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to offer businesses scaled interest rates as low as 1 percent. Interest rate reductions are based on factors that include tenure of the business, credit risk of the business, and hiring levels of low to moderate-income positions. Manufacturingrelated loans may offer higher balances per job created or retained. Loans from this fund are available to qualifying businesses in Fond du Lac County, except for those within the City of Fond du Lac where other loan sources are available. July 2 The U.S. Department of Labor reported 223,000 new jobs were created in June, decreasing the national unemployment rate to 5.3 percent. Job gains occurred in professional and business services, health care, retail trade, financial activities, and in transportation and warehousing. July 3 Health insurance giant Aetna announced plans to acquire Humana Inc. in a deal valued at $37 billion. Humana ranks as the largest employer in Brown County, according to the Greater Green Bay Chamber, with an estimated more than 3,100 employees in the region. While no specific plans have been announced related to combining the operations, Aetna expects to achieve savings of $1.25 billion a year by 2018. After the proposed acquisition closes in the second half of 2016, the combined company would serve the most seniors in

the Medicare Advantage program and would be the secondlargest managed care company in the U.S. July 6 The State Department of Transportation closed the southbound Interstate 41 off-ramp to westbound U.S. Highway 10 for 30 days to reconstruct a portion of the ramp where it ties into westbound U.S. 10 in Winnebago County. The work is part of the larger total reconstruction of the I-41 interchange with U.S. 10. The ramp is expected to reopen by August 5. July 6 The Wisconsin Department of Transportation closed the northbound Interstate 41 on-ramp from Velp Avenue in Howard for approximately four months as part of the interchange reconstruction project associated with the larger I-41 expansion in Brown County. The ramp is expected to reopen by the end of October. July 7 The City of Neenah Plan Commission approved recommending a nearly $9 million tax incremental finance district to redevelop its west side Downtown Gateway District and Arrowhead Park at the foot of Little Lake Butte des Morts. The proposal includes $3.5 million for developer

We’ll provide the business loan. Whatever your business is, that’s your business. verveacu.com/yourbusiness

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www.newnorthb2b.com

NNB2B | August 2015 | 7

Aug 2015  

Regional business magazine; Overachievers Under 30, Education, Technology, State Budget, business information

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