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Beloit economic group names leaders
By Hillary Wundrow
Daily News staff writer
The newly formed Greater Beloit Economic Development Corporation appointed an interim board and formed an executive committee during its first official meeting at First National Bank Wednesday morning.
The action was the result of more than a year of planning by the former Beloit Economic Development Corporation and the Beloit Economic Development Advisory Council.
A not-for-profit corporation, the Greater Beloit Economic Development Corporation will coordinate development activities and offer financial assistance to businesses in the region.
"Our main purpose is to work with companies that are interested in investing in the community and retaining and/or creating new jobs. We will focus on establishing an environment that encourages our existing companies to remain and expand as well as generating an environment that is attractive to recruiting new businesses," Beloit Economic Development Director Andrew Janke said.
To meet its goals, the new structure will use committees focusing on executive functions, loan and finance, membership, strategic planning, business development, education/training and nominating.
New interim officers appointed Wednesday include: Chairman Brian Bisbey Sr. vice president of First National Bank; Vice Chair Tom Barnes, president of First American Credit Union; and Secretary/Treasurer Susan Anderson, vice president of Beloit Memorial Hospital.
Beloit City Manager Larry Arft will donate much of his time to the organization, acting as the largest financially contributing local government jurisdiction.
Rick Barder, Vice President of M&I Bank, will serve as loan committee chair. The other at-large financial institution chair will be represented by Dick Rusch, vice president of commercial loans at Blackhawk State Bank.
"The newly appointed officers will act until the full regular board is seated in November," Janke said.
The executive committee will be working with staff to prepare a plan for recruiting members and developing a budget for 2006.
"Between now and the end of the year, the organization will approve the initial due structure," Janke said.
The organization will start recruiting in the fourth quarter, or next October, Janke said.
"At that point in time we will be inviting members throughout Beloit, the Town of Beloit, the Town of Turtle, South Beloit and maybe even wider," Janke said.
Members of the full board will include 10 representatives of business and industry, three members from real estate and contracting, four members of financial institutions, four at large representatives, one representative per local government jurisdiction and up to seven ex-officio partners.
The action was the result of more than a year of planning by the former Beloit Economic Development Corporation and the Beloit Economic Development Advisory Council.
A not-for-profit corporation, the Greater Beloit Economic Development Corporation will coordinate development activities and offer financial assistance to businesses in the region.
"Our main purpose is to work with companies that are interested in investing in the community and retaining and/or creating new jobs. We will focus on establishing an environment that encourages our existing companies to remain and expand as well as generating an environment that is attractive to recruiting new businesses," Beloit Economic Development Director Andrew Janke said.
To meet its goals, the new structure will use committees focusing on executive functions, loan and finance, membership, strategic planning, business development, education/training and nominating.
New interim officers appointed Wednesday include: Chairman Brian Bisbey Sr. vice president of First National Bank; Vice Chair Tom Barnes, president of First American Credit Union; and Secretary/Treasurer Susan Anderson, vice president of Beloit Memorial Hospital.
Beloit City Manager Larry Arft will donate much of his time to the organization, acting as the largest financially contributing local government jurisdiction.
Rick Barder, Vice President of M&I Bank, will serve as loan committee chair. The other at-large financial institution chair will be represented by Dick Rusch, vice president of commercial loans at Blackhawk State Bank.
"The newly appointed officers will act until the full regular board is seated in November," Janke said.
The executive committee will be working with staff to prepare a plan for recruiting members and developing a budget for 2006.
"Between now and the end of the year, the organization will approve the initial due structure," Janke said.
The organization will start recruiting in the fourth quarter, or next October, Janke said.
"At that point in time we will be inviting members throughout Beloit, the Town of Beloit, the Town of Turtle, South Beloit and maybe even wider," Janke said.
Members of the full board will include 10 representatives of business and industry, three members from real estate and contracting, four members of financial institutions, four at large representatives, one representative per local government jurisdiction and up to seven ex-officio partners.
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