Economic Development

Wisconsin firms raised more than $152 million in early stage funding in 2011, reflecting a record year for angel investments, but a decline in venture capital financing from 2010 totals, according to a report by the Wisconsin Angel Network (WAN).

Robert W. Baird & Co. Inc. initiated coverage of the common stock of Roundy's Inc. with a rating of “Outperform” and set a $12 price target for the stock.

Oconomowoc-based First Bank Financial Centre (FBFC) has entered into a definitive agreement to acquire the retail banking branches of Equitable Bank SSB located in Mequon and Brookfield and the deposits associated with those branches, totaling approximately $53.7 million.

The state's FDIC-insured banks outperformed national averages in the fourth quarter of 2011, according to recent data from the FDIC.

In a Milwaukee Biz Blog last week, we told you that the U.S. economic recovery is picking up steam.

Die by the monthly job numbers, live by the monthly job numbers. Last week new monthly job numbers were out for January and the results looked better than they have for months for Wisconsin workers. According to the latest numbers, Wisconsin employed in the private sector an estimated 15,700 people more than it had the previous month. Unemployment has dropped to 6.9 percent, the lowest since December 2008.

Financial resources

Mergers & Acquisitions

The Northwestern Mutual Foundation announced nearly $700,000 in grants to 14 Milwaukee-area nonprofits that provide job training, business development and access to crucial community resources.

Robert W. Baird & Co. Inc. announced it has hired Mark Stevanovic as senior vice president to open a new wealth management office in Portland, Maine.