Economic Development

State government’s surplus continues to grow

The state is now projected to have nearly $1.7 billion in extra revenue to assemble the next two-year budget.

Baird Private Equity is rebranding to Baird Capital

Baird Private Equity, the direct private investment arm of Milwaukee-based Robert W. Baird & Co. Inc., has unveiled an updated strategic brand that includes the new name of Baird Capital.

Auction will sell Waukesha Bankshares’ TARP debts

The preferred stock and subordinated debt positions of Waukesha-based bank holding company Waukesha Bankshares Inc. are being auctioned today as part of the federal Troubled Asset Relief Program’s Capital Purchase Program.

GMR Marketing to merge with SportsMark

Milwaukee-based marketing agency GMR Marketing plans to merge with San Francisco-based SportsMark Management Group.

Schenck acquires Bonfield practice, names leader

Milwaukee-based accounting, tax and business consulting firm Schenck S.C. has acquired most of the practice of Milwaukee CPA firm Bonfield & Company S.C.

Cole Taylor adds to Wisconsin team

Chicago-based Cole Taylor Bank has hired two new employees at its Franklin commercial banking office as part of a southeast Wisconsin expansion.
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Riverwest group launches microlending program

The Riverwest Investment Cooperative has started a microlending program in cooperation with the Wisconsin Women's Business Initiative Corporation.

Illinois firm acquires Vector Technologies

Milwaukee-based Vector Technologies Inc. has been acquired by Holden Industries Inc. of Deerfield, Ill.

Generation Growth acquires Mica Tool & Manufacturing

Generation Growth Capital Fund I, LP, a Milwaukee-based private equity fund, has acquired Mica Tool & Manufacturing Inc. of Mukwonago.

Fiserv acquires Open Solutions

Brookfield-based Fiserv Inc. has acquired Open Solutions Inc., a provider of collaborative, enterprise core account processing technology for financial institutions.

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