Economic Development
Get the latest updates on economic development initiatives across southeastern Wisconsin.
Modine completes Geofinity acquisition
Racine-based Modine Manufacturing Co. announced that it has completed the acquisition of Surrey, B.C.-based Geofinity Manufacturing. The terms of the deal were not disclosed.
GDP up only 1.5% in second quarter
The U.S. economy grew at a modest pace during the second quarter as gross domestic product increased by only 1.5 percent, the U.S. Commerce Department reported.
Johnson Bank adds new leaders
Racine-based Johnson Bank has further extended its reach in the North Shore by hiring three new leaders at its Whitefish Bay branch.
Schroeder partners with Baird
David Schroeder has been named operating partner at Baird Capital Partners in Milwaukee.
Brandon to lead national angel campaign
Zach Brandon, director of the Wisconsin Angel Network, has been named vice chair of the national Angel Capital Association's public policy committee.
He will volunteer to coordinate a national public policy campaign that drives additional early stage investing across the country.
He will volunteer to coordinate a national public policy campaign that drives additional early stage investing across the country.
Milwaukee County gets $3.2 million in federal funds for buses
Milwaukee County will receive $3.24 million from the federal government for buses and bus infrastructure, Sen. Herb Kohl, D-Wisconsin, announced.
The state of Wisconsin is getting a total of $11.78 million in federal funds for buses, including the money for Milwaukee County, Kohl said.
The state of Wisconsin is getting a total of $11.78 million in federal funds for buses, including the money for Milwaukee County, Kohl said.
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Canadian company to acquire Menomonee Falls firm
Artaflex Inc. of Ontario, Canada, has entered into a definitive agreement to acquire Menomonee Falls-based MTI International Inc.
Foreign investments to boost Buell motorcycle production
Erik Buell Racing LLC of East Troy will receive $20 million in new investments that will help the company expand production of EBR brand sport motorcycles and create about 200 new jobs.
Federal Reserve reports slowdown of growth in Midwest
The Federal Reserve Bank of Chicago reports in its latest “Beige Book” that the economic conditions in the Seventh District, which includes Wisconsin and most of the upper Midwest, continue to improve, although the pace of growth has slowed.
ManpowerGroup completes acquisition of Indian firm
ManpowerGroup, a Milwaukee-based leader in innovative workforce solutions, announced it has successfully completed its acquisition of the remaining 26 percent stake in Kolkata, India-based Web Development Company Limited (WDC), a leading IT services and professional resourcing company offering consulting, development and application support services to several large clients in India and across the Asia Pacific region.