US inflation, consumer spending continue to decline in December
A report this morning from the U.S. Commerce Department showed that prices rose only 5% in December 2022 from a year earlier, down from the 5.5% year-over-year increase in November.
Banking & Finance
New south Madison TIF district proposed
The proposed TID is generally bounded by Fish Hatchery Road, Wingra Creek, John Nolen Drive, and the Beltline Highway.
Compeer Financial awards $204.6K in general use grants
The grants will directly impact the lives of 1.2 million people across Wisconsin, Minnesota, and Illinois.
Buy Local, Buy Wisconsin grant applications available soon
BLBW is a competitive grant program designed to strengthen Wisconsin’s agriculture and food industries by helping farms and businesses more efficiently process, market, and distribute locally grown food products.
Wisconsin’s estimated budget surplus tops $7 billion
The nonpartisan Legislative Fiscal Bureau reported it is the largest budget surplus in Wisconsin history.
Donation brings McKenzie Regional Workforce Center closer to its $35M goal
With Ascendium’s donation, the McKenzie Regional Workforce Center is $4.9 million away from its $35 million goal.
Bank deposits slowing due to inflation
Federal data for the third quarter of 2022 shows total deposits at Wisconsin banks grew just 1.45% from the prior quarter, and 3.83% year over year.
One Community Bank donates $5K for tree planting initiative
Trees will be planted at parks, cemeteries, and in the medians of public roads in the village of Oregon.
Beloit pitch event awards grants to 3 entrepreneurs
The second annual Rock County Jumpstart Accelerator Pitch event was held last week and featured five entrepreneur pitch presentations.
Emergency Rental Assistance Program set to close Jan. 31
Benefits will be paid to the extent that funding remains available, with priority given to households facing imminent eviction.
Park Bank to open location in Cross Plains
Park Bank and building partners are eyeing a spring start to the beginning of construction on the existing property.
US Treasury buys time for debt limit deal
The Treasury Department on Thursday made a series of accounting maneuvers that would put a hold on contributions and investment redemptions for government workers’ retirement and health care funds.
$2M in worker training grants now available to Wisconsin employers
Funding is available to employers who demonstrate a critical need for skilled workers and are seeking training grants to develop and implement a business-led skills training program.
Wisconsin GOP leader proposes flat income tax
The plan would phase in a flat income tax rate of 3.25% by 2026; state income taxes currently range from 3.54% to 7.65% based on income.
Dane County offers native plant and storm drain mural grants to local groups
Both grants aim to engage local groups in projects that protect area waters.
Exact Sciences preliminary Q4 revenues rise 16%
For the full-year of 2022, Exact Sciences expects revenue between $2.082–$2.084 billion, an increase of 18% year-over-year, or 25% excluding COVID-19 testing.
Compeer Financial offering scholarships to high school seniors
Each scholarship recipient will receive $1,500 for educational tuition expenses.
Feds propose ‘student loan safety net’ alongside forgiveness
The proposed plan would have lower monthly payments, an easier path to forgiveness, and a promise that unpaid interest will not be added to a borrower’s loan balance.
gener8tor earns B Corp. certification
B Corp. certification requires an in-depth review of a business’ social and environmental performance, accountability, and transparency.
Wall Street rally continues, energy prices rise
On Friday, the four major U.S. indexes rose more than 2% after the government’s jobs report showed that wages nationwide rose 4.6% in December.
