Economic Development
Manufacturing sector continues growth streak
Milwaukee area manufacturing has been growing for five consecutive months, according to a report today from the Institute for Supply Management-Milwaukee.
GDP rose 3.2% in fourth quarter
The U.S. economy picked up the pace in the fourth quarter as consumers opened their wallets and businesses increased investments, marking one of the best six-month periods of growth in a decade.
GE acquires API Healthcare
General Electric has announced it has agreed to acquire Hartford-based API Healthcare.
Richardson Industries sells lumber division
Sheboygan Falls-based Richardson Industries Inc. has sold Richardson Lumber Company to Drexel Building Supply.
Strattec reports strong quarter
Glendale-based Strattec Security Corp. reported fiscal second quarter net income of $3.8 million, or $1.09 per share, up from $2.4 million, or 70 cents per share, in the same period a year ago.
Chase Foundation grant aims to create jobs
The JPMorgan Chase Foundation has awarded a $7 million grant to four Community Development Financial Institutions to help them create jobs in low and moderate income communities, including Milwaukee.
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Nye named vice president at Generation Growth
Milwaukee private equity firm Generation Growth Capital Inc. has promoted Thomas P. Nye to vice president.
Oak Hill adds a partner
Brookfield-based Oak Hill Business Partners has added Mike Thompson as a partner.
Larson leaving Waterstone Financial
Waterstone Financial Inc., the holding company for Wauwatosa-based WaterStone Banks SSB, announced Richard C. Larson, its chief financial officer, will resign on Feb. 7.
Waterstone expects offering to bring $253 million
Waterstone Financial Inc., the holding company for Wauwatosa-based WaterStone Banks SSB, has announced the results of its stock offering.