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Wisconsin to step up protection of food supply
Wisconsin is one of four states to receive federal grants designed at protecting our food supply from agro-terrorism. The funding is expected to be used to fund a new GIS program spearheaded by the Wisconsin Department of Agriculture's Food Safety Division that would be able to track the origins of contaminated food. For more information, go here.
This round goes to Milwaukee
After an outcry from Milwaukee-area legislators and representatives anxious about Milwaukee’s efforts to establish itself as a hub of freshwater research and technology, Governor Jim Doyle withdrew support for the UW System’s recent hiring of a Madison-based consultant to promote water technology opportunities throughout the entire state, including Madison. Milwaukee-based critics of the hire noted that UW-Madison receives a significantly larger portion of research dollars from the state than UW-Milwaukee does. For more information, go here.
The tax man cometh
While all those important tax deadlines are still a little bit in the distance, Corporate Report Wisconsin has a new article on its web site to help many business owners navigate year-end tax planning, courtesy of David Stafseth, CPA at Vogel Consulting. For more information, go here.
Ruling in Link Snacks case reinstates award
A multi-generational dispute has been settled – to the tune of $5 million – in the Link Snacks civil case. The Third District Court of Appeals in Wausau has ruled in favor of former chief operating officer Jay Link. The company is based in Minong and is one of the largest international meat snack companies operating today. For more information, go here.
River Valley Bank a top SBA lender in Wisconsin
Wausau-based River Valley Bank is not only sixth in Wisconsin SBA lending, but 119th nationally, according to a recent report. The bank has loaned $13.3 million in SBA-guaranteed loans to 35 businesses, most of which are located in north central Wisconsin and Michigan’s Upper Peninsula. The bank is also the only central Wisconsin bank to lend more than $3.8 million since January. For more information, go here.
Park East project shows signs of life
After almost two years of vacancy, a two-acre parcel in the Park East corridor has moved out of its holding pattern and into development plants. The parcel, which was the first to be sold from the former Park East freeway site, is expected to eventually contain 121 apartments. The site’s original plans called for two hotels. For more information, go here.
Racine business leaders note ups and downs in their assessment of business in their region
It was a mixed bag of opinions at the recent Racine County Business Summit, where local business leaders shared their opinions about the current state of business. On the plus side: Business leaders gave kudos for local municipalities trying to avoid the duplication, and thus costs, of local services. On the down side: The need to better market the area, this despite the fact that a recent marketing effort failed to produce measureable results. For more information, go here.
Anticipated cuts to trim Alcan's executive ranks
Approximately 50 executive-level positions are being cut at Alcan Packing Food’s technical center in Neenah. The cuts are due to the company’s recent acquisition by Bemis Co. and were anticipated as part of the process. For more information, go here.
Fox Valley finds that middle-skill jobs are a bright spot in the economy
Workers looking for opportunity might want to take a step back and check out middle-skill job opportunities. Jobs requiring more than a high school diploma but less than a four-year degree are expected to make up nearly half of Wisconsin’s job openings in the next decade. For more information, go here.
Overture Center reserves running out
Fresh ideas are needed to help Madison’s Overture Center in covering its debt payments, which have taken its toll on the operating entity for the fine arts center. The Madison Cultural Arts District, the organization that runs the Overture Center, makes nearly $300,000 in monthly payments on its remaining $27 million of debt. For more information, go here.
Swine flu continues to preoccupy businesses, organizations
Offer a simple handshake, and you might get more in return than you bargained for. It’s a lesson that employers and employees have learned the hard way this flu season with H1N1 lurking about. A number of Madison-area companies and organizations have taken steps to reduce the ultimate effect the flu season is having on their employees. For more information, go here.
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