The Greater Menomonie Development Corporation (GMDC)
Creating and supporting a business and industry climate that fosters responsible economic growth within the City of Menomonie while supporting regional economic activity.
Creating and supporting a business and industry climate that fosters responsible economic growth within the City of Menomonie while supporting regional economic activity.
The Greater Menomonie Development Corporation (GMDC) celebrates Economic Development Week (EDW) starting May 8th. Economic development in Central Wisconsin has been thriving, and EDW is the perfect time to show off the fantastic achievements of the Greater Menomonie Development Corp. Economic Development Celebrates Greater Menomonie, Wisconsin’s Success Created by the International Economic Development Council in 2016, EDW helps increase awareness about local economic development programs. Whether the program produces job opportunities or improves a community’s overall quality of life — it is essential to regional growth. The GMDC provides companies expanding in the greater Menomonie region with the expertise to support their growth. Coordinated site selection, financing, and site planning and permitting. Connection with the educational and technology resources that will help you grow. Introduction to local, state, and federal leaders who may offer guidance or assistance with your expansion or relocation into the greater Menomonie area. “Economic development involves not only attracting new businesses but also supporting existing businesses as well as creating a supportive environment where they can grow,” said Senior Planner Josh Miller. “Economic development touches nearly every facet of a community from business development to housing and childcare and is a vital part of the health of a community.” EDW offers an opportunity to celebrate the efforts of economic developers and the local leaders who work around the clock to boost the local economy and improve the quality of life of the community they serve. The GMDC works to provide assistance and resources to local entrepreneurs, small businesses, large corporations, and international companies. GMDC’s efforts support local companies’ retention, expansion, promotion, and regional workforce development. The GMDC IS Here For You To Grow Your Business The GMDC’s mission is to create and support a business and industry climate that fosters responsible economic growth in the City of Menomonie while supporting regional economic activity. GMDC staff leverage their extensive experience working with local, national, and international businesses to provide services and resources to create a thriving community. Partnering with the GMDC offers companies excellent location benefits, a strong workforce, and quality incentives while having community support for your business. Creating new business opportunities involves working with experienced economic developers who prioritize speed-to-market. The GMDC prides itself on its ability to help local, national, and international businesses expand and grow their business in Central Wisconsin. Contact the GMDC to learn more about the resources available and the many ways we can help.
Read MoreIn Menomonie, Wisconsin, three financial institutions are pillars of community support, economic development, and financial education. WESTconsin Credit Union, Bremer Bank, and Dairy State Bank have not only weathered the changes of time but have actively shaped the future of Menomonie, contributing to a prosperous community where financial wellness is a shared goal.Local Roots and HistoryWESTconsin Credit Union: 85 Years of Trust and GrowthWESTconsin Credit Union proudly traces its history to Menomonie, where it began in 1939 with a humble $2,000. Despite growing to serve 28 counties across Wisconsin and Minnesota, the credit union maintains a "small-town" feel rooted in loyalty to members and a commitment to the values shaped by its Menomonie origins. This commitment has been instrumental in shaping WESTconsin's identity, emphasizing a personalized approach to banking.Bremer Bank: A Legacy of Service Since 1903Bremer Bank's roots run deep in Menomonie, dating back to the Bank of Menomonie in 1903. Over the years, the bank's commitment to the community has remained unwavering. Their recent remodel echoes a dedication to preserving history and embracing the future of Menomonie, creating a physical space that mirrors the bank's commitment to evolution and continued service.Dairy State Bank: Going Strong For 70+ YearsDairy State Bank (DSB) was founded in 1952 by a group of local businessmen in Rice Lake, Wisconsin, recognizing the need for a second bank. The initial capital investment came from local residents, fostering a strong sense of community support. Many of the families involved in the bank's inception continue to be owners, showcasing a longstanding connection with the community.The bank's growth over the years led to the establishment of multiple locations, including Haugen, Prairie Farm, Birchwood, Menomonie, Cumberland, Turtle Lake, and Bloomer. With more than 70 years of history, DSB has become one of the largest locally owned community banks in west central and northwestern Wisconsin, boasting over $700 million in assets.Community Engagement and SupportWESTconsin Credit Union: People Helping People in ActionWESTconsin Credit Union's commitment to "people helping people" is not just a motto but a guiding principle deeply embedded in their actions. In 2023, their team dedicated over 4,200 hours to volunteerism, participating in nearly 800 community events. Whether through sponsorships, donations, or partnerships, WESTconsin goes beyond the traditional role of a financial institution, reflecting a genuine investment in the well-being of Menomonie.WESTconsin acknowledges that its success is not a solitary achievement but a collaborative effort between dedicated employees and the members they serve. This collaborative spirit reflects the essence of Menomonie, where collective actions drive success. By emphasizing the importance of working together, WESTconsin fosters a sense of community beyond banking transactions, creating lasting relationships built on trust and mutual support.Bremer Bank: A Commitment to Community PartnershipBremer Bank sees community partnership as fundamental to its mission. The recent remodel of their Broadway Street branch is a physical upgrade and a renewed commitment to Menomonie. Through volunteerism, leadership roles, and active engagement in nonprofit organizations, Bremer’s employees contribute to the vibrant tapestry of Menomonie.Founded by German immigrant Otto Bremer, the bank was built on his belief that if banks helped businesses in good times and bad, communities would thrive. Bremer’s purpose to cultivate thriving communities reflects this belief, and they work every day to partner with the people who grow our food, strengthen our economy and support our communities.Dairy State Bank: Engaging the CommunityDSB's commitment to community engagement is evident through its employees' active involvement in various service organizations and projects. From preparing meals at homeless shelters to supporting local nonprofits and contributing to the maintenance of public spaces, the bank prioritizes giving back. Employees' volunteer efforts have evolved into long-term relationships, contributing to the development of stronger communities.Financial Education and WellnessWESTconsin Credit Union: Bridging Financial Gaps through EducationWESTconsin Credit Union doesn't just provide financial services; it invests in the economic well-being of Menomonie. Sponsoring financial education workshops, offering free financial coaching, and providing accessible online resources, WESTconsin is shaping a community where financial literacy is the key to a secure future. By actively engaging with local schools, they ensure that the importance of financial education is instilled early on, fostering a generation of financially empowered individuals.Bremer Bank: A Full Spectrum of Financial SupportBremer Bank's commitment to helping Menomonie residents and businesses reach their financial goals goes beyond traditional banking. With a full range of services—banking, mortgage, investment, wealth management, and insurance—Bremer is a financial ally empowering individuals and contributing to the economic growth of Menomonie. Their comprehensive offerings ensure that the community's diverse needs are met, promoting financial stability and prosperity.Dairy State Bank: Banking on Relationships DSB has benefited from the ability to form valuable relationships and networks with a large number of business professionals. These connections have provided opportunities to brainstorm ideas, share success stories, and collaborate on initiatives to strengthen and strengthen the community. The engagement of employees in volunteering has further fostered long-term relationships, contributing to the bank's success.Future Goals and GrowthWESTconsin Credit Union: A Financial Institution for EveryoneWESTconsin's future goals revolve around creating a financial institution where everyone feels welcome and genuinely valued. Extending its reach to new communities, fostering a collaborative workplace culture, and aiming to be recognized as a top employer, WESTconsin is dedicated to the continued prosperity of Menomonie. By focusing on inclusivity and recognition, they aim to build a financial institution that truly reflects the community's diverse needs.Bremer Bank: Constant Evolution for Community StewardshipBremer's commitment to constant evolution focuses on enhancing the customer experience and being good community stewards. The recent remodel reflects their dedication to Menomonie, and the encouragement for community members to provide feedback and ideas reinforces their commitment to being a bank that listens and adapts.Bremer Bank's recent remodel, featuring partner tables replacing traditional teller lines, is a testament to its commitment to being a welcoming and collaborative space. They aim to help customers solve their most challenging problems, fostering a sense of inclusivity and shared success. By creating an environment that encourages open communication and problem-solving, Bremer aims to be more than just a bank but a partner in the financial well-being of Menomonie.Dairy State Bank: Purposeful Growth To Expand ReachDairy State Bank's future goals revolve around achieving growth while maintaining a safe banking environment in the communities it serves. The bank aims to expand into markets that complement its existing footprint, ensuring sustained progress and prosperity for both the bank and the communities it operates in.Empowering Residents, Fostering Growth, and Creating a Strong Community TogetherThe stories of WESTconsin Credit Union, Bremer Bank, and Dairy State Bank are woven into the fabric of Menomonie, shaping its economic landscape, fostering growth, and creating a community where financial well-being is a shared goal. As the Greater Menomonie Development Corporation, we celebrate these financial institutions for their pivotal role in driving prosperity and contributing to the vibrant future of Menomonie.
Read MoreAt the heart of the St. Croix Valley Business Innovation Center (SCVBIC) lies a simple yet powerful mission: to provide incubation space, training, and unwavering support that not only fosters entrepreneurship but also significantly enhances the success of businesses. The ripple effect of this mission is palpable, resulting in new job opportunities and increased local wealth in the surrounding areas like Dunn County.Nurturing Entrepreneurs with Tailored SupportSCVBIC provides an array of services, from management guidance to connecting with an entrepreneur ecosystem. The result is new business owners receive the tailored support they need for success. Every business is unique, and SCVBIC ensures entrepreneurs receive the specific resources for their growth journey.The Incubator Program, a cornerstone of SCVBIC, facilitates one-on-one meetings with the center's director. This strategic collaboration results in personalized action plans, goal setting, and regular performance reviews, guiding entrepreneurs on a focused and successful path.Entrepreneurs in the program gain more than workspace; they become part of a community. SCVBIC opens doors to networking events, classes, and workshops, fostering connections and providing learning experiences crucial for long-term success.Fueling Economic Growth and Success StoriesThe impact of SCVBIC on local businesses is profound. Since its inception in January 2018, 39 businesses have either started or expanded within its walls, contributing to the retention of 153 jobs and creating an additional 94 positions. This success is a testament to the center's role in fostering entrepreneurship.SCVBIC is not just a business incubator; it's a catalyst for economic investment. With a remarkable $33.1 million invested in the local economy, the center is a driving force behind regional economic growth and prosperity.Twenty businesses have graduated from SCVBIC in the past six years, symbolizing their growth so they can move seamlessly into the surrounding community. SCVBIC not only nurtures businesses but also plays a crucial role in enhancing the region's economic landscape.Collaborative Spaces and Concrete SuccessSCVBIC offers diverse workspaces covering 23,579 square feet on the main level with an additional 7,000 square feet on the 2nd floor waiting for a new business to move in. SCVBIC caters to various business needs. From email-only options to co-working rooms, industrial space with loading docks and over 3,000 square feet for food businesses, private offices and cubicles—any business can find the environment they need to thrive and grow.Business owners, such as Bob Owens of Salient IT Consulting, testify to the pivotal role SCVBIC plays in launching companies. "SCVBIC has provided so much more. Sheri Marnell [Director of St. Croix Valley Business Innovation Center] has taken an interest in my business and has offered concrete advice and ideas on potential avenues for growth. It is clear she and her team understand the needs of a small business owner and the attitude and willingness to provide advice is of great value."Larry Doerr, Chief Operating Officer of Infinite Material Solutions, highlights the collaborative and communicative relationship between SCVBIC and its tenants. “As a tenant, we are treated as business partners and the relationship is extremely collaborative and communicative. We have grown successfully in our space, which offered EXACTLY what we needed! Great people and great partners.”The success stories of businesses growing within the provided spaces showcase that SCVBIC offers precisely what enterprises need, making them great partners in success.In the heart of the St. Croix Valley, SCVBIC is more than a business innovation center; it's a dynamic force propelling entrepreneurial dreams into tangible success, fostering economic growth, and creating a thriving community. As business partners like Bob Owens and Larry Doerr attest, SCVBIC provides the space and the essential tools for businesses to flourish in the St. Croix Valley region.If you want to learn more whether you are currently an entrepreneur, have a desire to start a business, or you are a community member that is curious—reach out to Director Sheri Marnell for a tour and talk. Complete the contact form today.
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Building new and expanding existing facilities are complex undertakings. Companies face myriad decisions in first selecting a site and then in the long-term challenges of managing ongoing operations. A labor market analysis is a critical step in the site selection process, as the company needs to understand the local demographics for current and future workforce availability. Part of that analysis should involve assessing the actual “labor” laboring in the area — Are they unionized, union-free, or unionizing? The answer holds important information about the company’s future workforce because it illuminates both actual payroll costs and the costs organized labor exacts on employers.Unionization TodayThe U.S. Bureau of Labor Statistics reports the union membership rate in 2022 was 10.1 percent, or 14.3 million workers, which is the lowest on record. Yet those numbers only tell part of the story. The latest Gallup poll from August 2023 reveals that 43 percent of adults want unions to have more influence in the country, and 34 percent believe that unions will become stronger. Importantly, for workforce considerations, 77 percent say that unions help more than hurt union members; a record-high 47 percent say that unions help more than hurt non-union members; and 57 percent say that unions mostly help the companies where employees are unionized.Read the full article here.
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