| WED WisBusiness News Summary
5 May 2010
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From WisBusiness.com …
— Gov. Jim Doyle announced that the long-awaited $375 million Wisconsin Institutes for Discovery will open for the first time in December on the west side of the UW-Madison campus.
Doyle made the announcement during an appearance at the BIO 2010 Conference in Chicago.
“The Wisconsin Institutes for Discovery will bring together the brightest researchers in nanotechnology, biotechnology, engineering and information technology in a public-private partnership to embark on cutting-edge research and create good-paying jobs,” the governor said in a statement.
Doyle also announced that Madison’s Monona Terrace will host the 2011 Small Business Innovation Research National Conference, set for April 11-13 of next year. Doyle said the conference is projected to draw 850 attendees.
In addition, the governor announced the foundation of a state Clean Energy Generation, Transmission and Storage Systems Consortium. The initiative seeks to join business and government partners with both public and private higher education institutions throughout Wisconsin.
See more BIO 2010 coverage:
— Commerce Secretary Aaron Olver has reached out to Harley-Davidson to offer the state’s help to the motorcycle manufacturer as it looks to cut $54 million in expenses.
Commerce spokesman Tony Hozeny says the current state budget provided “powerful and flexible new tools, from enterprise zones to consolidated tax credits” to help businesses.
“The company would be eligible for any of these tax credits, plus many of our financing programs,” Hozeny said in an e-mail. “We can’t speculate at this time which programs would be most useful, but when and if the company identifies specific needs, we will determine the best match among our many assistance programs.”
Rebekah Sweeney, spokeswoman for Assembly Speaker Mike Sheridan, said R&D tax credits approved in the budget could specifically benefit Harley-Davidson.
Area businesses brace as oil slicks approach New Orleans: Companies in the region that rely on river shipping are keeping an eye on New Orleans as a damaged oil rig leaks an estimated 210,000 gallons a day into the Gulf of Mexico not far from the mouth of the Mississippi. Barge traffic through the Port of New Orleans largely has been unaffected so far by the spill, but any restrictions or closures at the river’s gateway could affect shipping for a number of businesses in the upper Mississippi River valley.
– Consumers Could See Increase In Seafood Prices
Great Wolf’s losses widen: Madison-based Great Wolf Resorts Inc. reported Tuesday that its loss for the first quarter widened compared to last year’s financial results. Great Wolf, which operates water park resorts, said it lost $8.1 million, or 26 cents a share, for the period ending March 31, compared to $5.6 million, or 18 cents a share, from the year-earlier period.
– Sale of Sheboygan’s Blue Harbor remains a possibility
Federal Mogul to add 160 jobs in Manitowoc; Piston ring plant’s planned 2011 closure is blow to Schofield, boost to Lakeshore: The decision by Federal Mogul Powertrain Systems to close a plant in Schofield by March 2011 will result in 160 jobs being added to the company’s piston ring facility in Manitowoc, a spokesman for the Southfield, Mich.-based manufacturer, said Tuesday. More than 200 employees will lose their jobs at the Federal Mogul plant near Wausau, said Jim Burke, corporate communications director.
– Federal Mogul workers could find a silver lining
Higher rates help boost Alliant utilities: Alliant Energy Corp. of Madison reported Tuesday that its utility operations benefited from rate increases, weather and lower capacity costs in the first quarter of 2010.
– Alliant Energy posts lower net income
– Profit dips for Wisconsin Energy
Anheuser-Busch to be NFL beer sponsor in $1B deal: Anheuser-Busch’s flagship brand Bud Light will be the official beer sponsor of the National Football League, edging out rival MillerCoors, which said Tuesday it wouldn’t renew its deal.
– Anheuser-Busch replaces Coors as NFL’s beer sponsor
Cash cows no longer; Dairy farmers getting milked in tough economy: After hitting record highs in early 2008, milk prices crashed during the recession, and many farmers posted huge losses and piled on debt to avoid losing the farm. While the situation has been tempered this year as milk prices have slowly crept up, the troubles linger, as prices still haven’t reached levels where most farmers can even turn a profit. And the consequences of a prolonged slump continue to grow.
Doyle: New UW Research Center To Open In December: Gov. Jim Doyle said two cutting-edge research centers at the University of Wisconsin-Madison will open in December. Doyle announced at a biotechnology conference in Chicago on Tuesday the Wisconsin Institutes for Discovery will open its doors just before he leaves office in January.
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TECHNOLOGY (back to top)
– Madison to host national research conference
– Madison will host national business conference
– AT&T agrees to settle lawsuit over slow Internet speeds
BIOTECH (back to top)
– Biotech industry provides almost 25,000 jobs in state, report says
– What are biotech’s challenges, chances?
ECONOMY (back to top)
– Retail data: Consumers ‘took a breather’ in April
MANUFACTURING (back to top)
– Douglas Dynamics lowers IPO price
LABOR (back to top)
– Bill pitches prison for willful workplace violations
SMALL BUSINESS (back to top)
– Milwaukee loses a local record shop legend
INVESTING (back to top)
– Stock futures fall, point to lower opening
REAL ESTATE (back to top)
– Oshkosh: Plan Commission urges prompt purchase of Quarry Park properties
– Wauwatosa approves UW-Milwaukee campus plan
– Madison: Common Council Votes In Favor Of New Library
– Waterstone Mortgage opens S.C. office
– Home sales see slight rise
AGRIBUSINESS (back to top)
– Wisconsin could benefit as USDA buys surplus cranberries
– Workshops for Reducing Pesticides on Apples, Cherries & Grapes
– State Cheese Production Lower in March, Up Nationally
TRANSPORTATION (back to top)
– Airlines required to check no-fly list more often
– Green Bay: Military Avenue roadwork slow-going as wet soil conditions pose problems for $12M project
– Reconstruction of College Avenue bridge in Appleton earns awards from American Concrete Pavement Association, Wisconsin Builder/Daily Reporter
– Gas prices heading up
– Operation Air Brake underway today
– Debt collector gets 1st crack at overdue Milwaukee train station taxes
– Milwaukee losing bang for streetcar bucks
– Mitchell sets a single-month record for passenger traffic
RETAIL (back to top)
– Dave & Buster’s to be sold for $570M
– MillerCoors reports small boost in net income
– Weyco announces premium Florsheim Ltd. line
REGULATION (back to top)
– Milwaukee council OKs liquor license reform
– Tentative Senate deal on future big bank failures
TOURISM (back to top)
– Wisconsin DNR proposes new camping fees
– White Gull Inn in Fish Creek a finalist in Good Morning America breakfast battle
– Recreational plan for Renard Isle vexes Green Bay City Council
– Sturtevant SportsPlex opening Saturday
UTILITIES (back to top)
– Port Washington company moving headquarters, adding jobs
– Schools, companies tap renewable energy
HEALTH CARE (back to top)
– County executive orders audit of H1N1 funds use
– New medical records system could save time and money for Madison-area patients
– Cash finally in hand, work begins on new Edgerton Hospital
– Assisted Living Concepts posts profit
FINANCIAL SERVICES (back to top)
– Thrivent Financial for Lutherans/Kiplinger Survey of Family Finance finds confidence in economic recovery lags
– Amcore Financial gets default notice from JP Morgan Chase
– Anchor BanCorp gets credit extension
MANAGEMENT (back to top)
– Bernie Patterson recommended to become new UWSP chancellor
– Former Buchner office manager faces $10,000 bond
– Banking exec joins Orion Energy board
BUSINESS COLUMNS (back to top)
– Column: Home-based businesses need business insurance
PRESS RELEASES (back to top)
· Adams Outdoor Advertising: Named OBIE Finalist
· Bradley Foundation: Seventh annual Bradley Prize awardees announced
· Clean Wisconsin: EPA proposes rules regulating coal ash
· DCI Cheese Company: Introduces Party Express trays
· DCI Cheese Company: Introduces Salemville Smokehaus Blue cheese
· Dept. of Commerce: Doing Business Globally seminar May 13 in Eau Claire
· Dept. of Commerce: Global Perspectives seminar May 12 at Lakeshore Technical College
· Dept. of Commerce: International trade breakfast May 14 in Madison
· DeWitt Ross & Stevens: Gardner joins DeWitt Ross & Stevens law firm
· Gov. Doyle: Announces December opening of Wisconsin Institutes for Discovery
· Gov. Doyle: Announces next steps in clean energy partnership with Manitoba
· Gov. Doyle: At BIO 2010, Governor Doyle announces Wisconsin to host national conference
· Gov. Doyle: Establishes clean energy consortium
· Madison Children’s Museum: Dust off your clubs for MCM’s second annual Spring Scramble
· Office of the Commissioner of Insurance: April 2010 administrative actions
· Orion Energy Systems: Names Thomas Schueller to board of directors
· The Boldt Company: Honored for safety record
· UW System: Patterson recommended as UW‐Stevens Point chancellor
· UW-Whitewater: Warhawks compete for cash prizes in business plan contest
· Wisconsin Energy: Posts first quarter earnings; reaffirms earnings guidance for 2010
· WMC: Urges veto of bill restricting workplace education about union organizing
· Workers’ Compensation Centennial Commission: Doyle, Thompson named honorary commissioners
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82