RACINE COUNTY, WISCONSIN – The Greater Racine County Revolving Loan Fund (RLF) is a program that has been created by the Racine County government to aid the businesses affected by the development of Foxconn Industries. This program offers flexible financing so businesses can hire additional employees, offset operating costs, and invest in new assets to increase revenues.
“On behalf of Racine County, I am happy this RLF program supported the growth of Valme North America,” said Jonathan Delegrave, Racine County Executive. “This loan will allow them to purchase cutting and welding equipment to meet the influx of construction projects due to the Foxconn development.”
Valme North America launched their United States branch in Raymond, WI in 2019. With the development of Foxconn, they needed to create more pipes, including complete piping systems to meet the demand of the construction from this development.
As a result of the purchase of this equipment they will be able to add 14.5 new positions and continue to grow their revenue as they produce more complete piping systems to be used across the state and country.