MadREP and CARPC secure investment for region
The Madison Region Economic Partnership (MadREP) and the Capital Area Regional Planning Commission (CARPC) announced a $200,000 initiative to support economic recovery in the region.
Banking & Finance
Old National and First Midwest to merge
Old National Bancorp and First Midwest Bancorp Inc. have announced that they have entered into a definitive merger.
Dane County Small Business Awards winners announced
For 39 years, the Dane County Small Business Awards have put the spotlight on small businesses and the contributions they make to the local economy.
FDIC quarterly numbers show economic rebound
In a statement from the Wisconsin Bankers Association, President and CEO Rose Oswald Poels said the recent FDIC Quarterly Banking Profile shows banks’ financial strength and an improving economy.
State revenue department publishes guidance for LLCs
The Wisconsin Department of Revenue has published a guide for limited liability companies (LLCs) to help promote the understanding of these entities for tax purposes.
Madison-based foundation expands giving through state endowment fund
Wispact, a manager of Special Needs Trusts based in Madison, has established a new Wispact Foundation Endowment Fund to expand services through the Greater Milwaukee Foundation.
Application deadline for $420 million in small business grants announced
Gov. Tony Evers announced that applications for up to $420 million in new Wisconsin Tomorrow Small Business Recovery Grants for small businesses affected by the COVID-19 pandemic are now open and will be close at 4:30 p.m. on Monday, June 7.
Ideadvance Seed Fund opens round of funding
The Wisconsin Center for Technology Commercialization has opened its 12th round of Ideadvance Seed Funding for Wisconsin-based businesses and has expanded eligibility and tracks for established small businesses with innovative approaches.
East and West Towne awarded property assessment refund
The city of Madison has reached a tentative agreement with the owners of East Towne and West Towne malls that will give the owners a $318,000 tax refund.
Summit could bring investors to local biotech
Madison-based Cellectar Biosciences Inc. will participate in the Oppenheimer Rare & Orphan Disease Summit on May 21.
Compeer Financial announces closing of capital transaction
Sun Prairie-headquartered Compeer Financial, a member-owned farm credit cooperative, announced the closing of its private offerings on a total of $200 million in subordinated debt to augment its capital position.
Madison venture firm closes on $6 million in Series A funding
Madison-based 4490 Ventures announced the close of $6 million in Series A funding for Washington D.C.-headquartered Cortex to expand its service for sustainable commercial real estate.
Program launched to encourage saving through the workplace
A coalition of Wisconsin organizations has launched Wisconsin Saves to encourage Wisconsin residents to establish emergency savings accounts with automated savings through work.
Consumer Price Index reports largest 12-month jump since 2008
The Consumer Price Index for All Urban Consumers was released from by the U.S. Bureau of Labor Statistics this week and shows an increase of 0.8% in April on a seasonally adjusted basis after rising 0.6% in March.
County announces $15 million in small business aid
The Dane County Board of Supervisors is poised to approve a $15 million program to help small businesses through the economic hardships of the COVID-19 pandemic.
Madison startup raises more than $7 million
Madison-based OnLume Inc., a medical device company that has developed a fluorescence-guided surgery imaging system, has raised more than $7 million in private investment dollars.
Equity fund names recipients
UW Credit Union has announced the recipients of emergency funds from its Fund for Racial Equity.
Fund of funds gains support
A bipartisan group of supporters headed by eight former secretaries of the Wisconsin Economic Development Corp. (WEDC) is supporting the creation of a state-backed fund to invest in early-stage companies.
IRS outlines vaccine tax credits for employers
The Internal Revenue Service and the U.S .Treasury Department have published a fact sheet on tax credits available under American Rescue Plan Act to employers that provide paid leave to employees who get COVID-19 vaccinations.
Wisconsin DFI issues investing advisory
The Wisconsin Department of Financial Institutions (DFI) has issued an investor awareness advisory regarding environmental, social, and governance (ESG) investments.
