(WisBusiness) MON News Summary — 14 Sept. 2009

MON WisBusiness News Summary
14 September 2009
Exclusively for WisBusiness Subscribers


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From WisBusiness.com …

— The Dow Jones opens the week just above 9,600, having gained more than 150 points in last week’s four days of trading.

The WisBusiness index of 70 Wisconsin stocks rose as well last week, and opens today at 1,717, up more than 40 points from last week’s open.

— A UW System task force focused on turning research into jobs is suggesting that seven state campuses open new technology centers.

The centers would focus on specific topics like battery technology or drug research and would connect student interns with companies throughout the state.

The plan would cost $7.7 million over four years, but the centers would eventually be able to support themselves.

The tech center suggestion is one of more than 20 ideas submitted to the UW Board of Regents by the Research to Jobs Task Force.

The task force’s recommendations focused on three main topics: better connections to Wisconsin’s industry needs; promoting entrepreneurship; and gaining a competitive advantage for students in high-paying jobs through research and development training.

See the report for more details: http://www.wisconsin.edu/news/2009/09_2009/Research-To-Jobs-Report.pdf

— In related news, UW Whitewater is getting $4.7 million in federal money to help with a new technology park.

The grant allows construction on the park’s Innovation Center to begin later this year.

The center is expected to create several hundred jobs in the future by connecting faculty research with business.

The total cost of developing the center and the Technology Park is about 10 million dollars.

See details: http://www.wisbusiness.com/index.iml?Article=169926

TOP STORIES
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Whitewater technology park gets $4.7 million grant: A $4.7 million grant will help UW-Whitewater and the city of Whitewater start the Whitewater University Technology Park, a research facility and business incubator for students and faculty.
http://host.madison.com/wsj/business/article_b0a3c470-9f24-11de-9904-001cc4c002e0.html

Swine flu summit in Milwaukee Tuesday : The city of Milwaukee’s health department and a business group are holding a summit for businesses Tuesday to discuss the spread of swine flu.
http://host.madison.com/news/state-and-regional/wisconsin/article_1f05f9f2-4db9-53fe-9590-cfab25e06e6e.html

Mercury Marine Stillwater jobs will begin move to Fond du Lac soon: Jobs in machining and casting at Mercury Marine’s Stillwater, Okla. plant will be moving to Fond du Lac within a month.
http://www.thenorthwestern.com/article/20090911/OSH03/309110077

State offered $409 million incentive package in failed GM bid: As Wisconsin battled with Michigan and Tennessee this year to persuade bankrupt General Motors Corp. to build a new line of small cars at its recently closed Janesville factory, the state upped its ante by $100 million to a total public-private incentive package worth nearly $409 million.
http://www.jsonline.com/business/59142787.html

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VISIT BIZOPINION FOR BUSINESS-RELATED COMMENTARY

See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler:
http://blogs.wisbusiness.com/bizopinion

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TECHNOLOGY (back to top)
– Whitewater technology park gets $4.7 million grant
http://host.madison.com/wsj/business/article_b0a3c470-9f24-11de-9904-001cc4c002e0.html

ECONOMY (back to top)
– Sales tax revenue tumbles
http://www.jsonline.com/news/wisconsin/59190447.html

MANUFACTURING (back to top)
– Signs point to improving market for some local manufacturers
http://www.jsonline.com/business/59147042.html

AGRIBUSINESS (back to top)
– Wine customers ripening ahead of grape crops
http://www.greenbaypressgazette.com/article/20090913/GPG03/909130667

TRANSPORTATION (back to top)
– Prices falling to fly out of Milwaukee’s Mitchell
http://content.usatoday.net/dist/custom/gci/InsidePage.aspx?cId=postcrescent&sParam=31584715.story

– Airline competition driving down prices at Mitchell
http://www.jsonline.com/business/59094272.html

RETAIL (back to top)
– Clunkers program is factor in 41 percent boost in new vehicle sales in region
http://host.madison.com/wsj/business/article_a0d8bf6c-9f26-11de-9438-001cc4c002e0.html

REGULATION (back to top)
– State Appeals Court to Look at Farm’s Stray Voltage Case
http://www.wisconsinagconnection.com/story-state.php?Id=1099&yr=2009

TOURISM (back to top)
– Madison: Ironman Wisconsin worth millions to city
http://host.madison.com/wsj/news/local/article_50e8753d-f115-56b0-966b-931c844dd7e0.html

FINANCIAL SERVICES (back to top)
– AnchorBank restates results with deeper loss
http://www.jsonline.com/business/59072707.html

BUSINESS COLUMNS (back to top)
– Tom Saler: Recession scars are painful, permanent
http://www.jsonline.com/business/59146892.html

PRESS RELEASES (back to top)
· Adams Outdoor Advertising: Adams and Wisconsin Athletics partner to turn Beltline billboard into giant computer monitor for in-game UW football Twitter updates
· Dane County: Youth develop business skills from new agriculture employment program
· David J. Frank Landscape Contracting: Giving in the garden – Landscaper to celebrate 50th anniversary with community service party
· DWD: Governor Doyle announces additional assistance for dislocated workers at Chrysler Engine Plant in Kenosha
· Leinenkugel’s: Kicks off the fall beer season with Madison “sell off” competition
· Orion Energy Systems: OES VP to moderate Midwest U.S.-Japan panel discussion about sustainability
· Silver Spring Foods: Ed Schaefer resigns as president and CEO of Silver Spring Foods, business consultant Mike Walsh named president
· Tim O’Brien Homes: Milwaukee-area home builder partners with We energies to make solar electricity more affordable
· UW-Madison: Badgers’ home football season goes ‘carbon neutral’
· UW-Madison: Fall career connection offers hundreds of opportunities
· UW-Whitewater: Business degree in entrepreneurship approved for UW-Whitewater
· UW-Whitewater: Whitewater University Technology Park receives $4.7 million from EDA
· Wisconsin Bankers Association: Study – Credit unions lag banks in reaching underserved
· Wisconsin Innovation Network: Virtual worlds but real businesses: Wisconsin gaming companies to be featured at Sept. 22 WIN-Madison

For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82

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