Economic Development
Actuant caps robust fiscal year
Menomonee Falls-based Actuant Corp. reported fiscal fourth quarter net earnings of $41.4 million, or 55 cents per share, up from a loss of $16.8 million, or 22 cents per share, in the same period a year ago.
Federal funds to provide catalyst for private sector jobs in Milwaukee
Milwaukee’s Northwest Side Community Development Corp. (NWSCDC) has been awarded $740,402 and the Martin Luther King Economic Development Corp. (MLKEDC) has been awarded $545,800 in federal urban development grants through the U.S. Department of Health and Human Services (HHS) Office of Community Services.
Community banks receive fed funds for small business lending
The U.S. Department of the Treasury announced that five additional Wisconsin community banks received a total of $31.9 million as part of the final wave of funding provided through the Small Business Lending Fund (SBLF).
Large banks to charge monthly fees for debit cards
Bank of America Corp. is planning to charge millions of customers a $5 monthly fee to use their debit cards, and other large banks are expected to follow suit.
New Jersey firm completes acquisition of Diversey Holdings
Sealed Air Corp. of Elmwood Park, N.J., announced it has completed its previously announced acquisition of Sturtevant-based Diversey Holdings Inc., a leading solutions provider to the global cleaning and sanitation market.
Marquette College of Engineering receives $5 million gift
An alumni couple has donated $5 million to the Marquette University College of Engineering to establish an endowed chair in electrical engineering, Opus Dean of Engineering Robert Bishop announced.
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Wells Fargo to lay off 31
Wells Fargo & Company informed the Wisconsin Department of Workforce Development last week it will permanently eliminate 31 employees at its 100 E. Wisconsin Ave. location in Milwaukee.
Defense investment group to benefit Wisconsin Technology Council
The Wisconsin Technology Council has announced a partnership with Monument Capital Group LLC of Washington, D.C.
Storms fuel more sales for Generac
Generac Holdings Inc. reported that widespread power outages caused by severe weather throughout the Midwest and the East Coast are creating increased sales for its backup power generators.
Local employers forecast strong 4th quarter
Although the stock market has rocked investors’ confidence in the past week, employers in Wisconsin and Illinois are remarkably confident about their own prospects for the fourth quarter, according to the latest QPS Employment Forecasting Survey.
