Rock County Youth Apprenticeship Job Fair seeking interested businesses
The goal of the event is to connect current sophomores and junior high school students to companies that offer youth apprenticeship positions.
Business Report
Silicon Valley Bank successor’s auction extended by FDIC
The FDIC said Monday that there’s been “substantial interest” from multiple parties for Silicon Valley Bridge Bank.
Deal for UBS to buy Credit Suisse sends shares tumbling
Swiss authorities urged UBS to take over its smaller rival after a central bank plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) last week failed to reassure investors and customers.
Burrito Drive, on Madison’s east side, to close March 26
Burrito Drive was known for its large portable meals, free delivery, and very late-night hours.
MGE purchases Koshkonong Solar Energy Center
The center is expected to generate enough clean energy to power about 90,000 households. MGE’s share of the output will power about 9,000 households.
Kona Ice expands to Monona, Greater Madison area
Kona Ice serves cups of freshly shaved ice and lets customers help themselves to any of the 10 flavors available on the truck’s self-service dispensing system.
United Way of Dane County accepting applications for 2023 Micro-Investment Grants Initiative
UWDC is accepting proposals and requests for up to $5,000 from grassroots organizations that are working to achieve racial equity and/or social justice.
Sarah Godlewski appointed to Secretary of State, replacing Doug La Follette
La Follette’s retirement is effective today, March 17, and Godlweski will start March 18 and fill the remainder of La Follette’s four-year term ending in January 2027.
Communities received $12.1M from Alliant Energy in 2022
Alliant Energy focused funding and volunteering in four areas: community safety and engagement, environmental stewardship, workforce readiness, and hunger and housing.
Lands’ End posts loss in 4Q 2022
For the year, the company reported a loss of $12.5 million, or 38 cents per share.
Take Five: Bank failure doesn’t trip Madison tech firm
Meghan Gaffney, founder of Madison technology startup Veda, is one of the lucky ones. When Silicon Valley Bank failed over the weekend, Gaffney’s company was already well diversified in where it kept its accounts.
Evers announces $24M in federal funds to ease congestion, improve air quality
The funds will support 18 projects in Wisconsin that include smart traffic signals, electric buses, and multiuse trail extension.
Fed lent $300B in emergency funds to banks in the past week
Nearly half the money — $143 billion — went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank.
US jobless aid claims fell again last week as layoffs remain low
Applications for jobless claims in the U.S. for the week ending March 11 fell by 20,000 to 192,000 from 212,000 the previous week.
Average long-term US mortgage rates come back down to 6.6%
Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate slid back to 6.60% from 6.73% last week. The average rate a year ago was 4.16%.
