Economic Development

The Mid-West Energy Research Consortium has received a $350,000 grant from the Wisconsin Economic Development Corp. to create an immersive technology innovation program.

Mircea Dobre, vice president of equity research at Milwaukee-based Robert W. Baird & Co. Inc., says the worst may be over for the mining sector.

Milwaukee-based Koss Corp. reported fiscal third quarter net income of $57,218, or 1 cent per share, compared with a net loss of $25,121, or 0 cents per share, in the third quarter of 2014.

Brookfield-based Connecture Inc. reported a first quarter net loss of $5.1 million, or 24 cents lost per share, compared with a net loss of $6.6 million, or $41.34 lost per share, in the first quarter of 2014.

Milwaukee-based Wisconsin Energy Corp. reported first quarter net income of $195.8 million, or 86 cents per share, down from $207.6 million, or 91 cents per share, in the first quarter of 2014.

Wisconsin's state-chartered credit unions increased profits by 21.6 percent and ending by 10.7 percent in the first quarter of 2015, according to new data released by the Wisconsin Department of Financial Institutions.

Brookfield-based Fiserv Inc. has reported first quarter net income of $178 million, or 73 cents per share, up from $168 million, or 65 cents per share, in the first quarter of 2014.

Milwaukee-based colors, flavors and fragrances manufacturer Sensient Technologies Corp. has reached an agreement to acquire the assets of U.K. specialty ink manufacturer Xennia Technology Ltd. The transaction is expected to close in the third quarter of 2015.

Oconomowoc-based First Bank Financial Centre has launched a loan pool program to encourage economic development in downtown Milwaukee.

When the Wisconsin Economic Development Corporation was established in July 2011, its primary mission was clear: Respond quickly to the needs of the business community by working hand-in-hand with companies, economic development organizations and other partners to help grow Wisconsin's economy and create jobs.