Economic Development

“The causes of our growing income disparity are many and their relative weight uncertain. But the consequences are clear....

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Madison-based Cellular Dynamics International Inc., a developer and manufacturer of fully functioning human cells in industrial quantities to precise specifications, announced that it has commenced an initial public offering.

A new organization aims to fund startups in Wisconsin by channeling donations from wealthy individuals, corporations and foundations.

Assisted Living Concepts Inc., a Menomonee Falls-based operator of assisted living residences, announced the completion of its acquisition by TPG, a global private investment firm, and the appointment of Jack Callison Jr. as the company's new chief executive officer.

Peter Engel, executive vice president of consumer banking for Johnson Bank, announced the Racine-based bank's mortgage team recently surpassed the $4 billion mark in loans serviced.

The Cease and Desist order issued by the Office of Thrift Supervision to Waterstone Financial Inc. has been terminated.

Milwaukee-based UMB Fund Services Inc. now has more than $5 billion in net assets in its Investment Managers Series Trust, a huge jump from what the fund held just a few months ago.

Orion Energy Systems Inc., a Manitowoc-based power technology enterprise, announced it has completed the acquisition of all of the issued and outstanding equity interest in Harris Manufacturing Inc. and Harris LED LLC. Harris Manufacturing and Harris LED, located in Green Cove Springs, Fla., engineer, design, source and manufacture energy-efficient lighting systems, including fluorescent and LED lighting solutions and day-lighting products.

Concordia University Wisconsin, based in Mequon, has acquired Concordia University Ann Arbor after financial struggles at the Michigan-based university threatened the future of its academic offerings.