Economic Development
Get the latest updates on economic development initiatives across southeastern Wisconsin.
Actuant acquires Australian company
Menomonee Falls-based Actuant Corp. announced it has acquired Jeyco Pty Ltd , an Australian designer and provider of specialized mooring, rigging and towing systems and services to the offshore oil and gas industry.
Walker to use bank settlement to help fill budget hole
Wisconsin Gov. Scott Walker plans to use $25.6 million of the $140 million the state is receiving from a settlement with large banks to help offset a projected state budget deficit.
Promontory Point helps Sturtevant company secure financing
Milwaukee investment banking firm has assisted Sturtevant manufacturer American Metal Technologies LLC in securing financing from Racine County and People’s United Bank.
PNC donates $75,000 to Boys & Girls Clubs
The Boys & Girls Clubs of Greater Milwaukee have received a $75,000 grant from the PNC Foundation to offer early financial education to their youngest members.
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WHEDA financing will assist Eva’s Bridal Center
Eva’s Bridal Center in Oak Creek recently received a Wisconsin Housing and Economic Development Authority (WHEDA) Small Business Guarantee (SBG) on a loan totaling $100,000.
Schiltz Park financing closed with U.S. Bank
U.S. Bank and The Brewery Works, Inc., the developers of downtown Milwaukee’s Schlitz Park office complex, announced that they have closed on financing for the renovation of the project’s signature RiverCenter Building and three other office buildings on the Schlitz Park campus.
Fed approves Johnson Bank cash infusion
Thomas Bolger, chief executive officer of Johnson Financial Group and Racine-based Johnson Bank, and Helen Johnson-Leipold, chairman of the board, announced that the previously announced Johnson family investment of $235 million in the company has been approved by the Federal Reserve Bank.
