Business Report

Cresa Madison opens co-working space

Cresa Madison has opened a business co-working space at 613 Williamson St. in the Machinery Row Building. The location includes seven fully furnished independent workstations with available Wi-Fi and a shared conference room and kitchenette. Tenants include Nextt, a social…

June jobs report: U.S. economy adds 195,000 new jobs

In a jobs report that surpassed expectations, the U.S. economy added 195,000 new jobs in June, according to preliminary data from the U.S. Department of Labor, and the official unemployment rate remained at 7.6% because more people entered the labor…

BMO Harris to close local branch

BMO Harris announced it will close its Mount Horeb branch at 100 S. First St. on Sept. 13. Another Mount Horeb branch at 1300 Business Highway 18/151 will remain open. The bank will also close branches in Prairie du Chien,…

True North Consultants opens Madison office

Illinois-based True North Consultants, Inc., an environmental engineering and consulting firm, has established a new office in Madison at 525 Junction Road #1900. Jodie Peotter, a licensed professional geologist, will lead the local office. 

Obama administration delays employer mandate

The Obama administration Tuesday announced a one-year delay in the implementation of the Affordable Care Act’s employer mandate. The effective date of the mandate, which requires companies with more than 50 employees to “pay or play” when providing health insurance to employees,…

Virent to receive Department of Energy grant

Virent, Inc. of Madison will receive as much as $4 million from the U.S. Dept. of Energy for a three-year project designed to improve the efficiency of converting biomass into hydrocarbon fuels. 

Universal AET acquires Ojibway

Stoughton’s Universal Acoustic & Emission Technologies acquired Janesville-based Ojibway Enclosure Systems for an undisclosed price. Ojibway manufactures enclosures and packagers of generator sets for power generation systems. Universal AET specializes in air movement applications for diesel and gas turbine engine…

Kayo closes $345,000 funding round

A $345,000 funding round for Fitchburg-based Kayo Technology closed in May, on the heels of $1.3 million raised in December with DaneVest, Phenomenelle Angels, and Wisconsin Investment Partners. Kayo Technology is developing a system to measure and track patient progress…

Asthmapolis receives funding boost

Madison-based Asthmapolis is getting a boost from the California Healthcare Foundation, which raised its funding allocation total to over $1 million. The foundation had previously invested $200,000 in Asthmapolis, which has developed a device to help with chronic disease management.

BD Diagnostics to close Monona location

BD Diagnostics Systems will permanently close its Monona location by March 2014 as the company moves its operations to a facility in Maryland. Beginning at the end of August and continuing through March 2014, the company will lay off 104…

Dane County airport records busiest May ever

The Dane County Regional Airport saw a 12.1% surge in passenger traffic in May compared to May 2012. With 74,264 passengers flying out of Madison, the airport recorded its best May ever, far surpassing 2006, its second-best May on record,…

Madison College chooses new president

Madison College has named Jack E. Daniels III as its new president, effective Aug. 19. Daniels has served as president of Los Angeles Southwest College since July 2006. Prior to that, he was president of Lincoln Land Community College in…