Tuesday, July 22, 2014

Monday, July 21, 2014

Rob Funderburg Jr.: Philanthropist committed to improving the community

By Jeff Kolkey
Register Star Media
Posted Jul. 20, 2014 @ 5:00 am

Alpine Bank Chairman Rob Funderburg Jr. was introduced to the family business at a young age.

The third-generation banker, land developer and philanthropist grew up in Rockford and fondly recalls frequent visits to what was then Belvidere Bank.
“I would drive around with my dad on Saturday mornings to check on projects he was working on,” the 52-year-old said. “I was 17 when I started working at Alpine Bank as a teller and in operations.”
He’s been married to Cathy since 1993 and is the father of two. The family is known for its banking interests, land ownership and donations to worthy causes.
Funderburg’s father and aunt contributed money for Funderburg Stadium, which was built in 1967 and named in memory of his grandfather, Hugh K. Funderburg. Last year, Alpine Bank “contributed more than $700,000 to 350 community organizations,” Funderburg said. And the Funderburg Foundation donates thousands of dollars to area cultural, community and recreational organizations in Winnebago and Boone counties every year.
“The family is so unique in how they care for the community and the people in the community,” said Bill Roop, president and CEO of Alpine Bank. “I never cease to be amazed at how generous they are and how honorable they are.”
Funderburg succeeded his father, as his father had succeeded his grandfather, as leader of the family businesses. He was elected chairman of Alpine Bank & Trust Co. in 1992 after his father became ill and died.

Read more: http://www.rrstar.com/article/20140720/Special/140719494#ixzz38A2Vtpwf

Faces of Summer: Garden Prairie grower a lifelong farmers marketer

BELVIDERE — Mary Brubach’s Saturday mornings in the summer have been the same since as long as she can remember.
Mary’s mother, Susie, ran Susie’s Garden Patch in Garden Prairie, and 31-year-old Mary said “for the past 27 or 28 years” they’ve been bringing fresh produce to the Belvidere Farmers Market, which runs from 9 a.m. to 12:30 p.m. each Saturday from early June to late October.
“This is all I’ve known,” Brubach said. “I don’t want to do anything else though. I love to interact with my customers. They know me, and I know them. They’ll tell me stories about how my parents sat me down ‘over there’ while they ran the produce stand.”
Mary’s father died about 18 months ago, and Mary and her husband essentially have taken over the garden patch and now they, along with Susie’s help as well as a part-time college student, sell produce ranging from asparagus to rhubarb at farmers markets on Thursday, Friday and Saturday.
“It’s tiring, but it’s fun,” said Brubach, who also likes to shop at other farmers markets, such as Woodstock and Beloit, Wisconsin. “I get to educate people about things they wouldn’t think about because they are used to buying food in stores.”

Read more: http://www.rrstar.com/article/20140721/News/140729921#ixzz38A0hLRTD

Employment Opportunities

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Employment Opportunity

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    :

    Executive Director-- Growth Dimensions has the following employment opportunities

    Reporting directly to the Executive Committee of the Board of Directors of Growth Dimensions for Belvidere-Boone County, Inc., the Executive Director is responsible for providing economic development leadership in the areas of business attraction, business retention and expansion, enterprise zone administration, strategic initiatives and other special projects assigned by the Executive Committee. 
    Full Job Description: Executive Director

    Please submit the following items to:   info@growthdimensions.org This email address is being protected from spambots. You need JavaScript enabled to view it. by July 31, 2014, 5:00 p.m.

    - Cover Letter
    - Resume
    - Salary History & Requirements
    - References (at least two)

    Friday, July 18, 2014

    Ranking US states by job creation in past 5 years

     

    The Great Recession, harshest since the 1930s, began in December 2007 and ended in June 2009. Most states still don't have as many jobs as they had when the recession started. All but New Mexico have more than they did when it ended five years ago.

    A list showing how the 50 states and Washington D.C. stack up in job creation between June 2009 and June 2014, ranked from fastest to slowest growth in hiring:

    Place Jobs in June 2009 Jobs in June 2014 Percentage change:

    North Dakota367,000465,000+26.6 percentTexas10.28 million11.55 million+12.3 percentUtah1.19 million1.33 million+12.3 percentColorado2.24 million2.45 million+9.2 percentFlorida7.22 million7.80 million+8.0 percent Michigan3.84 million4.14 million+7.9 percent Washington D.C.699,000754,000+7.9 percentIndiana2.78 million2.99 million+7.8 percentCalifornia14.36 million15.47 million+7.7 percentTennessee2.61 million2.80 million+7.4 percent South Carolina1.81 million1.933 million+7.1 percentOregon1.61 million1.72 million+6.7 percentWashington2.86 million3.05 million+6.7 percentNevada1.14 million1.22 million+6.7 percentMassachusetts3.20 million3.41 million+6.6 percent Minnesota2.65 million2.82 million+6.6 percent Oklahoma1.57 million1.67 million+6.4 percentUSA130.94 million138.78 million+6.0 percent New York8.52 million9.03 million+6.0 percentMontana429,000455,000+5.9 percentIdaho609,000645,000+5.9 percent North Carolina3.90 million4.12 million+5.7 percentArizona2.43 million2.55 million+5.2 percentOhio5.04 million5.31 million+5.2 percentDelaware416,000438,000+5.2 percentKentucky1.76 million1.85 million+5.1 percentGeorgia3.90 million4.10 million+5.1 percent Iowa 1.48 million1.55 million+5.0 percentHawaii593,000622,000+4.9 percent Wisconsin 2.74 million2.86 million+4.4 percent Alaska320,000334,000+4.4 percent South Dakota403,000420,000+4.1 percent Rhode Island459,000477,000+4.0 percentLouisiana1.90 million1.97 million+3.9 percentNebraska948,000984,000+3.8 percentMaryland2.52 million2.62 million+3.7 percentKansas1.34 million1.38 million+3.4 percent West Virginia749,000774,000+3.3 percentPennsylvania5.61 million5.79 million+3.3 percentVermont297,000306,000+3.2 percentVirginia3.66 million3.77 million+3.1 percent Missouri2.69 million2.77 million+3.1 percent Illinois5.64 million 5.81 million+3.0 percent New Hampshire628,000645,000+2.7 percentMaine596,000611,000+2.7 percentConnecticut1.62 million1.67 million+2.6 percentWyoming285,000292,000+2.4 percentMississippi1.10 million1.12 million+2.3 percentArkansas1.16 million1.19 million+2.2 percent New Jersey3.90 million3.95 million+1.4 percentAlabama1.88 million1.91 million+1.4 percent New Mexico811,000808,000-0.4 percent

    The above is taken from:  http://finance.yahoo.com/news/ranking-us-states-job-creation-past-5-years-181536590--finance.html

    Wednesday, July 16, 2014

    Kansas tax cuts caused tax revenues to fall 11 percent. What's next?

    The tax cuts in Kansas have been breathtaking. In 2012, at Brownback’s urging, the legislature cut individual tax rates by 25 percent and repealed the tax on sole proprietorships and other “pass-through” businesses. It also increased the standard deduction (though it eliminated some individual credits as well).

    In 2013, the legislature cut taxes again. It passed a measure to gradually lower rates even more over five years. By 2018, the top rate, which was 6.45 percent in 2012, will fall to 3.9 percent. It also partially restored some of the credits it eliminated in 2012. This time, it did raise some offsetting revenue for the first few years but far less than the statutory tax cuts. The Center on Budget & Policy Priorities wrote up a nice summary of all the tax changes.

    So what happened after all those tax cuts? Revenues collapsed.

    From June, 2013 to June, 2014, all Kansas tax revenue plunged by 11 percent. Individual income taxes fell from $2.9 billion to $2.2 billion and all income tax collections plummeted from $3.3 billion to $2.6 billion, a drop of more than 20 percent.

    A big chunk of that revenue decline likely comes from individuals redefining themselves as pass-through businesses. Last month alone the state’s individual tax payments fell by one-third from June, 2013.

    Keep in mind that these are actual year-over-year declines in revenues, not shortfalls in projected revenue. And they came at a time when the national economy was recovering (albeit slowly) and most other states were enjoying strong pickups in tax collections.

    ….Since the first round of tax cuts, job growth in Kansas has lagged the U.S. economy. So have personal incomes. While more small businesses were formed, many of them were merely individuals taking advantage of the newly tax-free status of those firms by redefining themselves as businesses.

    Read the entire article by clicking on the the following:  http://www.csmonitor.com/Business/Tax-VOX/2014/0716/Kansas-tax-cuts-caused-tax-revenues-to-fall-11-percent.-What-s-next