WEDC contributed $250,000 toward the $1.3 million renovation of the long-vacant building at 531 North Main Street. The building will now house the headquarters of DealerFire, a web design and internet marketing firm, while simultaneously creating an incubator/co-working space to foster additional entrepreneurial development in the city. The firm expanded as part of the move, adding 123 additional jobs and investing an additional $1 million in equipment and training.
WEDC contributed $235,000 toward the $3 million downtown redevelopment project. The project allowed Ace Hardware to open in a converted warehouse, and created space for a new NAPA Auto Parts to open in the community while retaining five existing tenants and recruiting three new, smaller tenants, which benefit from improved space and visibility. The project created a combined 30 additional jobs.
WEDC contributed $10,000 toward a $40,000 feasibility study and plan to redevelop 30 acres of vacant former industrial properties located along the river and adjacent to downtown. As a result of the plan, title issues were addressed, environmental studies were completed, the city invested $750,000 to acquire 10 of the 16 acres, and a developer RFP was created which will be issued once cleanup is complete. The city is also pursuing the purchase of strategic properties in the study area.