Latest news with #Wisconsin-based
Yahoo
4 days ago
- Business
- Yahoo
First of two new agriculture transloading facilities breaks ground in Portsmouth
PORTSMOUTH, Va. (WAVY) — Leaders from The DeLong Company were joined by federal, state and local leaders to break ground Thursday on a $26 million project that'll take grains and feedstuffs from across the country and prepare them for international shipment. The Portsmouth Agricultural Intermodal Export Facility will sit on the former CSX Intermodal Yard at Pinners Point. The Wisconsin-based company is leasing the property from the railroad and using a $750,000 grant from the Commonwealth of Virginia to upgrade the railyard. It'll be the first facility of its type not only for Portsmouth, but also the East Coast. Unlike other transload terminals that receive agriculture products after trains drop off other cargo at rail yards, unit trains carrying exclusively grain will be able to pull in to the Pinners Point facility. Portsmouth to become 'international hub' for shipping of agriculture products, mayor says 'You achieve higher efficiency, better rates, so that's the big difference,' said Brandon Bickham, vice president of exports at The DeLong Company. Bickham said it was in 2023 when DeLong, CSX and the city of Portsmouth Economic Development Department began negotiations to locate in Hampton Roads. However, Bickham said DeLong has been working with the Port of Virginia for several years. 'There's a great local supply of grain, and we really wanted to tie a local supply with the Midwest origination area,' Bickham said. 'And this site, this port, allowed us to do that. We've had a great working relationship with the Port of Virginia.' Part of the development will include a 15,000-metric-ton storage silo and a 'grain leg' that'll rise to roughly 150 feet above ground. When a truck or train comes into the terminal, the soybeans, corn, wheat, DDGs or soybean meal will be transferred into shipping containers bound for Vietnam, Indonesia, Thailand, Taiwan and China. The facility is expected to handle 15,000 to 20,000 containers annually and help cut down on empty containers being placed on ships. Bickham said it's also expected to aid local farmers. Soybeans are the top agricultural export in Virginia, accounting for $1.4 billion in exports in 2023, according to the Virginia Department of Agriculture and Consumer Services. 'It should actually, improve [local farmers'] revenue,' Bickham said. 'So they'll have another grain bid. We should add value to the current price of grain.' Bickham said roughly 15 to 20 new jobs will be created by the export facility. This is the the first of two proposed facilities focusing on agribusiness in the city. Less than a mile away in Port Norfolk, Canadian-based Ray-Mont Logistics plans to do just the same at the Norfolk Portsmouth Beltline Railroad. Portsmouth to become 'international hub' for shipping of agriculture products, mayor says The pair of companies will join Perdue Agribusiness in Chesapeake in the exporting of grain. 'In Hampton Roads, we have a strong farming community in many of our cities,' Mayor Shannon Glover said. 'And so what this facility will enable them to do is to participate in moving their products to different markets. I think that's incredible. And I think it's something that shows collaboration, regionalism with a focus on helping our businesses to grow and prosper.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Journals
5 days ago
- Business
- Business Journals
SecureFutures Advisory Council Drives Teen Financial Capability Forward
In today's complex financial world, teenagers face more choices—and more challenges—than ever before. SecureFutures, a Wisconsin-based nonprofit, is meeting that challenge head-on, equipping teens with critical financial education through innovative, real-world programming. Behind that mission is a group that quietly helps make it all possible: the SecureFutures Advisory Council. With deep expertise and strong community connections, this group of leaders plays a pivotal role in shaping the future of teen financial capability across the state. Comprised of top leaders from finance, education, government, and community sectors, the Council serves as both an advisory network and a bridge. Their guidance strengthens SecureFutures' impact, expands its reach, and ensures that every program reflects the evolving needs of students and the communities they represent. Members of the Advisory Council provide high-level counsel to SecureFutures leadership, helping to build strategic relationships and foster partnerships that fuel growth. They also serve as passionate advocates for the organization, elevating the importance of teen financial education across Wisconsin. Just as importantly, they help SecureFutures secure the resources necessary to ensure its continued success. Current Advisory Council members include: • Jeb Bentley, Executive Vice President and CIO, Northwestern Mutual • Nicole Best, Senior Vice President, CFO, and CAO, Heartland Advisors • Wayne Breitbarth, Speaker, author, and consultant, Power Formula for LinkedIn Success • Bill Bruss, President and CEO, WaterStone Bank • Robert Bukowski, Principal, Senior Consultant, Alpha Investment Consulting Group • Jeremy Cain, President, Wisconsin Driver Education Group • Lori Craig, Director Dream Exchange – Finance Program, UW-Milwaukee • Fred Croen, Retired Attorney, Croen Law Firm, LLC • Curt Culver, Retired CEO, MGIC • David Frieder, General Manager, Commercial Card and Virtual Payments, US Bank • Murray Friedman, Retired Director of CRM, Advocate Health • Dr. Eve Hall, President and CEO, Milwaukee Urban League • Nina V.A. Johnson, SVP/WI Branch Banking Market Leader, US Bank • Marcy Kempf, Partner, Cohen & Company • Lloyd Levin, Branch Manager, American Fidelity Mortgage Services, Inc. • Jody Lowe, President and Founder, Lowe Group • Tamara Maddente, President, First Weber • David Mancl, Director, Office of Financial Literacy, Wisconsin Department of Financial Institutions • Timothy Mattke, CEO, MGIC • John McDonald, Shareholder and Attorney, Godfrey & Kahn • Pat McDonough, SVP/CFO, Milwaukee Bucks • Ann Miletti, Chief Diversity and Inclusion Officer, Allspring Global Investments • Elmer Moore, CEO and Executive Director, WHEDA • William Nasgovitz, Chairman and CIO, Heartland Advisors • Rebecca Neumann, Professor, UW-Milwaukee • William Priebe, Portfolio Manager, Geneva Capital Management • Mark Sain, Community Member • Joe Schlidt, Managing Director of Client Special Services, Godfrey & Kahn, s.c. • Howard Schnoll, Community Member • Nathan Stading, Financial Advisor, BMO Investment Services • Mary Ellen Stanek, Founder and Managing Director, Baird Advisors • Pete Syslack, Head of RFP and Sub Advisory Services, Allspring Global Investments • Dan Tranchita, Marquette University • Sara Walker, Vice President of Investments, Catholic Financial Life • Bill Wigchers, CEO, Zilber This distinguished group represents a cross-section of Wisconsin's leadership—individuals united by a shared belief that every teen deserves the opportunity to build a strong financial foundation. Thanks to the engagement of its Advisory Council and the broader support of the business community, educators, and generous donors, SecureFutures served more than 14,000 teens in the last academic year through its programming.
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
Kohl's: Fiscal Q1 Earnings Snapshot
MENOMONEE FALLS, Wis. (AP) — MENOMONEE FALLS, Wis. (AP) — Kohl's Corp. (KSS) on Thursday reported a loss of $15 million in its fiscal first quarter. The Menomonee Falls, Wisconsin-based company said it had a loss of 13 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share. The department store operator posted revenue of $3.23 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.2 billion. _____
Yahoo
6 days ago
- Business
- Yahoo
Eau Claire city council unanimously supports film and television incentive
EAU CLAIRE, Wis. (WLAX/WEUX) – The Eau Claire City Council voted unanimously in support of a Film and Television Production Incentive Program and the reestablishment of a Wisconsin Film Office. The incentive program was introduced as part of Governor Tony Evers' budget proposal and the Wisconsin Legislature also introduced a bipartisan bill. Councilman Charlie Johnson is just one member ready to get more films shot in the Badger State. He says the proposal is getting bipartisan support because of its potential to grow the local creative economy, 'Bringing in Wisconsin-based production crews, Wisconsin-based cinematographers, and Wisconsin-based local hands to help build the sets, for example, or using local caterers. It is that local money that I believe the writers of the bill, that's being kind of discussed in the legislature right now, that's their primary focus. If a group of cities is coming together to show that we support this, at the statewide level, they see that this has the support it needs to go through.' If Bill 231 passes the WI Senate, it will move on to the WI Assembly. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
7 days ago
- Business
- Yahoo
White Cap Signs Definitive Agreement to Acquire the Business of Advanced Fastening Supply
ATLANTA, May 27, 2025 /PRNewswire/ -- White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors, has signed a definitive agreement to acquire the business of Advanced Fastening Supply ("AFS"), a Wisconsin-based supplier of fasteners, tools, safety products and other accessories to commercial and residential end markets. AFS operates three locations in Appleton/Greenville, Madison and Waukesha, Wis. "We look forward to welcoming AFS to the White Cap family in the coming weeks," said Alan Sollenberger, CEO of White Cap. "Their strong reputation and product mix will enhance our ability to serve contractors across the Midwest with the tools, fasteners and safety solutions our customers need to get the job done." "White Cap shares our customer-first mindset and commitment to delivering total jobsite solutions," said George Rasmussen, Co-Owner of AFS. "Together, we can open the door to new growth opportunities for the AFS team and for delivering even more value, service and solutions to our customers across Wisconsin and beyond." About White CapWhite Cap and its affiliates serve as a one-stop shop, providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing products, and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, infrastructure, and residential end markets. White Cap operates approximately 500 branches across North America with more than 10,500 employees supporting approximately 200,000 customers. For more information about White Cap, visit View original content to download multimedia: SOURCE White Cap Supply Holdings LLC Sign in to access your portfolio
