(WisBusiness) TUES News Summary — 21 Oct. 2008

From WisBusiness.com …

— Senior biotechnology and medical device executives in Wisconsin remain optimistic about the prospects for their own companies despite a dramatic shift from a year ago in their perceptions of capital availability capital, according to the new Wisconsin Biotechnology Index.

The new quarterly index, a project of the Wisconsin Biotechnology & Medical Device Association (WBMA) and the Madison-based online news source WisBusiness.com, is being launched in advance of Wednesday’s WBMA annual conference. The conference is being held on Wednesday, Oct. 22, from 7:30 a.m. to 6 p.m. at the Country Springs Hotel and Conference Center, Waukesha, Wis. Registration for the conference is open. Registration information and material are available at www.wisbiomed.org.

“The quarterly Wisconsin Biotechnology Index is an important resource not only for our industry, but also for the public and policymakers,” said James L. Leonhart, executive director of the WBMA. “By surveying those who know the state’s senior biotechnology and medical device industry executives – those who know the industry best – we’re creating a tool that will serve as a primary catalyst of the discussion about how to ensure the continued growth of the industry in Wisconsin. We expect that the Wisconsin Biotechnology Index will become the standard by which the state of the industry will be measured.”

Read more about the index methodology and results:


— Organizations based in Wisconsin will receive $220 million in new markets tax credits, the U.S. Treasury Department announced Monday.

Nationwide, 70 organizations were selected to receive $3.5 billion in tax credits for use in low-income communities. The $220 million Wisconsin allocation includes $50 million to the Milwaukee Economic Development Corp. (MEDC).

See more from Milwaukee’s Small Business Times:


— Fred Krupp, president of the Environmental Defense Fund, will deliver the keynote address at the Wisconsin Bioenergy Initiative’s Bioenergy Summit on Thursday, Oct. 23 at 3 p.m. in Ebling Symposium Hall of the Microbial Sciences Building, 1550 Linden Drive in Madison.

Krupp’s talk, which is free and open to the public, will cover current energy policy, as well as innovative ways to encourage companies to adopt environmentally conscious businesses practices.



**NOV. 3: New UW-Madison Chancellor Biddy Martin**

Madison Club

11:45 a.m.

The next WisBusiness.com Luncheon at the Madison Club, organized by the Madison Club, Madison Magazine, and WisBusiness.com, is slated for Monday, Nov. 3 at 11:45 a.m. The guest is new UW-Madison Chancellor Carolyn “Biddy” Martin.

To learn more about Chancellor Martin visit: http://www.chancellor.wisc.edu/

The event is open to the public, and the price for lunch is $19. Call the Madison Club to register at (608) 255-4861. The luncheon starts at 11:45 a.m. and ends at 1 p.m.

**NOV. 18: A post-election look at where the state economy is heading**

Discovery World


7:30-9 a.m.

Featuring: Commerce Secretary Richard Leinenkugel, former Commerce Secretary Cory L. Nettles of Quarles & Brady, Competitive Wisconsin Director and former Commerce Secretary William McCoshen, state Sen. Ted Kanavas, a member of the Senate committee on economic development, and UW-Madison political scientist Ken Goldstein.

Moderated by Mike Gousha of the Marquette Law School and host of “UpFront with Mike Gousha.”

Presented by WisPolitics.com/WisBusiness in cooperation with Competitive Wisconsin, MMAC and Discovery World. Quarles & Brady is an initial sponsor of the event.

See details: http://www.wisbusiness.com/index.iml?Article=139211



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Press Releases
· Dairy Business Association: Dairy industry remains strong in Wisconsin
· Gov. Doyle: Announces grants to increase agricultural exports
· Gov. Doyle: Urges manufacturers to invest in advanced worker training

For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82


Stimulus option builds steam: Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums — perhaps by putting more money in Americans’ pockets. The White House said Monday that President Bush was open to some sort of action after Federal Reserve Chairman Ben Bernanke warned the slump could drag on without the extra bracing tonic.

$55M Appleton condo development bucks sliding economy: After months of delay, work on the $55 million RiverHeath condominium/commercial project starts this week on Appleton’s riverfront. The announcement Monday by developer Mark Geall, a Neenah native and principal in Chicago-based Tanesay Development, comes amid an ailing national housing market and economy.

Johnson Controls buys Gridlogix: Johnson Controls Inc. has bought Gridlogix, a St. Louis enterprise management software company serving organization seeking energy efficiency and conservation in building management. Terms of the acquisition were not disclosed.

Groups to get $220 million in federal tax credits : Wisconsin organizations will receive a total of $220 million in federal tax credits aimed at stimulating economic growth and creating jobs in low-income areas, the U.S. Treasury said Monday. The single biggest award of New Markets Tax Credits bound for Wisconsin — $100 million — will go to the Wisconsin Community Development Legacy Fund Inc., a partnership between the Wisconsin Housing and Economic Development Authority and Milwaukee’s Legacy Bancorp and Impact Seven Inc. The fund plans to use its new tax credits to spur development in Wisconsin’s most economically distressed areas, with a strong focus on rural communities.

MillerCoors ends Zima production: MillerCoors LLC says goodbye to Zima. The joint venture between SABMiller’s U.S. unit and Molson Coors Brewing Co. told distributors in a letter Monday that production of the malt liquor beverage was discontinued as of Oct. 10.


GREGG HOFFMANN: Contributor, WisBusiness.com

TOM STILL: President, Wisconsin Technology Council

JENNIFER SERENO: Senior manager, Wood Communications Group

STEVE JAGLER: Executive editor, Small Business Times

TOM BURZINSKI: IT executive and consultant

TECHNOLOGY (back to top)
– The Onion launches entertainment Web site

BIOTECH (back to top)
– Obama, McCain on stem cells

ECONOMY (back to top)
– Doyle urges work force training investments; comments on economy

MANUFACTURING (back to top)
– Kimberly-Clark will release earnings report

– MillerCoors ends Zima production

– Federal aid available to Wisconsin food companies

– Schools cooperate for industry

LABOR (back to top)
– Milwaukee: Job situation still worsening

SMALL BUSINESS (back to top)
– UW student entrepreneurs turn big sale

– Career move improves quality of life

INVESTING (back to top)
– Wausau Paper declares dividend

AGRIBUSINESS (back to top)
– Company gets boost from high milk prices

– Markets and weather hurt farm outlook

TRANSPORTATION (back to top)
– Schneider wins EPA award

RETAIL (back to top)
– G.T. Spas offers relaxation, exercise options

– American Girl posts increase in sales

– Report: Circuit City may close 150 stores

– Mervyn’s demise may be Kohl’s gain

– Brew pub coming to St. Francis

REGULATION (back to top)
– Oshkosh officials turning to ‘pay-as-you-go’ as new TIF model

– FEMA study gives relocation options

– Stadium Bar’s beer garden subject of upcoming public hearing

– Milwaukee gets second New Markets tax credit influx

UTILITIES (back to top)
– Stormwater utility approved in Menasha

– Kewaunee Power Station’s license renewal meetings’ focus

HEALTH CARE (back to top)
– Proposed $500,000 donation from Ministry Medical Group would expand SPASH fitness center

– Baird opens Charlotte investment banking office

MANAGEMENT (back to top)
– Stanek a pioneer for women in finance, community

– Marquette hires research leader

BUSINESS COLUMNS (back to top)
– Mick Hager column: Don’t overburden small businesses

Media Partners
Small Business Times
Madison Magazine

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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