Subject: 09.18.2020 New North Newsletter

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New North Inc. would like to thank O’Connor Connective for their support as an In-Kind level investor in 2020.

To learn more about O’Connor Connective, click HERE.

Encourage Educational Attainment
STEM Next Opportunity Fund: Million Girls Moonshot comes to Wisconsin
WisBusiness
The STEM Next Opportunity Fund today announced a multi-year grant to the Wisconsin Afterschool Network as part of the Million Girls Moonshot. The Intel Foundation and the Gordon and Betty Moore Foundation have joined STEM Next Opportunity Fund and the Charles Stewart Mott Foundation to launch the Million Girls Moonshot. The effort is designed to engage 1 million school-age girls in the United States in STEM (science, technology, engineering and math) learning opportunities over the next five years. The organizations will provide grant funding and in-kind resources to Mott-funded afterschool networks in all 50 states to increase access to hands-on, immersive STEM learning experiences. The first year Wisconsin grant, just awarded,....
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Innovation in the New North Region
Bunch Bars, Sheboygan Company, selected as one of 10 companies in the Food Finance Institute FaFcap Accelerator
WisconsinInno
A tech company that developed an app that provides product-specific composting instructions based on where you live, and a maker of organic, small-batch kombucha are among the 10 companies selected for the 2020-2021 class of the The Food Finance Institute's FaBcap Accelerator.

The institute is part of the University of Wisconsin System’s Institute for Business and Entrepreneurship in Madison. The nine-month accelerator program, in its fifth year, will educate participants on finance and accounting, sales and distribution, marketing and branding, operations and organizational planning, sources,...
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Business Expansion & Development 
Foxconn tops off steel frame for globe-shaped data center
The Daily Reporter 
Foxconn Technology Group announced on Thursday that crews have finished using structural steel to top off a 100-foot globe-shaped data center at the company’s Mount Pleasant campus.

The so-called High-Performance Computing Data Center is part of a six-building complex for Foxconn Industrial Internet, or Fii, a subsidiary that works on automation and so-called smart manufacturing. Crews led by Mortenson Construction completed the frame of the globe-shaped data center and will now begin installing more than 600 pieces of glass to enclose the structure.

Foxconn said it has spent more than $750 million — on capital structures, salaries and other things — since breaking ground at the Mount Pleasant site in 2018.

“The structural completion of the HPCDC Globe is another example of Foxconn’s ongoing investment in Wisconsin,” said Robert Schlaeger of Foxconn. “In addition to continued investment,....
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Economic Development Feature
Wisconsin added 16,700 private sector jobs in August
BizTimes
Wisconsin added 16,700 private sector jobs from July to August, a 0.7% increase, and the state’s unemployment rate dropped from 7.1% to 6.2%, according to U.S. Bureau of Labor Statistics data released today by the Department of Workforce Development.

Although the data suggests Wisconsin’s labor force is bouncing back, the rate of recovery is down from July, which saw an increase of 25,000 private sector jobs.

Wisconsin added 97,600 jobs in June, a 4.4% growth rate from the previous month, according to revised numbers from DWD. In May, the state added 68,100 jobs for a 3.1% growth rate.

The data shows that Wisconsin added 34,700 total non-farm and 16,700 private sector jobs in the month of....

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COVID-19 Updates & Resources
As the COVID-19 begins to have an increased impact on our businesses and communities, we thank our local media for keeping us informed. Additional resources can be found on the COVID-19 Updates page on the New North website.
CLICK HERE FOR COVID-19 UPDATES & RESOURCES

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