— Legislative Democrats are looking to expand a program that encourages banks to issue commercial loans. The program establishes a loan loss reserve fund that lenders and borrowers contribute to up front, with their contribution matched by the state. The reserve fund is meant to encourage banks to provide loans to small and medium-sized businesses that may be viewed as slightly more risky. That fund would help encourage banks to provide slightly more risky loans to small and medium-sized businesses. The state would pay $350,000, which the legislators said could leverage as much as $13 million in lending. Read more: — The Wisconsin Beef Council says more state producers are adding beef cattle to their farm operations. Statistics from the Department of Agriculture show 2,000 more farms raised beef cows in 2009 than did in 2008. Overall Wisconsin’s meat industry accounts for more than 88,000 total jobs in the state and the state ranks 11th in the nation for total red meat production. TOP STORIES
Mortenson wins $75.7M UW institute contract: M.A. Mortenson Co. has been selected as the construction manager for the $75.7 million Wisconsin Energy Institute on the University of Wisconsin campus in Madison. Edgewater project still alive until at least February: Embracing a spirit of the possible, the Madison City Council on Tuesday agreed to let a proposal to redevelop the historic Edgewater hotel live on for at least seven more weeks. Kraft sells pizza business to Nestle for $3.7B: For now, Little Chute officials think it will be business as usual for the Kraft Pizza Co. plant at 401 W. North Ave. The deal, which is subject to regulatory approval, also includes Kraft’s manufacturing sites in Little Chute and Medford. Kraft’s frozen pizza business employees about 3,400 people, with roughly 1,000 workers in Little Chute. Oshkosh Corp. gets $290M order: Oshkosh Corp. today announced a $290 million delivery order to supply 725 next-generation loading vehicles under an existing contract with the U.S. Army.
************************************************************ 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) – C&D Technologies to develop lithium-ion batteries for Army – Terra Nova expands reach
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MANUFACTURING (back to top) – Harley-Davidson rolls out India motorcycle lineup
LABOR (back to top)
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REAL ESTATE (back to top) – New Berlin hotel, water park project stalls
AGRIBUSINESS (back to top) – Wisconsin Beef Continues to Impact State Economy
RETAIL (back to top) – Harley offering $500 over trade-in for competitor bikes – Houlihan’s at Brookfield Square closing
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