Economic Development

In its last forecast before the November elections, the nonpartisan Congressional Budget Office (CBO) predicted that the U.S. economy would experience a recession in 2013 if Congress decides to go off “the fiscal cliff” and allows scheduled tax increases and spending cuts to take effect in January.

BMO Financial Group announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.

Milwaukee M&A advisory firm Cleary Gull has completed the sale of Hi-Tech Manufacturing LLC to May River Capital LLC.

The Federal Reserve Bank of Chicago’s Midwest Economy Index declined in July to -0.10, down from +0.22 in June. This is the first time in nine months the index, which indicates Midwest growth, has dipped to below average.

A new industrial manufacturing technician apprenticeship program has been added at the Milwaukee Area Technical College campus in Oak Creek.

Salaried employees in the Milwaukee market have seen pay increases of 2.6 percent in 2012, a tad below the national average of 2.8 percent, according to Aon Hewitt's Salary Increase Survey.

Image Systems of Menomoneee Falls will merge with The Printery in New Berlin, and the combined company will remain in New Berlin.

Delta Airlines has reportedly reached an agreement to purchase the naming rights for the Frontier Airlines Center in downtown Milwaukee.

A Brookfield based software company that could be a major player if federal health care reform announced today that it has received a $20 million funding boost from investors.

Low consumer spending continues to hamper The Bon-Ton Stores Inc., the owner and operator of the Boston Store chain.