Business Bits

NorthStar receives additional matching funs from DOE/NNSA

NorthStar Medical Technologies LLC, parent company of NorthStar Medical Radioisotopes LLC, has received additional matching funds from the U.S. Department of Energy’s National Nuclear Security Administration (DOE/NNSA), bringing to $11.1 million the total funded for NorthStar Medical Radioisotopes’ accelerator method of producing the medical radioisotope molybdenum-99 (Mo-99).
The award supports the process’ continued advancement toward commercialization and recognizes NorthStar’s progress toward its goal of offering multiple sources of Mo-99 produced in the United States using complementary processes that do not involve highly enriched uranium (HEU).
The award advances a $50 million cooperative agreement between the two organizations in which NorthStar raised $25 million that will be matched dollar-for-dollar by DOE/NNSA upon full funding of the agreement. NNSA had already fully funded a separate $50 million cooperative agreement supporting NorthStar’s neutron activation Mo-99 production method, which also does not use HEU as the target material.
Mo-99 is the parent isotope of technetium-99m (Tc-99m), the most widely used radioisotope in medical diagnostic imaging. Tc-99m is used in approximately 40 million procedures worldwide each year to diagnose and stage cancer, heart disease, infection, inflammation and other conditions. But while the United States accounts for roughly half of that demand, no Mo-99 has been produced domestically since 1989. All Mo-99 is currently produced overseas, much of it in aging reactors using weapons-usable HEU, creating safety and national security concerns and the risk of product shortages.
U-Haul Company of Wisconsin, Inc. is pleased to announce that Schultz Power Equipment has signed on as a U-Haul neighborhood dealer to serve the Beloit community.
Schultz Power Equipment, 1223 Madison Road, will offer U-Haul trucks, trailers, towing equipment, support rental items and in-store pick-up for boxes.
Hours of operation for U-Haul rentals are from 8 a.m.-5:30 p.m. (Monday-Friday) and 8 a.m.-noon on Saturdays. After-hours drop-off is available for customer convenience.

New partnership to provide locals with greater access to medical services

A new partnership between SwedishAmerican Health System and Aunt Martha’s Health & Wellness would provide Rockford-area residents with greater access to essential medical services and help reduce escalating health care costs for taxpayers.
The hospital’s partnership with Aunt Martha’s, one of Illinois’ largest community health centers and most experienced providers of integrated mental health and primary care services, would establish an on-site clinic at the hospital, replicating collaborative models already in place at other Illinois hospitals in Woodstock, Joliet, Hazel Crest, Danville and Chicago.
The clinic would offer an integrated, holistic, coordinated approach to primary care, women’s health services, and mental health. As a patient-centered clinic, it would provide a medical home for many uninsured members of the community who now rely on expensive Emergency Department (ED) visits to meet their health care needs. This drives up costs and shifts the financial burden onto local taxpayers.


Brian Thomas Photography adds additional office space at Beloit Irontek

Brian Thomas Photography has recently added additional office space in the Stateline Area. This new space will allow the BTP team to conveniently collaborate with existing and new clients both in the heart of the Rock River Valley and further north, over the state line.
This addition could not be possible without the new Irontek co-working space located in Beloit. This flexible office space allows Brian Thomas Photography and other local entrepreneurial and small businesses the ability to rent desk and conference spaces on a monthly basis.
The Brian Thomas Photography team will maintain both the Rockford and Irontek locations. The business serves the Chicagoland area, as well as the entire Midwest.
Brian Thomas has been creating and capturing the future history since 1991. His work has appeared in national publications.


Saint Anthony College of Nursing ranked as one of top 20 RN programs
Saint Anthony College of Nursing, located in Rockford, Illinois, has been ranked as one of the top 20 RN programs in the state.
Seventy-six programs were analyzed by and Saint Anthony College of Nursing is ranked sixth. The website evaluated schools that support students towards licensure and beyond. This is measured by the nursing licensure exam or NCLEX-RN pass rates.
Saint Anthony College of Nursing has exceeded the state and national average NCLEX pass rates for the past five years.


CBRE employees honored with Deal of the Year awards
Commercial Brokers Group of Madison (CBRE) recently announced Brian Wolff and Chase Brieman in the firm’s Madison office were honored with two Deal of the Year awards.
The awards recognize the most notable transactions completed by members of the Commercial Brokers Group of Madison, an association of more than 200 real estate professionals in the area. The awards presented to CBRE include: Investment Deal of the Year – Vice President Brian Wolff for the 1.7 million-square-foot sale of the Vanta Commercial Properties office portfolio in Madison and Middleton. Industrial Deal of the Year – Vice President Chase Brieman for the 105,000-square-foot Toledo Molding & Die lease at Hendricks Commercial Properties’ speculative project in Beloit, Wisconsin.
“We’re proud that Brian and Chase were recognized by the Commercial Brokers Group of Madison,” said Kevin Armstrong, Managing Director, CBRE Wisconsin. “These transactions demonstrate that their work truly has a major impact for our clients and in our communities.”


Discovery Center Museum awarded $152,400 for STEM Education Program
Discovery Center Museum recently announced that the Charitable Trust of Woodward, Inc. is awarding the museum $152,400 to provide a two-year Multi-Faceted, Hands-On, Interactive STEM Education Program for area students, teachers and the public. The goal of the grant is to instill in children an interest in STEM (Science, Technology, Engineering and Science) disciplines at an age where children may be encouraged to pursue educational and career pursuits in these fields.
“We are deeply committed to supporting the region’s advanced manufacturing and developing STEM talent with a long-term view,” said Sagar Patel, President, Aircraft Turbine Systems. “In order to compete in the World, our region needs to nurture and develop our own STEM talent. STEM professions are exciting, interesting and pay very well.”
“The Rockford School District appreciates Woodward’s continued commitment to RPS and regional students and faculty through this generous financial commitment,” said Rockford Public Schools Superintendent Ehren Jarrett. “We are excited that STEM based experiences will be available to enrich the lives of our students.”
According to the U.S. Department of Commerce, STEM occupations are growing at 17 percent, while others are growing at 9.8 percent. STEM careers are truly “helping” professions that build and transform communities. Introducing children to STEM opportunities and getting them interested in seeking advanced schooling in these areas is essential to meet current and future work force demands, particularly in the Rockford Region.