Baker Tilly to move to new Madison office
Baker Tilly US LLP, an advisory, tax, and assurance firm, will move to a new Madison office located at The American Center on the city’s east side.
Banking & Finance
New event connects underrepresented startup founders with investors
gener8tor, a platform to connect startup founders, musicians, artists, investors, universities, and corporations announced a forthcoming event to exclusively connect Black and brown founders with investors.
More paycheck protection is here, but mind your PPPs and Qs
If your business wants to pursue another, or perhaps your first, Paycheck Protection Program loan to help make it through the next several months of the COVID-19 pandemic, make sure you’re not slow on the draw because there are some differences between the 2021 program and earlier rounds of PPP.
Report: State tax burden ranking falls
The struggling economy amid the COVID-19 global pandemic has led to Wisconsin’s tax burden continuing to fall compared to other states.
Proposed tax law changes to benefit low-income families and small businesses
Department of Revenue Secretary Peter Barca is working on bipartisan buy-in for Wisconsin tax law changes to state law more consistent with recent federal tax law changes and to help residents during the COVID-19 pandemic.
First Business transitions website, consolidates brands
First Business Bank is the new single brand for First Business Trust & Investments, First Business Capital Corp., First Business Growth Funding, First Business Equipment Finance, and First Business Bank Consulting.
Parisi proposes $4 million for additional small business grants
The program awards businesses up to $50,000 for expenses including payroll, rent, and other related costs.
WEDC allocates grants to key partners
Among other organizations, Madison Regional Economic Partnership (MadREP) will receive $100,000 in the form of block-style grant funding.
IFundWomen of Color aims to close funding gap
Woman-founded businesses received just 2.8% of venture capital dollars in 2019, according to data collected by the Seattle-based Pitchbook, and female founders of color received just 0.32%.
CFO of the Year: Nathaniel Leach, co-founder and portfolio manager, LBW Wealth Management
History majors may be unique among CFOs, but then how many CFOs start managing their own investments at the age of 15?
Local youth team wins national financial literacy contest
A team supported by the organization 100 Black Men of Madison has won the national 2020 Virtual Dollars and $ense Youth Investment Competition.
House approves larger relief checks, sending bill to Senate
The United States House of Representatives voted 275–134 early this week in favor of increasing COVID-19 relief checks to $2,000.
State ends fiscal year with positive GAAP fund balance
Wisconsin has closed the 2019–2020 fiscal year with a positive balance in the general fund for the first time in more than 30 years.
First Business Capital Corp. closes $4.9 million 'turnaround' deal
Madison-based First Business Capital Corp. announced a recently closed and funded asset-based lending deal for “turnaround capital” for a plastic injection molding business in Michigan.
First Business survey: Madison business optimism still high
Considering the whacking they took in 2020, Dane County businesses have a somewhat surprising level of optimism heading into 2021, according to the findings of an annual economic survey conducted by First Business Financial Services Inc.
Minneapolis firm to acquire SVA Financial Group
Minneapolis-based Wealth Enhancement Group will acquire SVA Financial Group, the wealth management and trust services entities of the SVA Companies.
WDFI closes investigation on mortgage company, orders redress
In coordination with state and federal government partners, the Wisconsin Department of Financial Institutions has finalized its investigation of Nationstar Mortgage LLC, d/b/a Mr. Cooper, one of the nation’s largest mortgage servicers.
Evers announces aid for restaurants, lodging, and live venues
In several announcements from the administration, Gov. Tony Evers has created aid packages to help lodging operators, restaurants, and live entertainment and large meeting venues.
Winnow Fund partners with Concordia University
A Madison woman-led seed-stage venture capital fund has partnered with Concordia University to provide startups experienced mentoring, networking opportunities, and potential investments to Concordia’s entrepreneur students.
FDIC: Economy softening
The 2020 Q3 FDIC numbers show overall lending has increased over last year by 10.5%, mainly driven by Paycheck Protection Program (PPP) loans.
