Economic Development
Wisconsin families ahead of the pack on financial education
A recent survey by BMO Harris Bank found that while 89 percent of U.S. parents consider themselves a very important resource to their children on basic money management, only 36 percent discuss it with them on a regular, weekly basis.
Associated rolls out Android app
Green Bay-based Associated Banc-Corp has introduced its newest mobile application, for use on Android-powered smart phones.
PSC attorney says city could incur utility costs for streetcar
The estimated $55.5 million in costs to reroute utility lines to accommodate a downtown Milwaukee streetcar line would likely need to be covered by the city, rather than the utilities, according to a new letter by Wisconsin Public Service Commission general counsel Cynthia Smith.
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).
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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.
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.
