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2020 ANNUAL REPORT Racine’s Business Champion, serving as a voice for the common interests of all organizations – large, small, industrial and retail, for profit and nonprofit.

Racine Area Manufacturers and Commerce - RAMAC 300 5th Street, Racine, Wisconsin 53403 262.634.1931 ramac@racinechamber.com racinechamber.com

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2020 ANNUAL REPORT Introduction Routine days present routine challenges. But routine does not begin to cover what we all faced in 2020. Like you, RAMAC pivoted. We moved to nearly 100% service and information-sharing doing some of the less visible work that are important functions of a strong chamber. Early in the pandemic, we shifted gears and went into neutral: we reduced hours, furloughed staff, and reduced salaries. At the same time, we ramped up information-sharing – notices from the City, County, Wisconsin Manufacturers & Commerce and other sources were vetted and shared with our membership. We became a reliable clearinghouse for information, coordinating our efforts to keep Racine businesses humming in a changing environment. We partnered with the County Executive and

members of the Racine County Rebound Task Force and issued an extensive report to help make sure that all sectors of our business community had a plan and action steps to recover as we moved through the COVID-19 pandemic. Other activities and programs continued throughout 2020 but we were forced to be more creative in the ways we carried on. Zooming and vlogging became our new ways to communicate. And while it wasn’t ideal, we hung together as a business community. These epic times were met with epic efforts on all of our parts, each gear in partnerships turning the other to keep moving forward. We are stronger as a business community. All of us look forward to working with and for this stronger community, thank you for entrusting us as the voice of Racine business.

Matt J. Montemurro President/CEO

Chairman’s Message What a year it has been! In spite of COVID, a Presidential election and the turmoil that had befallen upon us…..the RAMAC team stood vigilant and continued to provide service and support regardless of when and where this was done in support of you, our members. There were many audibles performed over this last year to be pro-active when situations presented themselves. Throughout it all the RAMAC team never gave up, never said we can’t do this, can’t support it…..they just made it happen. They always got to “YES!” Like all of you and your companies, it was not “business as usual.” A few of us became much more tech savvy then we ever had to be as we loaded programs such as Webex, Teams, Go To Meeting etc. on our computers just so we could continue meeting and interfacing with each other. When we did have gatherings, they were always conducted within accordance with the formalized guidelines mandated by the federal, state, and local agencies. And through all of this, RAMAC continued to be the voice of all of you, our members. Albeit events had to be cancelled, modified and/or shifted, we still finished the year within budget and on track to do the same in 2022. I want to personally thank all of you for your membership and steadfast contributions to not only RAMAC but to the community as a whole.

Dominic Cariello

Chairman of the Board, RAMAC 3


STRATEGIC SUCCESSES Advocacy Many mistake our networking opportunities as the only thing we do as a chamber. It is a large piece of what any chamber does, but RAMAC is also about advocating for Racine area businesses. We take our mission seriously – we ARE the voice of business in Racine. And it makes a difference. In March 2020 the actions taken by Racine’s city leadership and their anti-business actions hit many of our members hard. And non-members, as well. One in particular understood the value of our voice:

As I thought about my business and these external forces impacting it, I realized that there was only one group in Racine that was going to look out for businesses and that was, and is, RAMAC. I went online and joined RAMAC that day, hoping to be a member of a group that would work to support businesses in Racine and I haven’t been disappointed. RAMAC is the only entity that’s going to give me a voice in Racine related to my business and it’s critical that as a business- owner, especially a small business, that I support and am active in RAMAC. Thank you Dr. John Warren, of Warren Eye Care, and thank you to all the other business people who understand the value of your membership. We’re here for you as Racine’s Business Champion.

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surveys were conducted to capture member’s needs during the pandemic.

24

grant support letters were crafted for small businesses seeking funding.

Youth Apprenticeship We have learned over the years that nothing beats early hands-on experience in the real world to prepare work-ready employees. And enabling that experience at an early age is a key driver in helping our kids determine what works for them and where their skills are valued and improved. In 2020, RAMAC proudly drives the effort behind Youth Apprenticeship with area high schools and businesses. We understand that the students involved represent our future workforce that powers our businesses. Youth apprenticeships continue to be the best way we know to bring value to both sides of the workforce equation, and RAMAC worked hard to keep the gears between education and business turning in 2020. Although the pandemic curtailed a lot of activity; 125 students worked at 99 companies, regardless. And it's not just the students who gain from the experience.

I believe our work with Youth Apprenticeship and RUSD is a win-win for the students and for our employees. The students get the opportunity to build a foundation for their future outside of the classroom, and our employees get to plant a seed to grow and strengthen the next generation of the Racine community. Dean Popek

Chief Financial Officer Racine Metal-Fab, Ltd

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STRATEGIC SUCCESSES Partnerships 2020 confirmed our reliance on strategic partners. Needing to get things done and moving things forward meant trusting in our partnerships to honor our agreements and come through even when times made it seem impossible. One such partnership RAMAC has is with MRA. As COVID changed the trajectory of all our plans, MRA was there for RAMAC to help you. We used their HR advice, on-line learning, and their 24/7 HR hotline. We are proud to have MRA stand beside us, offering in-person and on-line training for our members. Good business is built on good relationships. It’s why we place such a high value on our members, and our vendor and business partners.

Working together with RAMAC has been a rewarding partnership, both professionally and personally. Our organizations have worked together for a long time which makes it easy for both sides to make decisions, support each other, and work for the benefit of both RAMAC and MRA members. Pat Staaden

COO, Minnesota division MRA

Membership Member benefits extend further than just networking. Your annual fees can mean savings in training, export seal services, and various discount programs. And the benefits are big selling points for our potential, and returning, members. One such case is with ZMac Transportation Services, who provides logistical expertise for transportation. They had been sending staff to MRA in Waukesha for leadership training. We noticed their employees on our class registers and, knowing that they did not sign up through RAMAC, we investigated and learned they were doing the right thing, but it was costing them significantly more than if they were RAMAC members. We’ll let Ray Ziegler, Chief Marketing Officer of ZMac, finish the story:

RAMAC helped ZMac in a couple of ways and we are better because of it. First, they helped us realize that working through RAMAC with our leadership training would save ZMac enough money that basically covered the cost of joining RAMAC completely. Even better, we were still getting the same training from the same instructors but saving money on every employee we sent. Secondly, instead of our employees having to drive to Waukesha, now they could attend classes right here in Racine. Actually, only a block away from our office. This made things very convenient for everyone. Everyone at RAMAC has been great. Very friendly and professional. They encourage participation and I am looking forward to going to get-togethers coming up soon.

Frontline Leadership Fall 2020 Series:

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participants, virtual

23rd Leadership Racine cohort:

12

participants were able to meet in person with precautions in place

New Business Matters Chat virtual series:

8 sessions

158 attendees

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Talent Pipeline Management Working together like cogs in a well-engineered machine, we know we can achieve more than we can do separately. This is the driving force behind the Talent Pipeline Management. Industry-based collaboratives pool their information, their job descriptions, and their hiring goals to form the basis for discussions with educators, training programs, and staffing agencies to ensure their programs meet the requirements of the job descriptions and are able to contribute to a robust pipeline from which all companies can benefit. It’s a long-term, employer-led process, not a quick fix, but if a pandemic has taught us nothing, it has proven that a tight labor market becomes everyone’s issue. RAMAC is proud to support three TPM collaboratives, each established in 2020: IT/Technology, Manufacturing, and Health Care. COVID slowed down the process a bit but TPM is moving forward, and discussions with educators and sourcing will begin mid-year 2021.

It makes sense to pull together to prepare our local industries for work-ready talent, not just for the current crisis, but for the future so we have an ample pool of prospects when we need them. Jon Procunier Vice President e-vergent

Board of Directors Chair - Dominic Cariello, All Integrated Solutions Vice Chair of Finance - Mark Behrens, Johnson Financial Group Vice Chair of Public Policy - Torben Christensen, Wiscon Products Vice Chair of Membership - Judy Melaro-Gavigan, Ascension All Saints Vice Chair of Activities - Doug Nicholson, The Nicholsworth Group Vice Chair of Commerce & Manufacturing (COMAR) - Dean Popek, Racine Metal Fab Patrick Booth, CCB Technology Ryan Brath, Fischer USA Nate Burgers, CNH Industrial Rob Ducoffe, UW-Parkside Randy Ekern, InSinkErator Scott Hess, CliftonLarsonAllen Jeff Knutson, Burlington Graphic Systems Jim Ladwig, SC Johnson Steve Langer, Modine Manufacturing Jody Muniz, Nutritional Designs, LLC Liz Powell, Racine Community Foundation Committees include: Executive, Activities, Commerce and Manufacturing (COMAR), Finance, Membership, Public Policy

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Statement of Financial Position Assets

February 28, 2021 February 29, 2020

Cash and Cash Equivalents

$

620,528

Accounts Receivable, Less Allowance for Doubtful Accounts

$

404,635

126,450

138,291

Grants Receivable

84,238

149,116

Other Current Assets

19,053

22,393

107,005

114,061

23,316

25,078

Property and Equipment, Net Restricted Cash Total Assets

$

980,590

$

15,610

$

853,574

Liabilities and Net Assets Liabilities Accounts Payable Funds Held in Trust Other Current Liabilities Capital Lease, Net of Current Portion Total Liabilities

$

21,222

8,532

9,525

288,873

222,144

1,129

2,940

314,144

255,831

651,292

581,807

15,154

15,936

666,446

597,743

Net Assets Without Donor Restrictions With Donor Restrictions Total Net Assets Total Liabilities and Net Assets

$

980,590

$

853,574

86

While members had to inactivate membership during this period,

536

members

59

members JOINED the chamber.

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300 5th Street, Racine Wisconsin 53403

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RAMAC Annual Report 2020  

RAMAC Annual Report 2020  

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