UW-Green Bay alumnus and President and CEO of Shoreline Credit Union Nathan Grossenbach ’12 (Business Administration and Accounting) talks about banking during COVID-19. Source: Banking with a hometown feel at Shoreline Credit Union | WFRV
Each year personnel from the University of Wisconsin-Green Bay’s Cofrin School of Business and Career Services office organize a series of events over the course of a number of weeks that culminates with the annual Business Week Keynote and Networking Dinner.
Like many other events in 2020, Business Week events had to be transformed to meet the current environment and the needs of UW-Green Bay students. Thanks to the hard work of faculty and staff on campus along with the help of area business leaders, alumni and community members, Business Week 2020 was successful and transformational.
Weyenberg Prize for Excellence in Business
The prize for business excellence is named in recognition of Tim Weyenberg, former CEO and executive chair of the Board of Directors for Foth Companies, and first-ever executive-in-residence for the Austin E. Cofrin School of Business. The 2020 Weyenberg Prize is awarded to two deserving companies that demonstrate the three essential elements for business excellence—leadership transformation, strategy and execution. In addition, two separate scholarships of $2,500 each are awarded in the name of the winning companies. The awards go to the UW-Green Bay business students who best exemplify the spirit of the Weyenberg Prize.
Weyenberg Prize Winner, Foth
As a young electrical engineer, Herbert Foth organized a small engineering firm in Green Bay, Wisconsin with four employees and several area municipalities as clients. That modest beginning in 1938, coupled with an ongoing commitment to delivering personalized, client-centered service and being member-owned, created the foundation for today’s organization. With 26 locations and almost 600 members, Foth delivers technical solutions for public and private clients around the globe and prides itself on solving its clients’ toughest science and engineering challenges.
Foth Scholarship recipient, Dylon Pokorny
Dylon Pokorny is a junior from Waupun, Wis. studying Business Administration with a double emphasis in Supply Chain Management and General Management. He serves as the president of the UW-Green Bay APICS Chapter and interns with a local trucking company, Paper Transport, Inc. In his free time, he owns and manages his small business Pokorny’s Bees and takes an active role in the development of his community.
Weyenberg Prize Winner, C.A. Lawton
The C.A. Lawton Co., established in 1879, is an industry leading foundry located in De Pere, Wis. Lawton has produced castings and machined components for five generations. The company provides complete on-site pattern, casting, machining, testing and assembly capabilities. Lawton is a continuous improvement company, applying LEAN principles to remove waste from all processes and improve efficiency. Lawton is part of a specialty metals platform family of foundries operating under the umbrella of Oakland Standard to provide it’s customers comprehensive access to multiple cast materials. This specialty metals platform serves various industries including air handling, water utility, mining, energy, cement and heavy equipment.
C.A. Lawton Scholarship recipient, Kate Vanderhoef
Kate Vanderhoef is a junior from Waunakee, Wis. majoring in Accounting, Business Administration with a Finance emphasis, and minoring in Spanish. After graduation, her goal is to become a Certified Public Accountant and work at one of the Big Four accounting firms. She is the treasurer of the University’s Colleges Against Cancer Club and also a member of the UW-Green Bay swim team.
60-Second Elevator Pitch Competition
Savvy job seekers have a personal elevator pitch to use during quick encounters with hiring officials at job fairs, during networking events or a chance meeting someplace else. An elevator pitch is a carefully crafted message designed to explain strengths, abilities and goals to a professional or business executive. The catch — it must be given in the time that it takes to ride up an elevator—60 seconds or less! Students prepared and competed for top honors and prizes in the elevator pitch competition and network night. Congratulations to:
First place, Jada Taylor
Second place, Mackenzie Salta
Third place (tie) Jordan Ogren and Dylon Pokorny
Phoenix Trading Competition
The Phoenix Trader of the Year is a simulated trading competition organized by the Student Finance Association (SFA). The competition is open to all UW-Green Bay students. Traders started with initial capital of $1,000,000 on November 4, 2019. They were able to trade equities, futures, options, currencies, futures options and bonds on the StockTrak Trading Simulation software until February 28, 2020. The top three traders with the highest portfolio value at the end of the trading period were selected as winners. By the end of the competition period, the top three traders have generated a combined trading profit of $4,162,132 on their initial total capital of $3,000,000. That translates to a return of 138.74% over the trading period. Congratulations to:
First place, DeAndre Theisen
Second place, Adam Rakers
Third place, Juan Cortes
Thank you to these Business Week sponsors:
Green Bay Packers
Terry & Kris Fulwiler
Johnson Financial Group
A team of UW-Green Bay students with majors in Art, Accounting and Business Administration have won first place in UWGB’s first student business model contest. Emily Barnes (Accounting), Lydia Delikat-Mitchell (Art), and Brianna Pritzl (Business Administration) entered their business model for SoapShop, a retailer of high quality products, such as shampoos and conditioners, that use refillable aluminum bottles. The solution reduces single-use plastic. This first-of-its-kind contest at UW-Green Bay required students to submit two-minute business model presentation videos that covered 8 different business model criteria.
The team earned $750 cash from Dental City and will move on as the top qualifier from UWGB to compete International Video Pitch contest hosted by the University of Pecs in Hungary. The team will compete against the top two business model video presentations from students of other universities around the world. See more about the International Video Pitch contest. Or see more information on how UWGB joined the partnership consortium of worldwide universities to compete in this contest.
The SoapShop team also recently finished in fifth place in the Spring 2020 UWGB Student [Virtual] Business Idea Pitch Contest and were also part of the New Venture Acceleration studio accelerator class.
The second place team, and winner of $250 cash from Dental City, is Caps Off. The Caps Off team of Business Administration majors Molly Hurrish, Kody Kohnke, Cory Gruendemann, and Kayla Wendland will also compete in the International Video Pitch contest. The Caps Off business model provides a better way to recycle plastic by using a smart vending machine and a rewards system. Caps Off recently finished in first place in the Spring 2020 UWGB Student [Virtual] Business Idea Pitch Contest.
As part of the worldwide partners consortium for the International Video Pitch contest, UWGB was tasked, along with all other universities in the contest, to provide three volunteer judges. UWGB alumni Abby Kiefer ’03 (Urban and Regional Studies, Environmental Policy and Planning) and Randy Knaflic ’95 (Music), as well as gBETA Northeast Wisconsin and gBETA Musictech director Adrienne Palm, served as UWGB’s three judges. Palm will also judge the International round of the contest. For more information on these judges, go to https://ivpitch.pte.hu/judges.
Standard Process announced the addition of UW-Green Bay alumnus Tim Goeben to its senior executive team as its new vice president of Finance. He brings more than 25 years of progressive business finance and executive leadership experience to the company. In this position, Goeben is responsible for the company’s financial operations and will position Standard Process for continued profitable growth.
Prior to this role, Goeben provided CFO consulting services in the Milwaukee, Waukesha and Janesville areas through his company, Avanado Financial Consulting Services, and has held financial leadership positions with HOPPE North America, Inc., Johnson Controls, SPX Corporation, and Brunswick Corporation. He earned his bachelor’s degree in accounting from UW-Green Bay and is a Certified Management Accountant (CMA) and Certified Public Accountant (CPA). Goeben resides in Eagle, Wisconsin. He is a Veteran of the United States Air Force.
For more information about Standard Process and to find a health care professional who sells Standard Process products, visit standardprocess.com.
The federal stimulus payments are already hitting bank accounts through direct deposit.Tax experts say people don’t have to pay income taxes on the money.UW-Green Bay Associate Accounting Professor Jim Loebl says it’s considered a rebate, and generally, rebates aren’t taxable. Source: Experts: Stimulus money won’t count as taxable income | WHBY
Assistant Prof. Heather Kaminski (Accounting) gives a mini-lesson on COVID-19’s impact on taxes and stimulus payments. Listen to the lesson.
Financial Executives International (FEI) of Northeastern Wisconsin Announces 2020 Academic Achievement Awards Winners. Alex Wallner, UW-Green Bay, Accounting major, was one of four students selected for the prestigious award.
For more than 15 years, Financial Executives International (FEI) of Northeastern Wisconsin has proudly supported the FEI Academic Achievement Awards, a program developed to recognize and reward the demonstrated excellence of finance and accounting students from colleges throughout the area.
Four $1,000 award checks will be distributed to the recipients. The chapter supports this annual commitment and deems it a worthy investment in the next generation of business and thought leaders who will successfully carry on the mission of FEI.
“Beginning Feb. 4 through April 10, UW-Green Bay students will be on hand to help low-income individuals and families through the Internal Revenue Service’s Volunteer Income Tax Assistance program.” Help will be offered at The Salvation Army, 626 Union Court, Green Bay on Tuesdays, from 5 to 8 p.m., and at the Brown County Public Library, 515 Pine St., Green Bay on Wednesdays from 5 to 8 p.m. There will be no assistance on March 17 or 18, due to Spring Break. Appointments are necessary; please call 920-465-2575 to make one. More information via UW-Green Bay students offering free income tax assistance | Fox 11.
Rosie Sanchez (Business and Accounting) ’08 has been featured as one of ColoradoBiz’s Top 25 Young Professionals, and she has been recognized as an emerging leader in the Colorado 2019 Woman to Watch. ColoradoBiz’s Top 25 Young Professionals celebrates the most promising professionals across the state. Read more about Sanchez’s selection as a Top 25 Young Professional here. The Women to Watch Awards program recognizes female Colorado CPAs who have demonstrated leadership and have made significant contributions to the profession and their communities. She was recognized in August 2019. Read more about Sanchez’s award selection here. Sanchez is currently an audit manager at ACM LLP in Denver, Colo.