WEDC contributed $1 million toward the $35 million redevelopment of the former Beloit Corp. facility into the Ironworks office/tech park. The project began in 2002, and includes the conversion of multiple plant buildings into high-tech office space as well as site improvements such as creation of a spine road, pedestrian bridge across the river and public art projects.
WEDC provided $205,000 toward a $1.4 million project to completely renovate a vacant downtown property to help an existing business, The Coffee House at Chestnut & Pine, expand, while also adding space for a new bakery, a meeting space/event venue and a commercial kitchen, with a combined 10 additional employees. The renovated building has become an anchor for the growing downtown revitalization effort, spurring developer interest in a long-vacant parcel on the same block for an $800,000 investment to create co-working space. The coffeehouse itself is now the top ranked business in the City of Burlington and has been featured in multiple publications, driving additional tourism activity.
In 2016, WEDC awarded $500,000 to the Village of Kimberly to redevelop the long-vacant, 90-acre New Page Paper Mill site, located along the Fox River. Ultimately, the project will include a $12 million mixed-use neighborhood including 60,000 square feet of commercial space and 800 residential units.