Economic Development
Get the latest updates on economic development initiatives across southeastern Wisconsin.
MGIC losses widen
The poor housing market and large number of foreclosures continues to plague Milwaukee-based MGIC Investment Corp., which reported that its second quarter loss increased by 80.5 percent to $273.89 million.
BMO merges Harris and M&I financial advisor networks
BMO Financial Group announced the creation of BMO Harris Financial Advisors, a dedicated network of professionals committed to serving the financial planning and wealth management needs of BMO Harris Bank clients.
Assisted Living absorbs second quarter losses
Menomonee Falls-based Assisted Living Concepts Inc. reported Thursday that it had a net loss of $25.1 million in the second quarter, compared to positive net income of $6.28 million in the second quarter of 2011.
Glenn Rieder acquires San Diego company
Milwaukee-based Glenn Rieder Inc. announced that it has acquired San Diego-based Quality Cabinet and Fixture Company and its majority owned subsidiary, Quality Cabinets de Mexico S. de R.L. de C.V.
Roadrunner acquires Omaha trucking companies
Cudahy logistics provider Roadrunner Transportation Systems Inc. has acquired R&M Transportation and Sortino Transportation for $24.4 million.
Bank Mutual announces cash dividend
Milwaukee-based Bank Mutual Corp. has declared a quarterly cash dividend of $0.01 per share to be paid out on August 31 to shareholders of record as of August 17.
- Advertisement -
Wisconsin Bank & Trust to merge with First National
Heartland Financial USA has announced Wisconsin Bank & Trust will acquire First Shares Inc., the parent company of First National Bank in Platteville, for $11 million.
Chicago can’t be Milwaukee’s savior
Some big thinkers, looking for big answers for the troubles afflicting the Milwaukee economy, keep looking south to Chicago.
Milwaukee area manufacturing sector slips into decline
After three years of consistent growth, the Milwaukee region's manufacturing sector shifted into reverse in July, according to the Milwaukee ISM report by Marquette University.
Growing Power to open market in King Commons
Growing Power has announced the grand opening of Growing Power’s Deli & Food Market in the King Commons development at 2737 N. Martin Luther King Jr. Dr. in Milwaukee.
