering if these funds will work for a project you have in mind?  Contact your local electric cooperative or Craig Harmes at Dairyland Power Cooperative at 608-787-1310 or cth@dairynet.com.  Applications are made through your local energy cooperative and most applications are turned around within two to three months.  Selection factors include the nature of the project, job creation, demographic factors, project plans, financial statements, ownership, supplemental funds, and probability of success of the project as a whole.  Some metro areas may be ineligible.
 


Property Highlight: Albert Lea, Minnesota Site at Crossroads to Midwest Markets

If you are aware of a company that needs an excellent, high visibility location with immediate access to Interstates 90 and 35, then the I-35/I-90 Business Park in Albert Lea, Minnesota, is a perfect fit. The site is ideal for warehousing and distribution as well as light manufacturing operations. Some features include:
  • Up to 80 acres that can be divided to meet your specific needs
  • 1/4 mile from I-35 and 1 mile from I-90
  • All utilities and fiber optic service available
  • Incentives on development projects
  • Surrounded by other established developments and anchor tenants

For further information contact Craig Harmes at (608) 787-1310, cth@dairynet.com, or Ryan Nolander at (507) 373-3930, ryannolander@growalbertlea.com
 


Dairyland Power Adding More Solar Power


Dairyland Power Cooperative has finalized agreements with two developers to purchase over 15 megawatts (MW) of renewable energy from multiple new utility-scale photovoltaic solar facilities in Wisconsin. 
 
“As Dairyland celebrates our 75th anniversary this year as a cooperative dedicated to providing safe, reliable and sustainable energy, we are excited to announce very significant solar generation plans that far surpass current solar resources in the state,” said Barbara Nick, Dairyland President and CEO.
 
Dairyland has power purchase agreements in place with two solar developers – groSolar (White River Junction, Vt.) and SoCore Energy (Chicago, Ill.) – for 12 new solar facilities to be sited in Wisconsin.  The solar installations will range between .5 MW to 2.5 MW in scale.  These facilities will be tracking systems which follow the path of the sun to increase energy production.  Together the solar facilities will be able to produce enough renewable energy to power over 2,500 homes.
 
The developers will install, own, operate and maintain the solar facilities.  The first projects are expected to be operational this summer, with others continuing to come online into the fall.  For more information, visit www.dairynet.com.
 
Dairyland Power is an Equal Opportunity Provider and Employer.
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