— A new report from DWD shows Beloit had the state’s highest May unemployment rate among Wisconsin cities at 18.1 percent, and Madison the lowest at 5.7 percent. Rusk County had the highest rate among counties at 13.4 percent, and Dane County recorded the lowest at 5.9 percent. See the report: http://dwd.wisconsin.gov/dwd/newsreleases/2009/unemployment/0509_local_lmi.pdf — The state is urging low-wage workers who have no education beyond high school to apply now for up to $1,000 to take technical college classes this fall and prepare for careers in health care, advanced manufacturing and other demand occupations. The state has set aside $1.5 million for these grants to provide individuals with up to $1,000 for tuition, fees, books and supplies. Eligible areas of study are those identified by regional workforce development boards as high-demand occupations, such as health care, advanced manufacturing, biotechnology and energy. — The Natural Resources Board has OK’d revisions to the state’s shoreland protection rules at its meeting in New Richmond. The rules, updated for the first time since their creation in 1968, apply mostly to unincorporated areas of the state. The revisions are still subject to review by the Legislature. The revised rules would implement a new height limit of 35 feet on shoreland structures, cap the amount of impervious surface allowed on shoreland property and require offsetting the environmental impact of some structural expansion. The rules would lift spending limits on property improvements and provide greater flexibility for structures within 35 feet to 75 feet of the shore. “Modernizing these rules ensures that as Wisconsin grows and develops, we are protecting our most precious natural resources so fundamental to our economy, recreation and our quality of life,” DNR Secretary Matt Frank said in a statement. See the press release: http://dnr.wi.gov/news/BreakingNews_Lookup.asp?id=1348 TOP STORIES Bucyrus to cut jobs: Bucyrus International Inc. announced Wednesday that it plans to cut an unspecified number of jobs at its local operations due to weakening global demand for commodities. CUNA Mutual Group acquisition doubles firm’s retirement business: CUNA Mutual Group will double its stake in the retirement-plan business in a single stroke next week by purchasing a Kansas-based administrator of 401(k), profit-sharing and related plans. Madison’s list of technology companies grows despite recession : The economy may be in its worst slump in decades, but at least one industry is still sprouting new companies and adding jobs in the Madison area. Holiday travel expected to increase in Wisconsin: Wisconsin appears ready to buck predictions that fewer travelers across the United States will take to the roads for the Fourth of July holiday.
************************************************************ See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler: ************************************************************ TECHNOLOGY (back to top)
ECONOMY (back to top) – Wisconsin Center District deals with bad economy
MANUFACTURING (back to top) – Sheboygan’s Nemschoff Inc. bought by Herman Miller
LABOR (back to top) – Appleton jobless rate holds – Green Bay’s unemployment rate stays put in May – Milwaukee unemployment rises to 9% – Milwaukee area lost 45,000 jobs in 1 year, report says – Notices of area layoffs proliferate
SMALL BUSINESS (back to top) – SBA alters loan refinance terms
INVESTING (back to top)
REAL ESTATE (back to top)
AGRIBUSINESS (back to top)
TRANSPORTATION (back to top)
HEALTH CARE (back to top)
FINANCIAL SERVICES (back to top) – M&I hosting reverse mortgage talks in Green Bay – CitizensFirst breaks ground on corporate headquarters – CUNA Mutual Group acquisition doubles firm’s retirement business
MANAGEMENT (back to top) – Anchor BanCorp to pay CEO Bauer $480,000 a year PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
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