Today’s highly interesting read (08/07/17): In Weary Wisconsin Town, a Billionaire-Fueled Revival

Because she’s wealthy, and because she supports who she supports, the left despises her.

That despite the fact she’s working hard to save a deteriorating Wisconsin city through entrepreneurship.

The NY Times of all places did this extensive profile. Here are a few excerpts.

When Diane Hendricks sees something she doesn’t like here, she buys it.

Ms. Hendricks thinks it can be a place where start-ups create the next billion-dollar idea, and she is remaking the town to fit her vision.

“I see old buildings, and I see an opportunity for putting things in them,” says Ms. Hendricks, 70, who got her start fixing up houses here as a single mother and made her billions selling roofing felt, copper gutters and cement with her late husband, Ken.

Not long ago, Beloit’s economy was ugly. Like many American cities — Detroit, Youngstown, Gary — it had fallen victim to the damage that is wrought when one major industry vanishes from town, reversing local fortunes.

Beloit is different today. That’s because this town of nearly 37,000 has a billionaire who has gone to great lengths to help it turn a corner.

“Diane Hendricks is the most powerful woman in Wisconsin,” says Charlie Sykes, a former talk-show host in Milwaukee.

The article is extensive and worth a read.

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