Information for the city of Milwaukee
Milwaukee is the home to the international headquarters of 6 Fortune 500 companies: . The Milwaukee metropolitan area ranks fifth in the United States in terms of the number of Fortune 500 company headquarters as a share of the population. Milwaukee also has a large number of financial service firms, particularly those specializing in mutual funds and transaction processing systems, and a number of publishing and printing companies.Service and managerial jobs are the fastest growing seents of the Milwaukee economy, and health care alone makes up 27% the jobs in the city.In 2009, five Milwaukee area companies were selected as leaders in their industries as magazine recognized The World's Most Admired Companies. Two Milwaukee companies ranked second in their field: Glendale, placed fourth among motor vehicle parts firms.
Ranked fifth were , among general merchandisers.Milwaukee became synonymous with Germans and beer beginning in the 1850s. The Germans had long enjoyed beer and set up breweries when they arrived in Milwaukee. By 1856, there were more than two dozen breweries in Milwaukee, most of them German owned and operated. Besides making beer for the rest of the nation, Milwaukeeans enjoyed consuming the various beers produced in the city's breweries. As early as 1843, pioneer historian James Buck recorded 138 taverns in Milwaukee, an average of one per forty residents. Today, Beer halls and taverns are abundant in the city, although only one of the major breweries remains in Milwaukee.Milwaukee's founding fathers had a vision for the city. They knew it was perfectly situated as a port city, a center for collecting and distributing produce. Many of the new immigrants who were pouring into the new state of Wisconsin during the middle of the 19th century were wheat farmers.
By 1860, Wisconsin was the second ranked wheat growing state in the country and Milwaukee shipped more wheat than any place in the world. Railroads were needed to transport all this grain from the wheat fields of Wisconsin to Milwaukee's harbor. Improvements in railways at the time made this possible. Entrance to in Milwaukee TheBrewery Complex, closed in 1997There was intense competition for markets with Chicago, and to a lesser degree, with Racine and Kenosha. Eventually Chicago won out. Due to its superior financial and transposition status, as well as being a hub on major railroad lines throughout the United States, Chicago had a distinct advantage over Milwaukee. Milwaukee did solidify its place as the commercial capital of Wisconsin and an important market in the Midwest.Milwaukee was once the home to four of the world's largest beer breweries (Schlitz, Blatz, Pabst, and Miller), and was the number one beer producing city in the world for many years.
Despite the decline in its position as the world's leading beer producer after the loss of two of those breweries, it's one remaining major brewery, Brewing Company remains a key employer by employing over 2,200 of the city's workers. Because ofsolid position as the second largest beer maker in the U.S., the city remains known as a beer town despite there being only one large brewery.The historic Brewery, located in "" Valley"" at 4000 West State Street, is the oldest still functioning major brewery in the United States. In July 2008, it was announced that beer would be added to the list of beers brewed in Valley. This created additional brewery jobs in Milwaukee, however, the company's world headquarters moved from Milwaukee to Chicago.Besides and the heavily automated brewery in the old Blatz 10th Street plant, the only other currently operating stand alone breweries in Milwaukee are , a microbrewery in Walker's Point neighborhood, and Lakefront Brewery, a microbrewery located in Brewers Hill. The suburb of Glendale is home to Brewery, another locally popular microbrew. Various brewpubs can be found throughout the Milwaukee area, including Ale House and Street Brewery.Three beer brewers with Wisconsin operations made the 2009 list of the 50 largest beermakers in the United States, based on beer sales volume.
Making the latest big breweries list from Wisconsin is is a joint venture formed in 2008 by Milwaukee based Brewing Co. and, Colorado based s Brewing Company. backdrop for the storyline. Rail tracks along the industrial Menomonee Valley, ancestral home of the Menominee IndiansBecause of its easy access to Lake Michigan and other waterways, Milwaukee's Menomonee Valley has historically been home to manufacturing, stockyards, rendering plants, shipping, and other heavy industry.Reshaping of the valley began with the railroads built by city co founder Byron Kilbourn to bring product from Wisconsin's farm interior to the port. By 1862 Milwaukee was the largest shipper of wheat on the planet, and related industry developed. Grain elevators were built and, due to Milwaukee's dominant German immigrant population, breweries sprang up around the processing of barley and hops. A number of tanneries were constructed, of which the tannery grew to become the largest in America.In 1843 George Burnham and his brother Jonathan opened a brickyard near 16th Street. When a durable and distinct cream colored brick came out of the clay beds, other brickyards sprang up to take advantage of this resource.
Because many of the city's buildings were built using this material it earned the nickname ""Cream City"", and consequently the brick was called Cream City brick. By 1881 the Burnham brickyard, which employed 200 men and peaked at 15 million bricks a year, was the largest in the world.Flour mills, packing plants, breweries, railways and tanneries further industrialized the valley. With the marshlands drained and the Kinnickinnic and Milwaukee Rivers dredged, attention turned to the valley.Along with the processing industries, bulk commodity storage and machining and manufacturing entered the scene. The valley was home to the Milwaukee was home to several pioneer brass era automobile makers, including Ogren (from 1919 to 1922).In 2007, three Milwaukee area companies were among nine firms honored for manufacturing excellence in the Wisconsin Manufacturer of the Year competition. , a major supplier of government and commercial avionics, was honored for its high technology research and development program. Brady, a publicly owned manufacturer of signs, labels and other identification and security products, received an award for corporate excellence. Privately owned Works, which provides metal finishing services, received an award for employee and environmental stewardship.
Nominated companies were evaluated in areas such as financial growth or consistency, technological advances, product development, environmental solutions, operational excellence/continuous improvement, commitment to employees, and effective research and development.In 2009, a group of elected officials and business leaders is trying to entice , a Massachusetts based battery maker, to open a factory in Milwaukee. Milwaukee Alderman has introduced a resolution to have the city of Milwaukee appropriate from $1 million to $20 million for a factory for, the Westborough, Mass. based manufacturer of lithium ion batteries for laptop computers, personal digital assistants, mobile telephones and other portable devices. Stimulus package funds are included in the $787 billion stimulus package signed by Presidentfor lithium ion battery development, he said. interest in locating a plant in Milwaukee stems in part from the area's manufacturing heritage and that it's home to ., the manufacturer has been developing lithium ion batteries for hybrid electric vehicles, plug in hybrid electric vehicles and electric vehicles
Information for the state of Wisconsin
The rough isolation of Wisconsin's North Woods region is cut by part of the Gogebic range, from which much iron ore was extracted before 1965. Iron mining was resumed briefly in 1969 but has since stopped altogether. Sand and gravel, stone, and lime are other valuable mineral resources; zinc (as well as lead) is mined in the Driftless Area in the southwest. Important copper deposits were discovered in the north in the 1970s. The state's greatest natural resource since its earliest days has been lumber. Dense forests (white pines in the north, hardwoods elsewhere) once covered all except the southern prairie. While reckless exploitation in the late 19th cent. drastically reduced the magnificent stands, extensive conservation and reforestation measures have saved the valuable lumber industry, and today c.40% of Wisconsin's land area is forested.
The pulp, paper, and paper-products industrial complex in Green Bay and Appleton is one of the largest in the nation. The state's accent, however, is chiefly pastoral. One of the nation's largest dairy herds grazes here, and Wisconsin is the leading state in the production of cheese as well as the second largest milk producer (after California). After dairy products and cattle, the state's most valuable farm commodities are corn and soybeans. Other important crops are hay, oats, potatoes, alfalfa, and a great variety of fruits and vegetables. Food processing, predictably, is one of the state's foremost industries, along with the manufacture of machinery, which is centered in Milwaukee, Madison, and Racine. Other important manufactures are vehicles and transportation equipment, metal products, medical instruments and equipment, farm implements, and lumber.
Almost all Wisconsin's major industries are to be found within metropolitan Milwaukee, where the traditional brewing and meatpacking are rivaled by the manufacture of heavy machinery and diesel and gasoline engines. Wisconsin has numerous ports on the Great Lakes capable of accommodating oceangoing vessels. The superb harbor at Superior (shared with Duluth, Minn.) has sizable shipyards and coal and ore docks that are among the nation's largest. Tourism and outdoor recreation are burgeoning, and several Native American groups operate gambling casinos in the state; through casino enterprises the Winnebago tribe has become one of the state's larger employers.
You no longer have to waste time in collecting on invoices.
Factoring Companies Wi
There are many reasons why factoring has become a popular and valuable financial tool for businesses today. The key benefit of factoring is that a business receives a quick boost to its cash flow: in fact, many factoring companies offer cash on their Accounts Receivable within 24 hours! -Factoring Companies Wi
DON'T EVEN THINK ABOUT GOING TO THE BANK WITHOUT READING THIS REPORT
Factoring Companies Wi Articles
Why Trucking Companies Use Factoring Companies.
As the owner of your own business, you may be more than aware already of the difficulty in making sure that cash flow issues do not become a problem down the line. After all, the worst thing that can possibly happen for your business is to find yourself embroiled in a long and difficult situation that leaves you forever trying to find the cash you need on an ongoing basis.
For any business in this situation, the problem can come for waiting for work to clear up and actually be paid into your account. Invoices, checks, and the like can take some time to actually to be processed which can leave you with short-term cash flow issues. Thankfully, there are options out there for businesses to look into – and one of these is factoring companies.
Factoring companies will, in exchange for your invoices, provide you with the cash today so that you don’t need to worry about the waiting period that could make paying the bills and getting materials more difficult. With this type of setup, invoice factoring can become incredibly useful for many businesses who need to get out of a cash trap which they have found themselves in.
Because, depending on the size of the job, it can take up to 60 days for some businesses to get paid then it’s important to cover your own back and not leave yourself cash short to pay the bills. After all, how many businesses have two months revenue just lying there to cover all their expenses until they get paid?
This is especially true of trucking companies. They tend to deal with lots of invoices which means a significant amount of collection time involves business owner themselves. Trying to get paid in time can become an incredible hassle and this is why you use trucking factoring companies who are happy to help out truckers specifically.
As we all know, trucking is an incredibly large industry with many companies out there employing hundreds of drivers. Unfortunately, many of these drivers end up in money troubles because they are still waiting for work from six weeks ago to actually pay them. When this is the situation for a trucking company, turning to factoring companies for assistance might be the best choice left.
This means that a trucking company can pay the wages of the staff, keep all the trucks topped off with fuel and continue to scale, grow and expand without always waiting for the money which is taking too long to come in. Trucking Businesses running without a factoring program put in place are leaving themselves at significant risk, as competitors cash out fast and continue to expand.
There’s genuinely nothing to be worried about when it comes to using a Factoring company – they aren’t like a bank or somebody who is going to leave you with a huge pile of debt to pay back. You give them genuine invoices from work you have already finished, you are merely speeding up the payment process.In the United States, where trucking companies thrive, factoring companies are not considered borrowing in any capacity. This confidential agreement then allows both parties to profit and enjoy a comfortable future – it gives the factoring company a guaranteed asset of income to add to the list and it gives the trucking firm the needed cash that they worked hard to earn.
The trucking company provides their invoices to the factoring company. The trucking factoring company then receive the payments from the trucking company’s customers. Factoring has been around for hundreds of years and has been used for many years by many different industries – but none more so than truckers. While you may miss out on a small part of the money, something like 1-3% depending on who you work with, it means that you are getting the money today and can actually start putting the money to work.
After all, an IOU or an invoice is not going to pay for expenses, is it? For trucking companies when the money can be good one day and gone the next, it’s up to the drivers to work sensibly and to ensure they are leaving themselves with a significant amount of time and finance to get through the week until they are paid again.
So the next time your trucking business is having some short-term cash flow issues and you are spending too much time chasing slow paying clients, why not start considering using a factoring businesses as a way to get your money and give yourself a more comfortable future in the eyes of your trucking staff and your bank balance?
You no longer have to waste time in collecting on invoices.
Factoring Companies Wi Articles
Healthcare Staffing Factoring
The healthcare field is arguably one of the most rapidly growing industries in the United States. With the baby boomers, the largest section of our population, reaching retirement age the need for expanding healthcare services has never been more pronounced.
At the center of this growth are healthcare staffing agencies that hire for hospitals, clinics, doctor’s offices and a wide range of medical facilities. However, while business is booming the ability for these staffing agencies to expand is inhibited by the customer invoice system. Fortunately, there are healthcare staffing factoring companies around to help them in their time of need.
We asked the owner of a local healthcare staffing agency, Joy Reed, to talk to us about how factoring companies helped expand her business and provide a much needed boost at a critical time for her company.
“Hello Joy and welcome. I was hoping you would tell us a little about how healthcare staffing factoring companies helped your business, but I suppose we should begin by how you got started in this business?”
Joy Reed (JR), “Thanks for having me. I actually have been a part of several start-up businesses in my recent career and was looking for a field that would show a lot of promise. It was pretty clear to me that medical staffing was a big need in the healthcare field so I set about to start my own business. I had experience in starting up businesses before, so I drew up a business plan, took out a loan, rented the offices and hired a staff to get started.”
“So, you did what most people do in starting up a business. How did it do?”JR: “I actually got off to a pretty good start. I had made a few contacts and managed to get some business right away. This was really helpful because as you might know our clients use invoices for payments and it can take up to 90 days before we actually get the cash in hand. Around four months in we were facing a real crossroads as new opportunities opened up for our business, but we didn’t have the cash on hand to take advantage.”
“I’m a little confused. You say you were doing well, but you didn’t have the ability to expand your business?”
JR: “That’s right. The problem was back to the invoices that were making up wait up to 3 months before we had the cash. I really wanted to expand my staffing business to handle the new opportunities I was being presented, but I couldn’t because I was still waiting on the invoices to finally turn to cash. So I was asking my accountant about what could be done when the suggestion of a healthcare staffing factoring company was introduced.”
“Tell us a bit more about factoring companies.”
JR: “Basically, factoring companies purchase the invoices right on the spot so you can have cash on hand immediately instead of waiting up to three months. For healthcare staffing factoring companies, they will then collect the money from the business when the invoice is read to be fully paid. It really worked out for me because I was able to get cash quickly to add new personnel and even expand my offices to include another section of the building I was renting in.”
“I understand that factoring companies are there for many different kinds of businesses, including medical staffing. Was it difficult to get set up with a factoring company?”
JR: Actually, it was pretty easy once we found a company that met our needs. I just filled out a short form and they looked over a few of the invoices I had to see what companies that I worked with. It really didn’t take long at all before they agreed to cash some of the invoices and I got the money I needed to expand.”
“Could you tell me a little more about the advantages of using a factoring company like this?”
JR: “Sure, I was not only able to hire a couple of new people and rent additional space, I’ve been able to cash my invoices when unexpected bills come up or if I need to make a purchase quickly for a new piece of equipment. This has come in really handy recently when I decided to move to a new location and needed some cash on hand to make the transition. The factoring services are really quite good with reasonable rates and fast service.”
“What’s the differences in using factoring companies over getting a new loan?”
JR: “It is frankly much better than getting a loan because with factoring there is nothing to pay back. We are basically getting our own money from the invoices we’ve earned up front and paying only a small fee. With a loan, I would not only have to pay it back but with interest as well. Factoring for us has really been a godsend when it comes to making decisions about how to expand my business. I’m no longer tied down to waiting 2 to 3 months to get paid when I can take what my business has earned and get cash immediately.”
“I take it that you are happy with how healthcare staffing factoring has worked out for you?”
JR: “You would be correct. I cannot imagine how my business would have expanded at that critical time without factoring companies to buy my invoices. This is a great service that has helped me in my time of need and now my medical staffing business is bigger than ever. I’d recommend factoring companies to anyone running a business that relies on invoices if they need to get cash quickly.”
There is little doubt that Joy Reed has been quite happy about the services she received working with a factoring company. Perhaps factoring is right for you and your needs, be sure to search for the type of factoring business that works in your field so that you can get the right services in helping your company to succeed.
Factoring Companies Wi Articles
Oil Well Cleaning Owner Interview
The oilfield services industry is certainly a booming one these days thanks to a renewed emphasis on searching and drilling for oil on private and state properties. One of the more profitable ventures in this field is not the drilling for oil, but the cleaning of oil and gas wells to keep them operating at full efficiency. Oil and gas drilling is a dirty business and wells will quickly become clogged even with regular maintenance.
Jeffrey Fielding is the owner of an oil well cleaning company who works with several drilling companies in providing cleaning and maintenance of oil wells. Over the past couple of years, Jeffrey has managed to grow his business considerably thanks in large part to his perseverance and determination. However, things were really tight when Jeffrey first started up his company and at one point he was faced with a dilemma that he didn’t know how to overcome.
The following interview with Jeffrey tells how he managed to expand his company at a crucial time thanks to oilfield services factoring. If it wasn’t for the presence of factoring companies that worked in his field, Jeffrey might be in a completely different business today.
“Hello, Jeffrey. It’s good to talk with you and I’m glad you were able to spare the time to share your story with us.”
Jeffrey Fielding: “Thanks, I’m glad to be here.”
“Jeffrey, tell us a little about how you got into the oil well cleaning business first as it’s something our listeners may not be fully aware of.”
JF: “No problem, I’ll start at the beginning. About ten years ago I joined an oil well crew as a roughneck, working my way up through the business. It was hard work and our crew was usually out in the middle of nowhere, but the money was good and the opportunities kept building for me. I quickly learned the job and was hired by a number of drillers to work their rigs over the next few years during the boom in the oil industry.”
“Right from the beginning, I took notice the oil well cleaning crews that would work each rig and started talking to the guys who were a part of that business. After a few years it became clear to me that oil well cleaning was really where it was at ‘cause the work was really steady and the money was just as good, if not better than what I was making. So, with the money I had saved up along with a couple of partners I opened up an oil well cleaning company of my own.”
“It certainly sounds like you struck gold so to speak. So tell us how your business started.”
JF: “It was pretty straightforward as we got our business loan, purchased the equipment and hired a couple of experienced people to help us clean oil wells. We had some pretty good connections and the orders started to pile in, but then we ran into a problem that none of us could even dream of happening. We became victims of our own success.”
“I don’t think I quite understand, could you explain just how that happened?”
JF: “Sure, about six months in we suddenly got new drillers who wanted to use our services, but we didn’t have the money to expand. We get paid by invoice which can take up to 60 days to see the cash which meant that we trying to pay down our loan, the payroll and the equipment, fuel and other costs and didn’t have enough cash on hand to expand. We knew that if we didn’t hire new people and buy new equipment that we would miss out on a golden opportunity. However, one of my friends told me about oilfield services factoring companies that could help us out.”
“What are factoring companies?”
JF: “Basically, a factoring company will buy the invoice and get us the cash immediately. We had good credit and our invoices were certainly good as well. By using their services, we were able to get the cash in our hands quickly and pay for new equipment to then expand our business efforts.”
“It certainly sounds like the factoring companies saved the day for you, but just how do they work?”
JF: “Well, it was a pretty simple process. We just filled out a few forms with the information that they requested and then we sold the invoices we had already collected, but had not collected to the factoring company. We got the cash we needed immediately and they collected the invoice.”
“It certainly sounds pretty straightforward, but why didn’t you just get another loan?”
JF: “My partners and I went over that and another loan would just be too big a burden. We were already paying off our old loan which was considerable and didn’t want to have more debt hanging over our company. By going with the oilfield factoring companies, we didn’t owe anyone, anything. We just collected the money that we were owed a lot more quickly.”
“So, how is business now?”
JF: “It’s better than ever. By using a factoring company I was able to buy new tubing, cleaning fluids, a new vehicle and other equipment that let us take on the new orders. We were able to expand the business quite a bit and our reputation is such that we work with several drilling companies.”
“It sounds like a dream come true.”
JF: “It really does, but I don’t know what we would have done if factoring companies didn’t exist. We still use them when we need cash for new equipment or products to do our job. It’s quick, safe and brings us the money we need to continue our business.”Jeffrey’s company really benefitted from using oilfield factoring companies that served his industry. There are factoring companies for other types of businesses as well that can take invoices and turn them into quick cash for businesses that need to expand. For Jeffrey and many other small business owners, factoring companies can make the difference in the success of your efforts.
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