Solomon Valley Economic Development held their December meeting on Thursday, December 21 at the NCRPC office in Beloit. Robert Davis delivered the Treasurer’s Report for the month and for the year ending September 30. SVED currently holds $127,269 in funds scattered across several checking accounts and certificates of deposit.
In the annual report, SVED showed $24,022 in income against $16,345 in expenses for a net income of $7,677. The largest expenses came in at $8,168 for the continuing Leadership Mitchell County program. Total assets registered at $148,293 which matched total liabilities and equity.
Solomon Valley Community Development Director Heather Hartman reported that Krone’s Service Center in Beloit has closed. The building is listed with Hansen Real Estate. She also spoke about high out of town traffic to visit the Isle of Lights.
She promoted the Rinehart R100 archery shoot set for May 19 and 20 which will take place near Tipton. It is considered one of the top organized archery shoots in the nation. The regional event is expected to draw 300-400 people. A nice influx of people which is expected to have some impact on local business with needs for food, lodging and more.
Hartman also said a new business, Given Grace LLC is now open in downtown Beloit offering an array of floral items and gifts. Michelle Lowry is the proprietor. Also noted was that money remains in the Façade Improvement Program totaling about $6,000. This is a loan program for external aesthetic updates to commercial businesses. Contact Heather at 738-3000 for more information.
Hartman also reviewed the Strategic Doing Meeting held November 29 in Beloit. Eleven project teams evolved that evening looking to make their projects a reality. There are some questions among the groups regarding how to truly get the ball rolling. A workshop to help project groups move their ideas forward will be held January 17 at the North Central Regional Planning Office in Beloit at 7p.m.
Work continues on a project to promote available commercial properties with similar and noticeable signage funded through SVED. The application deadline for the next round of Solomon Valley Community Foundation grants is February 1.
Automatic Electronic Defibrillators, funded by a Community Foundation grant, have arrived and are being delivered throughout the county. Hartman also said the old Dollar General on Hwy. 24 is available for lease or purchase. The building encompasses about 8,000 ft. of space.
SVED President Curt Frasier reported for the Solomon Valley Community Foundation that the match month to benefit the Community Impact Fund was a success. About $120,000 was raised through private donations and a match from the Dane G. Hansen Foundation and community foundation benefactors.
It was also announced that Beloit Area Chamber of Commerce Director Gina Broeckelman will resign her position as of May 18, 2018. It was acknowledged among the group that she has and continues to make invaluable contributions to optimize and expand local commerce and will be missed. The Annual
Chamber Banquet is scheduled for February 3 at Down Under in Beloit. The theme will be “Are you ready for some football.” Broeckelman added that the community profile will be completed and ready by banquet time.
Beloit City Manager Jason Rabe update the group on city projects. The N. Walnut project is in its planning stages with preliminary engineering plans being developed. Talks continue on water source and delivery upgrades. A consolidation joint feasibility study is being performed to gauge the prospect to potentially form a wholesale water district between the City of Beloit and Mitchell County Rural Water Districts. Rabe expects a report on the study in the next two to three months.
He also said an HVAC study being performed on the North Campus buildings. The current boiler system only runs between 25-40 percent efficiently. Rabe also said the city expects to launch its new website in the next four to six weeks.
Ryan Duskie reported that Wayne’s Sporting Goods in Glen Elder is closing at the end of year. Austin Hamilton will be moving into the space to open a taxidermy and sporting goods store. It was also announced that the Beloit Art Center recently acquired a piano.
The next meeting of SVED is set for Thursday, January 18 at 12:30 p.m. at the NCRPC basement meeting room in Beloit.