Arthur Thomas

Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

Which southeast Wisconsin county’s economy was hardest hit in 2020?

The real gross domestic product of metro Milwaukee declined 5% from 2019 to 2020, the 78th largest decline out of 384 metro areas in the country, according to data released Wednesday by the U.S. Bureau of Economic Analysis.

What business lessons did you learn in 2021? BizTimes wants to hear them

The end of the year is often a time for reflection. We take the time to look back on the year that was and draw lessons from our experiences. The past year may not match the unprecedented events of 2020, but it has been full challenges and opportunities for the Milwaukee business community.

Harley-Davidson CEO taking $600,000 salary cut in new pay deal

Harley-Davidson chairman chief executive officer Jochen Zeitz has entered into a new compensation agreement with the company that will reduce his base salary by $600,000 but also incentivizing him to stay in the job through the end of 2024 with stock options.

Capital Midwest Fund closes on $41 million fund

Mequon-based venture capital firm Capital Midwest Fund has closed on $41 million worth of capital commitments for its fourth fund, Capital Midwest Fund IV L.P.

Generac closes on ecobee acquisition

Town of Genesee-based Generac Holdings Inc. has closed on its acquisition of Canadian smart thermostat maker ecobee in a deal potentially worth up to $770 million.

Two execs leaving Enerpac Tool Group amid organizational changes

Menomonee Falls-based Enerpac Tool Group is making changes to flatten and simplify its organizational structure, leading to the departure of two executive vice presidents.
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October passenger traffic at Mitchell was 79.5% of 2019 level

The total number of passengers traveling through Milwaukee Mitchell International Airport in October reached 79.5% of its October 2019, according to data released by the airport.

Region’s manufacturing sector growth continues amid supply chain, inflation challenges

Southeastern Wisconsin’s manufacturing sector continued to grow in November, albeit at a slightly slower pace from October as supply chain and inflation issues continued to weigh on the sector.

SpotHopper raises $14 million in Series A funding

Milwaukee-based SpotHopper, a provider of restaurant marketing and operations technology, has completed a $14 million Series A funding round, the company announced Tuesday.

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