Business Report

IRONMAN contract extended through 2018

The Greater Madison Convention & Visitors Bureau announced the extension of the IRONMAN Wisconsin contract through 2018. This year’s event, which is expected to attract more than 45,000 spectators, is slated for Sept. 8.

New Madison brewpub in the works

Master beer judge Keith Symonds, together with Madison native Pepper Stebbins and some private investors, plans to spend about $500,000 to open the city’s newest brewpub on the city’s east side. The group wants to convert 4,700 sq. ft. at…

State home sales up 12% over last year

The Wisconsin Realtors Association reported that state home sales increased nearly 12% in February compared to a year earlier, and the median home price rose to $122,000 statewide, a 6% increase. The central part of Wisconsin experienced a 24% increase…

Dane County's Distressed Property Index falls again

Dane County’s Distressed Property Index experienced its second drop in 2013, to 20.9% in February, from 28.5% a year earlier, according to the South Central Wisconsin MLS. The index measures the prevalence of homes in or near foreclosure. Still, the…

CUNA's profits up 81%

For the fourth year in a row, CUNA Mutual Group posted higher profits over the previous year. CUNA reported its net income for 2012 at $150 million, up from $83 million in 2011, an 81% increase.

State milk production up year over year

The USDA reported that about 1.27 million head of Wisconsin dairy cattle produced about 2.15 billion pounds of milk in February, up 0.3% from February 2012 but down slightly from January’s 2.37 billion pounds. Wisconsin cows averaged 1,700 pounds of…

Group looks to make Langdon Street area a historic district

February’s City Council vote to allow the demolition of three historic though well-worn Langdon Street area properties to make room for The Waterfront, a six-story, 71-unit building, has sparked an online movement by individuals looking to deem the entire Langdon…

Eight Wisconsin air traffic control towers to close

In response to a slashed federal budget, the FAA announced it would close 149 air traffic control towers, including eight in Wisconsin, beginning April 7. Towers in Janesville, Waukesha, La Crosse, Eau Claire, Oshkosh, and at Milwaukee’s Timmerman Field are…

American TV eyes newer technology

American TV & Appliance is discontinuing sales of small electronics, such as computers, car audio systems, and cameras, to focus more on demonstrating new technologies such as 4KTV and sound bars. The transition should take about eight weeks.

Rhythm & Booms unveils new management team

Rhythm & Booms has announced that it will transition to a new management team for its annual Independence Day Celebration, which is now scheduled for Wednesday, July 3, at Warner Park. Terry Kelly, president of Madison Fireworks Fund, Inc. and…

WARF, SWIB form $30 million venture fund partnership

With an initial investment of $30 million, the Wisconsin Alumni Research Foundation and the State of Wisconsin Investment Board today announced the formation of a venture capital fund partnership that will focus on information technology start ups in Wisconsin and…

Wisconsin home sales up double digits for 20th consecutive month

For the 20th consecutive month, Wisconsin has experienced double-digit growth in the sales of existing homes, according to the Wisconsin Realtors Association. In February, sales jumped 11.7% compared with February of 2012, and median home prices grew to $122,000, which…