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— Angel investors could be a catalyst to fund innovation in the dairy industry.
That’s an idea put forward by a team from the UW-Madison’s Department of Dairy Science, Robert W. Baird & Co. Inc. and Bunker Labs. Those groups debuted the idea during Dairy Strong 2016: Partners in Progress, an industry event held last month in Madison.
When Stacy Williams and another colleague from Baird attended Dairy Strong in 2015, they saw the potential to gather financial support from both within and outside the dairy industry to fund industry innovations. They then spent the past year thinking about ways to do just that and meeting with people to see if the idea is possible. Williams thinks it is and hopes a fund dedicated to financing industry innovation is up and running by this time next year.
“We’re just starting a dialogue now with the dairy industry and others to see what the interest could be in something like this,” she says. “What’s different about this from some other investment concepts out there is that the potential investors would be the ones to benefit the most from the discoveries.”
See more on the effort in a new column from MaryBeth Matzek:
http://bizopinion.wisbusiness.com/
— Robert Kamphuis will be the new chairman of the Wisconsin Manufacturers & Commerce board.
Kamphuis, who was vice chairman, was elected at the annual board meeting in Milwaukee on Friday. He is the chairman, president and CEO of Mayville Engineering. Kamphuis replaces Dan Ariens, the chairman and CEO of Ariens Co. who also leads WEDC’s board of directors.
See the announcement: http://www.wmc.org/news/press-releases/wmc-chairman-kamphuis-continue-wisconsins-transformation/
— Caterpillar will lay off 220 people in Wisconsin after closing a plant in the northern Wisconsin’s Prentice.
The closing is part of a company-wide restructuring that will lead to 670 job cuts and five plant closings. The Prentice facility, which handles products for the logging industry, will have its work moved to plants in Georgia and Texas.
The plant is expected to close by the end of this year, although the company said in a statement it’s working on finding a buyer that could “maintain a portion of the current Prentice facility workforce.”
— Madison startup Telematic is headed to Des Moines to participate in the Global Insurance Accelerator, which is investing $40,000 in the company.
The accelerator, which runs a 100-day program, will also take a 6 percent equity stake in Telematic. The company helps insurers see how their customers are driving or using their phones, and its co-founder said the accelerator will help him learn “insurance companies’ pain points better than I do now.”
See more from Madison Startups:
http://www.madisonstartups.com/telematic-to-join-insurance-accelerator/#sthash.diNSxeAK.dpuf
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**REGISTER NOW Thursday, Feb. 11, WisPolitics.com luncheon: “State of the presidential race”**
On the day of the Democratic presidential debate in Milwaukee, WisPolitics.com brings together an expert panel to discuss the state of the presidential race. Participants include:
–Paul Maslin, national Democratic pollster with FM3;
–former Republican Congressman Scott Klug, public affairs director and co-chair of the Federal Public Affairs Practice at Foley & Lardner;
–and Craig Gilbert, Milwaukee Journal Sentinel Washington bureau chief.
The event will be held at the UW-Milwaukee Innovation Accelerator, 1225 Discovery Parkway, Wauwatosa, Wis. 53226, located just east of Highway 45 and just north of the Medical College of Wisconsin off W. Watertown Plank Road.
Easy parking at the location.
Check-in begins at 11:30 a.m. The program goes from noon until 1 p.m.
$15 for program and buffet luncheon if paid in advance; payment at the door is $20.
Click here to register and pay the $15 fee (put “Feb. 11 prez event” in purpose of payment line): https://secured-site7.com/wispolitics/online_payment/
Sponsors: UW-Milwaukee, Medical College of Wisconsin, and The Firm Consulting.
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After getting taxpayers’ help Johnson Controls packs its bags
http://jsonline.com/business/367111901.html
A. O. Smith reports growing fourth quarter sales and profits
http://bizjournals.com/milwaukee/news/2016/01/29/a-o-smith-reports-growing-fourth-quarter-sales-and.html
Thedacare, Network agree to extension
http://postcrescent.com/story/news/local/2016/01/29/79522320/
Caterpillar closing Wisconsin plant, expects declining 2016 sales in mining and $400 more in restructuring costs
http://bizjournals.com/milwaukee/news/2016/01/29/caterpillar-closing-wisconsin-plant-expects.html
Verso bankruptcy signals dim future
http://stevenspointjournal.com/story/news/local/2016/01/26/79335694/
Fox Valley nexus for health care, manufacturing
http://postcrescent.com/story/money/companies/2016/01/29/79459686/
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STORY TOPICS
AGRIBUSINESS ^top^
Dramm corp turns fish scraps into fertilizer
http://greenbaypressgazette.com/story/news/local/2016/01/29/79008836/
BANKING ^top^
Merger costs decrease Baylake profits
http://greenbaypressgazette.com/story/money/2016/01/29/79528178/
CONSTRUCTION ^top^
Construction on rise in Eau Claire region
http://leadertelegram.com/Business/Local-Business/2016/01/31/lt-div-class-libPageBodyLinebreak-gt-Haymarket-Landing-leading-project-in-EC-lt-div-gt.html
Helmets to Hardhats: Returning veterans find new careers as sheet metal workers
http://jsonline.com/business/367156821.html
Milwaukee construction projects in 2015 worth $303 million
http://dailyreporter.com/2016/01/29/milwaukee-construction-projects-in-2015-worth-303-million/
Lunda Construction project wins awards
http://greenbaypressgazette.com/story/money/2016/01/29/79526556/
ECONOMY ^top^
Oshkosh Corp. posts first quarter profit decline
http://postcrescent.com/story/money/2016/01/29/79512732/
First Business financial reports higher profit on loan and deposit growth
http://biztimes.com/2016/01/29/first-business-financial-reports-higher-profit-on-loan-and-deposit-growth/
A. O. Smith caps record year with big profit increase on rising salaries, lower costs
http://jsonline.com/business/366982671.html
A. O. Smith reports growing fourth quarter sales and profits
http://bizjournals.com/milwaukee/news/2016/01/29/a-o-smith-reports-growing-fourth-quarter-sales-and.html
Economic trends attendees get outlook for 2016
http://biztimes.com/2016/01/29/economic-trends-attendees-get-outlook-for-2016/
ABC reports slowdown in nonresidential spending
http://dailyreporter.com/2016/01/29/abc-reports-slowdown-in-nonresidential-spending/?ep=1
Mercury Marine growth up 2 percent in fourth quarter
http://fdlreporter.com/story/news/local/2016/01/28/79453986/
EDUCATION ^top^
Aurora Health Care makes $40 million bet on sports medicine with Marquette project
http://bizjournals.com/milwaukee/blog/2016/01/aurora-health-care-makes-40-million-bet-on-sports.html
Lake Mills church transformed into sound engineering school
http://dailyreporter.com/2016/01/30/lake-mills-church-transformed-into-sound-engineering-school/
UW-Parkside to present entrepreneurs workshops
http://journaltimes.com/34dba911-031d-5dc7-98a6-b5ce781c3f30.html
HEALTH CARE ^top^
Federal grant helps fill health worker gap
http://postcrescent.com/story/money/companies/2016/01/26/78267682/
INSURANCE ^top^
Aspirus, Arise forming health insurance company
http://shawanoleader.com/articles/2016/01/30/aspirus-arise-forming-health-insurance-company
Thedacare, Network agree to extension
http://postcrescent.com/story/news/local/2016/01/29/79522320/
Stalemate ends Thedacare insurance issue
http://shawanoleader.com/articles/2016/01/30/stalemate-ends-thedacare-insurance-issue
Uber to provide free rides for uninsured people to sign up for Obamacare
http://jsonline.com/business/367036711.html
INVESTING ^top^
Investment trends: Market worries no reason to abandon stocks
http://jsonline.com/business/367096921.html
Plummeting oil prices no laughing matter
http://jsonline.com/business/367096941.html
Florida firm donates funds to assist Milwaukee homeowners
http://biztimes.com/2016/01/29/florida-firm-donates-funds-to-assist-milwaukee-homeowners/
LABOR ^top^
State’s union membership plummets in 2015
http://dailyreporter.com/2016/01/28/states-union-membership-plummets-in-2015/?ep=1
Online retailer BuySeasons, Inc. to cut 128 jobs in New Berlin
http://bizjournals.com/milwaukee/news/2016/01/29/online-retailer-buyseasons-to-cut-128-jobs-in-new.html
LEGAL ^top^
Irgens drops lawsuit against westin hotel by 833
http://bizjournals.com/milwaukee/blog/real_estate/2016/01/irgens-drops-lawsuit-against-westin-hotel-by-833.html
MANAGEMENT ^top^
Top Milwaukee YMCA executives take substantial pay cuts
http://biztimes.com/2016/01/29/top-milwaukee-ymca-executives-take-substantial-pay-cuts/
Lands end hires former RadioShack CEO; will take write-down of $90M- $110M
http://bizjournals.com/milwaukee/news/2016/01/29/lands-end-hires-former-radioshack-ceo-will-take.html
Ayres names new leaders
http://leadertelegram.com/Business/Local-Business/2016/01/31/Briefcase-01-31-16.html
MANUFACTURING ^top^
Caterpillar closing Wisconsin plant, expects declining 2016 sales in mining and $400 more in restructuring costs
http://bizjournals.com/milwaukee/news/2016/01/29/caterpillar-closing-wisconsin-plant-expects.html
Caterpillar jobs eliminated in northern Wisconsin
http://dailyreporter.com/2016/01/29/220-caterpillar-jobs-eliminated-in-northern-wisconsin/
Fox Valley nexus for health care, manufacturing
http://postcrescent.com/story/money/companies/2016/01/29/79459686/
REAL ESTATE ^top^
Zilber seeking tenants for new Menomonee Falls office development
http://bizjournals.com/milwaukee/blog/real_estate/2016/01/zilber-seeking-tenants-for-new-menomonee-falls.html
RETAIL ^top^
Organic market, other new stores reviving Brookfield retail center
http://jsonline.com/business/367097571.html
Happy Sleeper Mattress & Furniture Store closing in Eau Claire
http://leadertelegram.com/Business/Local-Business/2016/01/31/Business-Bytes-01-31-16.html
Firehouse subs plans Oshkosh entry
http://thenorthwestern.com/story/money/2016/01/30/79534550/
SMALL BUSINESS ^top^
Longtime educator opens eclectic home decor gift shop in North Bend
http://lacrossetribune.com/c39ef61f-2918-5056-a698-5ce6b6967c23.html
SPORTS ^top^
Milwaukee Bucks select general contractor for downtown practice facility
http://bizjournals.com/milwaukee/news/2016/01/29/milwaukee-bucks-select-general-contractor-for.html
TECHNOLOGY ^top^
Racine company wins technology makeover
http://journaltimes.com/8c70bf68-8f69-5596-a39d-e5dd93f89ebc.html
Sentry, UW- Stevens Point aim to keep IT grads in Wisconsin
http://marshfieldnewsherald.com/story/money/2016/01/29/79521112/
COLUMNS ^top^
Bergstrom Automotive Case Study: Innovation in the Family-Held Business
http://jsonline.com/blogs/business/367052201.html
