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Rusk Cherokeean in Rusk, Texas

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Newspaper

Rusk Cherokeean

Location

Rusk, Texas, United States of America

Date

Jun 07, 1956

Page

10

Rusk Cherokeean Post Office Entry Notice

The Rusk Cherokeean notes its second class matter status at the Rusk Texas post office under the 1879 act.

Rusk Texas

How to Lure a Good Industry To Your Town

Elwood R. McIntyre reports Elk Horn Wisconsin transformed by new factories creating industrial payrolls. Plants produce chemicals paints TV parts aerial bomb components burial vaults bowling trophies sharpening machines harvester silos electric welders machinery trailers electronics gear tools dies and stainless steel polishing.

Industrial development corps draw factories to Wisconsin towns

Elkhorn and about 100 Wisconsin towns use incorporated industrial development corporations to lure plants. These bodies offer local financing, land options, and factory building to attract work without flashy subsidies, while promising fair taxes and sympathetic treatment. Local chambers often spearhead the start, with the aim of steady jobs nearby.

Wisconsin State Securities Department Development Corporation Booster Committee R. J. Colbert Bureau of Community Development University of Wisconsin Chamber of Commerce

Elkhorn Forms Industrial Development Corp in 1945

A local drive to fund growth begins with a few visionaries who seek town support. Usual method is selling stock or bonds to residents, or municipally backed financing. In 1945 Elkhorn created its own Industrial Development Corporation, run by seven directors including a lawyer, an excavating contractor, a doctor, a grocer and three retired farmers.

Elkhorn Industrial Development Corporation Elkhorn

Elkhorn Development Corp builds bonds for new industry

Jack Gunyon recalls funding a $76,000 milking equipment factory and later expanding into frames for auto bodies and seamless pipe. The corporation funds land and improvements while manufacturers repay loans. Gunyon asserts no bad loans yet. Colbert notes no known industrial development losses in the state.

Jack Gunyon Minneapolis Colbert Elkhorn Gunyon Industrial Development Corporation Professor Colbert

Also Mentioned on This Page

E. H. Whitehead By Elwood R. McIntyre State Cook Coleman Lumber & Supply Ph W. W. Courtney Mgr Rusk, Texas Goop Forestry American Tree Farm System Wood Forest Management By Ted Key The Travelers Safety Service Tia Lote Southland Paper Mills, Inc Lufkin, Texas Professor Col Babcock Bros. Auto Supply Dynaflow Buick Riviera Jacksonville Motors East Rusk Street Jacksonville
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