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MADISON - Negotiators produce basic terms of deal for Exact Sciences HQ project
Negotiators for the city and JDS Development have produced basic terms of a complex deal to move ahead with the massive Judge Doyle Square project south of Capitol Square in downtown Madison.

The redevelopment project for the site will include a 250,000-square-foot corporate headquarters for Exact Sciences Corp., and a 210- to 250-room hotel.

Financial terms include a private investment by JDS of at least $130 million, city funding to replace Government East parking of $19.2 million and city capital funding for the bike center of $1 million. The deal also includes city investment of $42.5 million in other elements of the project. That includes a $12 million grant to Exact Sciences to create and retain 400 jobs at the site for at least 12 years, a $20.8 million loan for private parking and a $9.7 million loan for the fair market value of the land acquired for the private development.

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BERLIN – Grede to close Berlin foundry
Grede Holdings LLC announced Friday, June 26, it will close its Foundry in Berlin, according to a media release on the company's website.

The company expects to cut 157 jobs from September through December, according to a Wisconsin Department of Workforce Development notice June 26.

The company has closed three other U.S. foundries in the last two years and is consolidating two of its foundries in Mexico.

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MADISON - Wisconsin Institute for Discovery head departs for terrain more fertile for innovation
One of UW-Madison's change agents, David Krakauer, is departing on June 30, proud of his work as head of the edgy and multi-disciplinary Wisconsin Institute for Discovery, but deeply frustrated by his dealings with the campus bureaucracy.

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BELLEVUE - Meijer should boost Bellevue development
The decision by Meijer Inc. to build near Costco should spur development on what could become Brown County's second most prominent retail district.

Meijer's senior director of communications Frank Guglielmi told the Press-Gazette last week that the Michigan-based company agreed to buy 15.75 acres of land directly south of Costco just east of County GV. The company previously announced it would build a store on Shawano Avenue at I-41 in Howard. One or both could open in 2017.

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ASHLAND - Tractor Supply Company coming to Ashland
Tractor Supply Company, the largest rural lifestyle retail store chain in the United States, today announced that construction is underway on a new location in Ashland.

The Ashland Tractor Supply store will employ an estimated 15 full- and part-time team members. The store will be approximately 35,778 square feet.

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SUN PRAIRIE - Cabela's CEO sees more stores in Wisconsin's future
When Tommy Millner was named CEO of Cabela’s in 2009, the Nebraska-based outdoors retailer had 30 stores. But since that time, the company has been on an aggressive building pace. It has opened nearly 40 stores and has announced plans for 17 more.

The newest addition to the Wisconsin market is a 90,000-square-foot store that opened April 30 at the Shoppes at Prairie Lakes at highways C and 151 in Sun Prairie. Cabela’s other Wisconsin stores are near Lambeau Field in Green Bay; Richfield, which is northwest of Milwaukee, and in Prairie du Chien, where the company also has a 1-million-square-foot distribution center.

Wisconsin could support one or two additional Cabela’s stores over the next five years, Millner said. One possible location is the area south of Milwaukee, he said.

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GREEN BAY - Wisconsin's craft beer industry grows
The craft beer industry is exploding across the country and here in Wisconsin, a state steeped in a rich brewing tradition. There are 114 breweries operating or in planning here, up from 90 in 2013.

The Brewers Association, an industry trade group, reports overall beer sales in the United States were up 0.5 percent in 2014, but the craft beer segment was up 17.6 percent. Craft breweries produced 16 million more barrels in 2014 than in 2004 — a 280 percent increase. The U.S. Census Bureau reported the number of breweries more than doubled from 2007-12.

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MADISON - Dubuque credit union to open Madison office
Alliant Credit Union, based in Dubuque, plans to expand to Madison this fall.

The credit union will open an office at Alliant Energy’s corporate headquarters, 4902 N. Biltmore Lane.

Alliant Credit Union — formerly Interstate Employees Credit Union — was established in Iowa in 1933 by utility company workers. It is not part of Alliant Energy, but it serves employees and families of the Madison utility company as well as those of several other companies.

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MADISON - Invenra to collaborate with British biopharma Oxford BioTherapeutics
Invenra, a Madison early-stage biopharmaceutical company, will be working with Oxford BioTherapeutics, a British firm developing drugs to treat cancer.

The two companies have signed an agreement to collaborate on a series of potential drug compounds based on monoclonal antibodies -- or antibodies made by identical immune cells -- that can attach to a cancer cell, making it more visible to the body's immune system so it can fight the cancer more effectively.

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GREEN BAY - Shopko's new brand: 'The Stuff that Counts'
Shopko plans to bring "The Stuff that Counts" to more than 100 new locations over the next 18 months.

The Ashwaubenon-based retailer unveiled its new brand to hundreds of employees Thursday at the Tundra Lodge Resort and Conference Center, three months before consumers will first see the new slogan, color scheme and signage in advertisements, mailers and stores.

Shopko's executive team, led by CEO Peter McMahon, told employees the new brand aims to build an emotional connection with core shoppers that goes beyond what's on the shelves. The new image is being launched at the same time the company is planning an aggressive campaign to move into smaller markets over the next three years.

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FOND DU LAC -Agnesian HealthCare opens new facility on Camelot Drive
Three Agnesian HealthCare services have made the move to a new facility on Camelot Drive in Fond du Lac.

The Agnesian Health Plaza will host a grand opening of its Building B from 10 a.m. to 12:30 p.m. on Sunday, June 28. Building B will serve as the new home of the Agnesian Health Shoppe, the dialysis services and the chiropractic care center. The health plaza's Building A, with services like audiology, a surgery center and a sports and spine center, is nearby at 421 Camelot Drive.

The Health Shoppe, originally on Winnebago Drive, and the dialysis services, originally on Frontage Road, were running out of space. Steve Little, CEO of Agnesian HealthCare, said the services needed a new facility to expand, and Agnesian owned the land on Camelot Drive. The project cost around $10.2 million.

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JANESVILLE - Aglio Ristorante in Janesville closing its doors this weekend
Aglio Ristorante will close its doors this weekend to make way for a new restaurant owned by the woman who once ran the Speakeasy in the same spot.

Aglio owners John Sheck and Amy Johnson announced the closing Wednesday in a Facebook post that alluded to a new restaurant.

In an interview with The Gazette, Sheck said he, Johnson and former Speakeasy owner Anita Karl finalized the decision Wednesday to close the Italian restaurant Saturday and venture into American fare.

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RIB MOUNTAIN - Red Robin, Dick's Sporting Goods eye Rib Mountain
A new national sporting goods retailer and casual dining chain may be moving in on Rib Mountain Drive.

Rib Mountain's Plan Commission recommended Wednesday that the town board approve a development plan and rezoning of property for a project that would bring both a Dick's Sporting Goods and Red Robin to the 4600 block of Rib Mountain Drive, according to town records.

The proposed 4,500-square-foot chain restaurant and the 45,000-square-foot sporting goods store would be located at 4600, 4610 and 4650 Rib Mountain Drive, at the site of the present Rib Mountain Travel Center and the building formerly occupied AT&T. Both of these buildings would be torn down for the new restaurant and retailer, according to town records.

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MADISON - As Democrats seek resignation of WEDC head, Walker insists jobs agency 'didn't cut corners'
Gov. Scott Walker defended his embattled job-creation agency Wednesday by insisting it “didn’t cut corners” when staff failed to formally review 27 awards totaling $124.4 million.

Meanwhile, Democratic lawmakers called for the agency’s CEO, Reed Hall, to resign, citing evidence that top Wisconsin Economic Development Corp. officials continued to press for more public assistance to a struggling Milwaukee construction company even after learning that the company’s owner was planning to use taxpayer resources to pay off what turned out to be a $220,000 car-leasing debt.

The initial $500,000 unsecured loan to Building Committee Inc. was one of 27 that didn’t receive a formal staff review. A State Journal investigation last month found the company misrepresented itself on its 2011 application for the taxpayer funds, which the agency’s formal review process at the time should have caught.

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MADISON - Wisconsin falls to 33rd in 12-month job growth
Wisconsin lost 6,100 private-sector jobs in May according to preliminary estimates, pushing the state into the bottom half of the country in job growth rankings.

A gain of 38,200 private-sector jobs in the 12-month period ending in May gave Wisconsin 1.57 percent growth, 33rd among the 50 states.

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