| TUE WisBusiness News Summary
4 May 2010
Exclusively for WisBusiness Subscribers
From WisBusiness.com …
— Wisconsin’s growing biotechnology sector was hurt by the recession, and the state’s total of 24,694 biotech industry jobs still only represents a fraction of the nation’s 1.4 million jobs, according to a new report on the state of the bioscience industry Monday at 2010 BIO International, the world’s largest gathering of the biotechnology industry.
But the new “State Bioscience Initiatives” report by Battelle Memorial Institute and BIO noted that Wisconsin’s biotech jobs have grown by nearly 16 percent since 2001 and the state is one of relatively few making headway in all four biotech sectors historically tracked by the report.
The report, which ranked Wisconsin in the top two-fifths of all states in bioscience and biotechnology activity, also credited Wisconsin for its commitment to academic research and a growing venture capital market to help take scientific ideas from the lab bench to the marketplace.
It noted that the Madison metropolitan area is one of only two metro areas in the nation, with Bloomington, Ind., being the other, with “specialization” in all four areas – agricultural feedstock and chemicals, drugs and pharmaceuticals, medical devices and equipment, and research and testing.
See more on the report:
— Today at BIO, Gov. Jim Doyle is set to visit the Wisconsin pavilion at 4 p.m. to make what his office says are “several major biotech announcements for Wisconsin.”
He’s also due to be joined by PGA representatives Barry Deach and Steve Crowley to promote the 2010 PGA Championship being held in Wisconsin in August.
Follow new developments throughout the day in the WisBusiness BIO Blog:
— The UW System reports mixed results on its graduation goals but positive progress in areas that could have an economic impact.
The internal report, titled “Investing in Wisconsin’s Future,” shows the system met its goals for increasing research funding, graduates’ impact on state revenues, and the number of degrees in the economically critical areas of science, technology, engineering and mathematics.
The report also says system schools met goals for enrollment, student retention and graduation rates. But targeted minority groups lagged behind goals in most categories.
The full report will be presented to the UW Board of Regents at its meeting Thursday in Madison.
See the press release:
— Thirty-seven Wisconsin companies have been nominated for the an environmental award honoring leadership in pollution prevention, environmental innovation, and stewardship.
The nominees include MillerCoors, the manufacturer Rockwell Automation and the mining equipment company Bucyrus.
Nine awards, based on company size, will be presented to businesses for their commitment and improvements. Winners will be honored during the 21st Annual Environmental Policy and Awards Conference on May 19.
Consumer groups win challenge over Wisconsin stem cell patent: Consumer groups challenging a key patent covering embryonic stem cell research pioneered at the University of Wisconsin-Madison have won an appeal overturning an earlier rejection of their claims. The U.S. Patent and Trademark Office ruled Wednesday in favor of the two consumer groups that challenged one of the patents held by the Wisconsin Alumni Research Foundation. Two other patents, which also cover discoveries made by UW-Madison scientist James Thomson, were not challenged and are not affected by the decision.
– WARF loses a round in stem cell patent dispute
– Wisconsin loses round in battle over stem cell lines
– Biotech: Key embryonic stem cell patent rejected
Wisconsin biotech industry grows: Wisconsin’s biotechnology industry, though small, is growing, according to the State Bioscience Initiatives report by Battelle Memorial Institute. The report ranks Wisconsin in the top 20 for bioscience and biotechnology activity with 24,700 jobs in the industry in 2008
– State’s biotech industry growth kept pace with U.S.
Stratatech completes $3 million funding round: Stratatech has received $3 million in a funding round designed to help the Madison company advance its clinical trials. Stratatech’s StrataGraft human skin substitute tissue is being tested for use in healing severe burns and wounds that would commonly require multiple skin grafts.
– Stratatech closes on $3 million funding round
– Madison biotech raises $3 million
Judge approves sale of Super Steel to Luber: Fred Luber, founder of Milwaukee-based Super Steel Products Corp. has been approved to purchase selected assets of the company out of receivership under Chapter 128 of Wisconsin law.
– Judge approves sales of Super Steel, Milwaukee Forge
Energy Composites plans move forward: A Wisconsin Rapids-based turbine manufacturer has acquired access to $45 million needed to build its planned 535,0000-square-foot manufacturing facility.
Sheboygan: 100 to lose jobs in plant closing; IAC says auto slump reason for closure: International Automotive Components announced Monday that it will cease all but a limited amount of production work at its Sheboygan manufacturing plant by the end of the year in a move that will cost more than 100 workers their jobs.
Universal Mortgage in Mequon to close: Universal Mortgage Corp., an independent mortgage bank in Mequon that provides mortgage products and services, has informed state officials that it will begin the process of closing its operations this month, resulting in the loss of 100 jobs.
– Universal Mortgage closing, cutting 100 jobs
Former Midwest flight attendants sue Republic, Teamsters : The Teamsters union, which now represents about 400 former Midwest Airlines flight attendants, has unlawfully refused to integrate them into a seniority list for flight attendants employed by the airline’s new owner, according to a lawsuit filed in federal court. As a result, the former Midwest flight attendants, who were laid off last year by Republic Airways Holdings Inc., have no seniority – which translates into lower pay – if they’re hired by Republic.
Florida company acquires EMSystems of Milwaukee: EMSystems LLC, a Milwaukee-based provider of web-based health care information technology solutions for the public health and emergency services markets, has been acquired by Intermedix Corp. of Fort Lauderdale, Fla. EMSystems will operate under the trade name Intermedix EMSystems as a division of Intermedix Corp. EMSystems has more than 55,000 active users across 45 states and more than 1,400 hospitals.
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TECHNOLOGY (back to top)
– Agency says its working on contract website deficiencies
– Backlog of patents still stifling potential jobs, director says
– Apple sells 1 million iPads, outdoing first iPhone
BIOTECH (back to top)
– Annual national biotech meeting: Survival of the fittest
– Biotech poised for resurgence in N.C.
– Three biotechs to watch in May
ECONOMY (back to top)
– Manitowoc: Stubbe resigns as economic director
– Economic outlook is cautious even with spending up
– Gulf oil spill could send out far-reaching economic ripples
MANUFACTURING (back to top)
– Factories improve, but outlook is uncertain
– Freedom Plastics successor confident of future
– Magnetek posts quarterly loss as sales fall 24%
LABOR (back to top)
– MSTC students tackle careers dominated by opposite sex
– Rockwell cuts cafeteria, maintenance jobs
– Roundy’s makes agreement with Pension Benefit Guaranty Corp.
– Roundy’s agrees to put more money into pensions
SMALL BUSINESS (back to top)
– Fond du Lac: Village Market will move into Moms Market site
INVESTING (back to top)
– Stronger economic reports pull stocks higher
REAL ESTATE (back to top)
– Sturtevant: Condo owners sue over complex they say remains undone
– State foreclosure filings dipped in April
– Madison developer plans project with or without local support (UPDATE)
– Biz Beat: Big housing project eyed for Winnebago/Yahara River
– Will homes sales move up or move out now that tax credit has ended?
AGRIBUSINESS (back to top)
– UW-Extension to Host Grazing Schools Around Wisconsin
– April Milk Prices Expected to Fall Slightly
– Crop Report: Recent Rains Not Enough for Proper Development
– County to test farmland in move to reduce phosphorus runoff
– Local farmers excited about ‘fantastic’ spring conditions
TRANSPORTATION (back to top)
– Mitchell posts record one-month passenger count
– United, Continental merger likely to have small impact on Mitchell
– United-Continental merger ‘won’t have major impact’ on Madison
– State inspectors focusing on brakes on large trucks
– Milwaukee: Amtrak station operators in tax arrears
– Alderman asks Milwaukee to foreclose on train station
– Overstimulated cities return road money
– Drexel interchange project will move ahead
RETAIL (back to top)
– Milwaukee Public Market turns a corner, sales up 28%
– Illinois-based Valley Bank lone bidder for Stevens Point mall
– Local grocers anticipate higher fish prices as oil spills into Gulf
– Weaver Auto Parts has become a major player in the industry
– Car shoppers take a wait-and-see approach in April
TOURISM (back to top)
– La Crosse Queen season on schedule despite SkipperLiner shutdown
– Little Chute Windmill organizers look to Pepsi Refresh Project for support
– Kaukauna officials pursue plan to maintain historic Grignon Mansion
– Milwaukee: Mitchell St. fights to save Modjeska Theatre
– OnMedia: A bunch of Idols coming to town
– Summerfest announces Miller Lite Oasis lineup
– Six Flags emerges from Chapter 11 with new plan
UTILITIES (back to top)
– Menasha Common Council taps reserves for Menasha Utilities steam plant shutdown costs
HEALTH CARE (back to top)
– Florida company acquires EMSystems of Milwaukee
– Ft. Lauderdale company buys EMSystems
– EMSystems sold to Florida company
– Health care heat lessens
– Assisted Living reports first-quarter profit
– What I Do: I help health care facilities with diagnostic imaging needs
FINANCIAL SERVICES (back to top)
– AnchorBank parent amends credit line with U.S. Bank
– Anchor gets one-year extension on U.S. Bank loan
MANAGEMENT (back to top)
– Children’s Hospital system announces executive changes
BUSINESS COLUMNS (back to top)
– Biz Beat: On rust belt Midwest, Longworth tells it like it is
PRESS RELEASES (back to top)
· Alliant Energy: Files 2010 fuel rate case and 2011 electric rate case
· Battelle, BIO: National bioscience report shows some growth even during recession
· Dells Raceway Park: Opening day – Cabin Fever 75
· Dept. of Agriculture, Trade and Consumer Protection: Potato growers reminded of cull pile destruction deadline
· Dept. of Commerce: Global perspectives seminar May 12 at Lakeshore Technical College
· Dept. of Workforce Development: Secretary Gassman meets with Platteville students enrolled in Southwest Academy for 21st Century Excellence
· Focus on Energy: Briggs & Stratton Corporation launches aggressive energy saving efforts
· Google, Small Business Administration: Google and SBA team up for innovative new partnership to boost Wisconsin small businesses
· Gov. Doyle: To make several major biotech announcements at BIO 2010 Conference
· Keller Williams-Elm Grove: Announces May 3rd additions
· Keller Williams: Announces new office in Elm Grove
· New North: Conference to discuss international trade opportunities for New North businesses
· NFIB: Governor signs legislation to boost health insurance costs
· Roy Business Consultancy Group: Helping companies find realistic money-saving solutions
· SDS Architects: Designs LEED Gold certified building for Nicolet Area Technical College
· Spano Pratt Executive Search: Arthritis Foundation Upper Midwest Region retains Spano Pratt for executive search
· USDA: Agriculture Secretary Vilsack announces Recovery Act water system improvement projects to improve health and sanitation in communities in 12 states
· UW System: UW accountability report shows rise in graduates
· UW-Madison: Chancellor announces final second-round MIU awards
· UW-Madison: Researchers field volcanic ash warning system
· Wisconsin Technology Council, Forward Wisconsin: Latest biotech industry report shows Wisconsin gaining jobs
· Wisconsinmade.com: Knight’s Gourmet Popcorn new on Wisconsinmade.com
· WisDOT: Operation Air Brake on May 5 – Wisconsin State Patrol will intensify inspections of commercial motor vehicle brakes and safety equipment
· WMC: Thirty-seven companies nominated for Environment Awards
· WPPI Energy: Stoughton homeowners begin net zero energy pursuit, demonstrate energy savings
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82