St. Croix EDC Hosts Conversation with Scott Hodek and Deb Nichols

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St. Croix EDC Hosts Conversation with Scott Hodek and Deb Nichols

St. Croix EDC will host Scott Hodek and Deb Nichols for an in-person lunch conversation on Wednesday, September 20th at Northwood Technical College, 1019 South Knowles Avenue, New Richmond, Wisconsin.

The event is free, but registration is required. Deadline to register is Friday September 15, 2023.

Event Details:
Wednesday, September 20, 2023
11:30 Check-in and Networking
12:00 Complimentary Lunch, Welcome and Presentation

CLICK HERE TO REGISTER

Highlights:
Gain crucial economic insights
Learn about the Workforce Advancement Initiative
Explore opportunities to access financial support
Networking with attendees

Scott Hodek is the Section Chief of the Office of Economic Advisors, Wisconsin Department of Workforce Development. He will provide a comprehensive economic update, offering valuable insights into current trends and opportunities shaping the St. Croix Valley’s economic landscape.

Deb Nicholas is the Director of Business Services at the West Central Wisconsin Workforce Development Board. She will present information on the Workforce Advancement Initiative, an exciting program that offers employers up to $10,000 of support for employee training, daycare, transportation, and much more.

Questions: St. Croix EDC (715) 690-2110

CLICK HERE TO REGISTER

July 2023 Unemployment

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St. Croix County’s July Unemployment Rate at 3.2%

On August 23rd, the Wisconsin Department of Workforce Development (DWD) announced the preliminary July 2023 unemployment rates for Wisconsin’s 72 counties and the 35 cities with populations greater than 25,000 residents. St. Croix County’s July rate was estimated at 3.2%, which is lower than June’s final rate of 3.5% but higher than May’s final rate of 2.8%. One year ago, the county’s unemployment rate was estimated at 3.0%.

DWD said preliminary unemployment rates from June to July decreased or stayed the same in 68 of 72 counties. Year-over-year, rates decreased or stayed the same in 48 of 72 counties. Current rates range from 2.2% in Lafayette to 9.4% in Menominee.

Preliminary unemployment rates from June to July increased in 34 of Wisconsin’s 35 largest cities. Year-over-year, rates declined or stayed the same in 19 cities. Rates ranged from 2.5% in Madison to 4.8% in Racine.

The five counties with the lowest unemployment rates in July include Lafayette (2.2%), Dane (2.5%), Door (also at 2.5%), Iowa (also at 2.5%), and Green (also at 2.5%). Menomonee had the highest rate in July at 9.4%, followed by Iron (5.2%), Forest (4.7%), Adams ((also at 4.7%), and Buffalo (4.3%).

St. Croix, Pierce, and Polk counties comprise Wisconsin’s Greater St. Croix Valley. In addition to St. Croix’s rate of 3.2%, July’s preliminary rate for both Pierce and Polk was also 3.2%.

St. Croix and Pierce counties are included in the 15-county Minneapolis-St. Paul-Bloomington MN-WI metro area. The July 2023 unemployment rate for the Twin Cities was estimated at 3.1%, which is lower than June’s final rate of 3.3% but higher than May’s final rate of 2.9%. The unemployment rate for the Twin Cities was 2.5% in July 2022.

Nearby Washington County in Minnesota reported a preliminary rate of 2.9% in July, while Dakota County, MN reported a rate of 3.0% and Chisago County, MN had a rate of 3.3%.

The preliminary (seasonally adjusted) unemployment rate for Wisconsin in July was estimated at 2.6%, which is higher than June’s final rate of 2.5% and May’s final rate of 2.4%. One year ago, the state’s seasonally adjusted rate was 3.0%.

The preliminary (seasonally adjusted) unemployment rate for Minnesota in July was estimated at 3.0%, which is higher than the final rate of 2.9% for both June and May. Minnesota’s seasonally-adjusted rate one year ago was 2.6%.

The preliminary (seasonally adjusted) unemployment rate in the U.S. for July was estimated at 3.5%, which is lower than June’s final rate of 3.6%, but higher than May’s final rate of 2.7%. One year ago, the U.S. rate (seasonally adjusted) was estimated at 3.5%.

Wisconsin’s preliminary (seasonally adjusted) labor force participation rate for July was estimated at 65.5%, which is higher than June’s final rate of 65.3% and May’s final rate of 65.1%. One year ago, Wisconsin’s labor force participation rate was 65.0%. The preliminary (seasonally adjusted) labor force participation rate for the U.S. in July was estimated at 62.6%, which is the same as the final rate for both June and May. One year ago, the labor force participation rate in the U.S. was 62.1%.

July’s estimates are preliminary and are subject to revision within the next few weeks.

St. Croix EDC Hosts Bakke Norman Panelists on August 28th

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St. Croix EDC Hosts Bakke Norman Panelists on August 28th

St. Croix EDC will host attorneys from Bakke Norman starting at 9:30 a.m. on Monday, August 28th via Zoom® for short presentations packed with expert advice for your business.

Topics presented by Bakke Norman will include creditor and business owner matters, business litigation, new laws governing LLCs, working with municipalities, employer and employee issues, and navigating mergers and acquisitions.

The event is free, but registration is required to access the zoom® link.

CLICK HERE TO REGISTER

About Bakke Norman
Bakke Norman has been offering exceptional advice to businesses throughout Northwest Wisconsin since 1985. Our full-service law firm is prepared to handle the legal complexities faced by large corporations as well as the legal needs of small and first-time business owners. At Bakke Norman our focus is to provide superior quality legal services to our community. Our success is driven not only by our dedicated team of attorneys, but by the satisfaction of our clients who trust and recommend Bakke Norman to take care of business.

Bakke Norman Attorneys at Law – Genuine People, Accomplished Attorneys, Expert Advice

To find the Bakke Norman Law Office nearest you, visit www.bakkenorman.com.

Holy Cow! Back to School Shopping

SCEDC BLOG

Holy Cow! Back to School Shopping

BY BILL RUBIN, EXECUTIVE DIRECTOR

Wiki is the source of all things obscure. Really, really obscure. Take the term, Holy Cow! Wiki reports Holy Cow! is linked to other Midwest expressions like Holy Buckets!, Holy Cats!, and Holy Mike! – – all being euphemisms for a biblical reference to a certain Savior with the initials J.C.

Wisconsin Governor Tony Evers uses a similar term, Holy Mackerel!, even though mackerels are found in oceans, far from the Midwest and Great Lakes. His background as a lifelong science teacher, school principal, district superintendent, and Wisconsin’s Superintendent of Public Instruction no doubt shaped his favorite exclamation.

Longtime baseball broadcaster Harry Caray used Holy Cow! when his beloved Chicago Cubs would hit a dramatic homer or make a timely defensive play. Wiki says on other occasions Harry used the phrase to prevent himself from lapsing into vulgarity because the Cubs were a perennial bad team. Defeat was snatched from the jaws of victory on more than one occasion. Faithful Cubs fans promised, “What ‘til next year.”

Holy Cow!, the summer has flown by. Just a short while ago, school lockers and college dorms/apartments were being cleaned out. The next moment, summer rec programs ended and the last Walking Taco was consumed at one of many community festivals in Wisconsin’s St. Croix Valley.

Community elders use the telltale signs of later sunrises and earlier sunsets to mark an impending event. The event in question is not the start of NFL training camps, nor is it the upcoming archery season. It’s back to school shopping.

Moms, dads, grandpas, grandmas, children, and young adults will help make back to school/college shopping a record-setting activity in 2023. Holy Cow! This bold forecast comes from the National Retail Federation (NRF) and its mid-July press release. The NRF says back to school (K-12) spending will reach $41.5 billion, up from last year’s $36.9 billion and the previous high spending mark of $37.1 billion in 2021. Back to college spending is expected to hit $94 billion, about $20 billion more than last year’s record. Throw in a Cow! Buckets! Cats! Mike! and a Mackerel! That’s serious cash.

The NRF predicts $890 per household will be spent on K-12 back to school items and $1,367 per household for college items. Both are records and worthy of another Holy Cow!

The NRF says the increases are primarily driven by a greater demand for electronics. Total electronics spending is expected to reach $15.2 billion, making it another record. And another Holy Cow! Top purchases are laptops, tablets, and calculators. Apparently, education has come a long way since a granite slab, chisel, and candle. Big ticket items for the college crowd include electronics, dorm or apartment/home furnishings, and food plan accounts.

Back to school/college buying seems like a team effort, meaning students with part-time jobs can contribute something to the effort. While America is a country with great opportunities, the right to purchase $150 jeans cannot be found in the Declaration of Independence, Bill of Rights, or Constitution.

Whether it’s a Holy Cow! or a Mackerel!, resilient consumers are reminded to pace themselves. Bills eventually come due and paying them with interest charges is like paying twice.

Here’s to the impending first hour bell. Students, it cometh soon.