schuster.monday
TRANSCRIPT
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NADO TRAINING CONFERENCE
AUGUST 26, 2013
SAN FRANCISCO, CA
“Broadening Economic Development”
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NORTHWEST REGIONAL PLANNING COMMISSION
Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, Taylor, Washburn, and Tribal Nations of: Bad River, Lac Courte Oreilles, Lac Du Flambeau, Red Cliff, St. Croix
Population: 181,000
Size: 10,615 sq. miles
Created: 1959
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NWRPC = UNIQUE
Venture Fund – Wisconsin Rural Enterprise Fund (WREF)
Enterprise Center Network – Six Business Incubators located
throughout the Region totaling 180,000 square feet
Business Start-up & Sold – Botanic Oil Innovations, Inc.
New Business Start-up – Wolf Wood, Inc.
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WREF, LLC
• Eight investor members have invested $2,125,000 into fund
• WREF has invested $2,077,880 in 13 different companies
• Return on investments has been $473,386 as of 7/31/13
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ENTERPRISE CENTER NETWORK
• 18 current company tenants
• 21 graduated companies
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“AND WE START AND MANAGE OUR OWN”
Business start-up and sold:
• Botanic Oil Innovations, Inc.• Dietary Supplements – all natural “cold-
pressed” oils• Bulk natural ingredients – sold to other
companies• Pharmaceutical• Nutraceutical• Cosmetics
• Cancer Treatment Research
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“NEW BUSINESS START-UP”
New business started June, 2011• Wolf Wood, Inc.
• Research, development and manufacture of thermally modified wood products
• European technology• Kiln purchased from Denmark
Company, manufactured in Spain
• Characteristics of Thermally Modified Wood
• Dimensionally stable• Water repellent – will not rot• Insect resistant• Retains surface color throughout its
thickness• Totally natural – no chemicals used in
process
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WOLF WOOD, INC.
• Research (develop recipes) for low-value, underutilized wood species found in Northern Wisconsin (soft maple, basswood, etc.)
• Develop thermally-modified wood components for wood products industries such as window, door, flooring, utensils, outdoor furniture, etc.
• Partnership with University of MN-Duluth – Natural Resource Research Institute
Wisconsin
Oven-roasted
Lignocelluslosic
Fiber
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GO PACK GO!