Kobussen Hails Drivers During Bus Driver Appreciation Week (Sun Prairie Star)

Kobussen Hails Drivers During Bus Driver Appreciation Week

http://www.sunprairiestaronline.com/main.asp?SectionID=4&SubSectionID=129&ArticleID=6941

Blogger's Note: Kobussen Bus Company just built a brand new facility last year in Sun Prairie off of Bailey Road. This facility services both their coach buses (seen above) as well as many of their school buses.

Chamber Lunch Attendees Learn Energy Efficiency Tips, All About Sun Prairie Utilities (Sun Prairie Star)

Chamber lunch attendees learn energy efficiency tips, all about Sun Prairie Utilities

http://www.sunprairiestar.com/main.asp?SectionID=2&SubSectionID=52&ArticleID=6958

Schmitz earns GHC-SCW 'Top Producer' award (Sun Prairie Star)

Schmitz earns GHC-SCW 'Top Producer' award

http://www.sunprairiestar.com/main.asp?SectionID=2&SubSectionID=50&ArticleID=6957&TM=76489.53

Blogger's Note: The staff at Harms Insurance continue to prove that even in this economy, you can't beat effort and hard work to give you the best chance to be successful. Congratulations, Kathy!

Cadwallader among ATHENA nominees (Sun Prairie Star)

Cadwallader among ATHENA nominees

The Business Forum cordially invites area residents and business people to the 14th anniversary of the ATHENA Award Celebration at the Monona Terrace Community and Convention Center on March 15, 2011. The ATHENA Award Program will begin at 5:30 p.m. with a reception, followed at 6:30 p.m. with the dinner and Award ceremony.

This celebration event recognizes Madison area individuals that have provided opportunities to women in the community to allow them to reach their full leadership potential.

Dr. Dawn Cadwallader, Chiropractor and owner of ProHealth Chiropractic located in Sun Prairie and Madison, is one of nine nominees for the 2011 ATHENA Award.

Click here for more information on the business forum, and the Dane County ATHENA Award.

Click here to read the full story in the Sun Prairie Star.

Obituary for Glenn S. Fenske of Sun Prairie, Wisconsin (Cress Funeral Services)

November 8th, 1942 - February 20th, 2011

Glenn Fenske, age 68, passed away on Sunday, February 20, 2011 at HospiceCare in Fitchburg following a courageous battle with lung cancer. Glenn was born on November 8, 1942 in Madison, the son of Herman and Lillian (Kehl) Fenske. On September 1, 1962, he was married to Judy Selje. They were blessed with a son, Jason, and most recently a daughter-in-law, Carly, and grandson, Caiden.

Glenn was a graduate of Madison East High School, Madison Business College, and the University of WI-Madison. He was Vice President of the Bank of Sun Prairie for 16 years and was currently a Director. He joined Royle Printing in 1984 as Vice President of Administration, retiring in 2001. In retirement he managed Sunwood Senior Apartments and became an associate of Cress Funeral Home as a Funeral Assistant. He was also instrumental in developing WoodGrove Ridge Condominiums, a premier private condominium complex in Sun Prairie. Glenn was a life member and Past President of the Sun Prairie Lions Club and recipient of the Melvin Jones Award, the highest form of recognition in Lionism. He was a member of Masonic Lodge #143 F & AM, Zor Shrine, ROJ #126, and Maple Bluff Country Club. Glenn was Past President of Mendota Gridiron Club and a member of the Directors Club. Long active in community affairs, he twice was President of the Sun Prairie Chamber of Commerce, Vice President of the Sun Prairie Improvement Council and a member for over 20 years of the Sun Prairie Utility Board. He championed support for Sun Prairie school children having served as President of the Business and Education Partnership and was the first President of the Sun Prairie Education Foundation, founded in 2004. He enjoyed golfing, cards, and was an avid UW sports fan, attending most football and basketball games.

For more information, please go to:

http://www.cressfuneralservice.com/a-life-remembered/5339/

Blogger's Note: For everything that is great about the Sun Prairie community, odds are that Glenn had something to do with it. Thank you , and we'll miss you, Glenn.

Wisconsin Cheeseman - Section 128 Auction Information

** NOTE THAT THE FOLLOWING ANNOUNCEMENT DOES NOT CURRENTLY INCLUDE THE REAL ESTATE AT 301 BROADWAY DRIVE. FOR ADDITIONAL INFORMATION ON THE BUILDING AND PROPERTY, PLEASE CONTACT DAMON ROOT AT 616-301-9800 OR damon@kwekelcompanies.com. **

The Wisconsin Food Gift Company, LLC and all its business units are in a Wisconsin state judicial (Section 128) Assignment for the Benefit of Creditors and will be sold at auction on March 2, 2011 at the Concourse Hotel beginning at 10 a.m. C.S.T. in Madison, WI.

The Wisconsin Food Gift Company, LLC ("WFGC") was created in 2007 as a producer and marketer of food gifts and gift components. WFGC is based in Sun Prairie, Wisconsin, produces internally processed cheese spreads and chocolates, and does business through three well-known brands: The Wisconsin Cheeseman®, Mille Lacs Gourmet Foods, and Scott's® Fundraising Resource.

Below is a list of the sale documents for your review:

1) Wisconsin Food Gift Company, LLC Transaction Summary:

Click here: Transaction Summary

2) Non-Disclosure Agreement: Wisconsin Cheeseman NDA V2 1-23-2011:

Click here: NDA WFGC

3) Legal documents regarding the March 2, 2011 sale and auction.

Click here: Assignment for the Benefit of Creditors

Click here: Auction Terms and Procedures

Click here: Notice of Emergency Sale Hearing

This is a great opportunity to acquire these viable businesses at a bargain price.

Please print and sign the NDA under #2. Then either email a scanned copy to dmack@pathfindergroupllc.com or fax to 608-837-5493.

For more information, please contact Dave Mack by phone at (847) 274-7604 or email at dmack@pathfindergroupllc.com for additional information.

City Seeks Projects for New Markets Tax Credit Area (City of Sun Prairie Office of Economic Development)

In 2000, Congress passed legislation encouraging investment in income qualified census tracts. This included the New Markets Tax Credit (NMTC) program, which is operated through the Community Development Financial Institution (CDFI) Fund, a division of the U.S. Department of the Treasury. The program provides investors a credit against federal income tax liability for a qualified investment. The credit provided to the investor totals 39% of the cost of the investment and is claimed over a 7-year credit allowance period.

Eligible projects include:

• Loans and investments in operating businesses located qualified census tracts
• Development of commercial, industrial and retail real estate in qualified census tracts
• Mixed-use projects are okay where commercial income exceeds 20 percent of the gross income of the property

Potential benefits to businesses include:

• Provides gap financing for projects that would otherwise not be able to move forward
• The weighted average interest rate paid by the borrower is below market rate
• Advance rates on collateral exceeds market rate
• Business receives patient capital with some interest-only payments and longer than market amortization period.
• Some forgiveness of the “B Note” (net tax credit equity)likely depending on economic impact of project

The area in Sun Prairie that is eligible for this program is a triangle that has U.S. 151 to the north, Bristol St to east, and Main St. to the south (see below).

Note that a significant portion of this area is also a part of the City's TIF 10, so additional incentives may be available for qualified projects.

For additional information or assistance in evaluating New Market Tax Credits for a project in this area, contact either of these financial consultants familiar with the qualified Sun Prairie tract:

Kate Crowley, Manager

Baker Tilly

608-240-6718

kate.crowley@bakertilly.com

or

Carol Maria, President
Wisconsin Business Growth Fund, Inc.
262-436-3016
cmaria@wbd.org