From WisBusiness.com …
— Wisconsin women have made “significant strides” toward improving their economic status over the past five years, according to a new report from Lt. Gov. Barbara Lawton.
Lawton said progress has been made in four areas key to women’s workforce participation and economic success since 2003, when the Wisconsin Women = Prosperity initiative was launched.
Those four areas are: economic sufficiency; leadership and political participation; health, safety and well being; and educational achievement.
See the release:
— Wisconsin could have nearly 1 million job openings by 2016, according to figures in a long-term employment study released by Gov. Jim Doyle today.
The study, prepared by the Department of Workforce Development, says two-thirds of the positions will be due to Baby Boomers retiring and other workers leaving the workforce. The other third will be new jobs.
The report said occupations with above-average wages that have numerous job openings include: registered nurses (21,800 openings), elementary school teachers (9,600 openings), carpenters (7,000 openings) and welders (3,600 openings).
“We are continuing to grow our economy in the face of national economic challenges, creating good-paying job opportunities for hard-working Wisconsin families,” Doyle said.
See the release:
— Do you believe your business is unnecessarily burdened by out-dated or overly-burdensome existing state administrative rules or regulations? Does your these business feel its voice is not being heard on issues related to existing state administrative rules or regulations?
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For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
MGIC stock plan hangs in balance: Stockholders to vote on increase in shares… MGIC Investment Corp. stockholders will vote on increasing the number of authorized shares in the Milwaukee company by 53% at a special meeting next month, according to a proxy filed Thursday with federal officials. Shareholders also will be asked to approve issuing more than 19.99% of the stock if some bond owners want to convert their holdings to equity. The votes are needed because MGIC sold $390 million in convertible debentures in March as part of a financing transaction that raised $840 million in capital for the company. MGIC, the nation’s largest mortgage insurer, expects to lose money this year as it is hit by fallout from the subprime mortgage crisis and needed to raise capital to help its bond rating.
A plan to boost Racine County’s economy: Laundry list of critical concerns drove creation of development plan… “Work force development is at a crucial crossroads,” begins the text of the landmark development plan released Thursday. The plan, “Higher Expectations: A Workforce Development Strategy for Racine County,” is designed to guide this county out of its job-related ills by covering all the bases involved in creating a vibrant employment picture: Raising standards and expectations for public education. Supporting stronger, more financially stable families. Creating jobs in communities with high concentrations of unemployed workers. Enhancing work force transportation alternatives.
State projects long-term job trends: Wisconsin officials are predicting that the state will have the greatest demand for registered nurses and school teachers over a 10-year period ending in 2016, according to a long-term employment projections report released Thursday. The 10-year report from the Wisconsin Department of Workforce Development’s Office of Economic Advisors also projects that more than two-thirds of the approximately one million job openings expected to occur between 2006 and 2016 will result from retirements, illness or career changes. “As many students are graduating, and some workers are upgrading their skills, or learning new skills, it’s important for them to know that the demand for skilled workers is high in many areas of our economy,” Gov. Jim Doyle said in a press release.
State banks report lower profits: State banks report lower profits
Delinquent loan and lease ratio nearly doubles for Wisconsin’s savings banks… Profits at Wisconsin’s commercial banks dropped nearly 7% in the first quarter as loans linked to real estate continued to turn sour and cut into earnings, a report released Thursday shows. In the first three months of 2008, the ratio of delinquent loans and leases to total loans and leases jumped to 1.56% from 0.98% at the state’s commercial banks, which lend mainly to businesses. Wisconsin’s savings banks – those focused mostly on mortgage lending – had a net income decline of almost 9%, according to the report by the Federal Deposit Insurance Corp. The ratio of delinquent loans and leases to total loans and leases nearly doubled for those banks, rising to 2.01% from 1.08%.
Women called key to state’s economic health: More leadership roles needed, says lieutenant governor… While the state has made strides in improving the status of women in Wisconsin, more needs to be done to involve a greater percentage of women in workplace and community leadership positions to ensure the economic vitality of the state, Lt. Gov. Barbara Lawton said. Lawton was in Green Bay on Thursday to unveil a midterm report on her Wisconsin Women = Prosperity initiative that looked at where the state has made progress and where work is needed. One of the key areas for improvement, Lawton said, is the inclusion of more women in leadership roles, both at work and in the community. “When we come out of this economic downturn … we can’t afford to sideline one ounce of talent,” she said.
WISBUSINESS FEATURED COLUMNISTS
– GREGG HOFFMANN: Contributor, WisBusiness.com
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– STEVE JAGLER: Executive editor, Small Business Times
– TOM BURZINSKI: IT executive and consultant
TECHNOLOGY (back to top)
– Accelerated Genetics Announces Summer Interns
– Milwaukee’s carbon footprint grows slightly, report says
ECONOMY (back to top)
– Blueprint for building jobs
– Gas hits new high while oil tumbles
– Chippewa Falls lands sand plant
– Mil-what-ee? Image survey has flaws
– Economic growth improves; Numbers still behind U.S. historical average
– Joy Global raises earnings outlook
– Kapco treats employees to free fuel
– Hurd cuts 14 jobs in Merrill
– Despite slower economy, most area grads are finding work
– Nilsestuen Calls on Industry to Get Involved in Ag Ed Workforce Council
SMALL BUSINESS (back to top)
– Winery reopens in Freedom
REAL ESTATE (back to top)
– Hotel Sierra revamp offers suite new look
– Dorm boom threatens landlords
AGRIBUSINESS (back to top)
– Farmers struggle with fertilizer, diesel prices
– Prices Still Going Higher on NASS Cheese Survey
– Pork on the Move in Wisconsin This Weekend
– Cash woes stall plan for Green Bay river projects
– Air travelers at Austin Straubel face new layer of security
– Hangar project falls off radar
RETAIL (back to top)
– Developer courts Pabst Farms tenants
– Belgian brewing giant could be eyeing Miller parent
– Sears Holdings swings to surprise loss on slumping sales
– Cost increases hit every step, ‘farm gate to food plate’
– IRS shutters Schulers
TOURISM (back to top)
– Rising gas cost rocks boaters
– Integrys unit to sell Cassville power plant
– About 750 without power throughout area
– Hospital group to offer incentives to attract nurses
FINANCIAL SERVICES (back to top)
– Falk insurance claims settled
– MWBank opens Slinger branch
MANAGEMENT (back to top)
– Burr resigns from On Broadway
– WMC Foundation summit planned for June 12
– Cedar Community’s Jaberg chosen for Harvard seminar
– NBA’s Stern says Bradley Center has some seasons left
– Bayshore hires new general manager
National Business Roundups ( back to top)
–YAHOO FINANCE: http://finance.yahoo.com/
–CNBC BUSINESS NEWS: http://www.cnbc.com
–ABC BUSINESS NEWS: http://abcnews.go.com/sections/business/
–GOOGLE NEWS: http://news.google.com/news/en/us/business.html
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