— Gov. Jim Doyle has announced a major trade agreement between a Chinese company and Wisconsin ginseng growers. The agreement, which makes the company Tong Ren Tang the exclusive distributor of Wisconsin ginseng in China, is estimated to bring more than $12 million back to Wisconsin in the next five years. Wisconsin’s 200 ginseng growers produce about 95 percent of the United States’ total ginseng crop. See details: http://www.wisbusiness.com/index.iml?Article=175037 — State law firm Foley and Lardner announced today that it has been awarded a $208 million contract from the National Institutes of Health. The contract for intellectual property services is for up to 10 years. Beginning this month, the firm will be responsible for work in the areas of biotechnology, mechanical, electrical and software patents. See details: http://www.wisbusiness.com/index.iml?Article=175023 — In a new BizOpinion book review, reviewer Terri Schlichenmeyer says author Michael E. Gerber uses his new book “The E-Myth Enterprise” to discuss what makes a good business great and a great one, stellar. To be great in business, Gerber says, there are five essential skills needed. All these skills must be in place “to enter the race”: concentration; discrimination (ability to choose where and to whom our attention is directed); organization; innovation (ability to reach for the right action); and communication. Businesses must have these skills in place from the start. Read the book review for more: http://blogs.wisbusiness.com/bizopinion/2009/10/book-review-e-myth-enterprise.html#at TOP STORIES Milwaukee shedding jobs at high rate: The Milwaukee area lost 49,600 jobs during the past year, but while 22 cities lost a greater number of jobs, far fewer beat the city’s 5.8 percent drop. Milwaukee County to lay off up to 200 employees : Temporary layoffs of 150 to 200 Milwaukee County employees will be done to avoid a 2009 year-end shortfall now projected at $3 million, County Executive Scott Walker said Wednesday.
Doyle Signs Ginseng Trade Agreement with Chinese Officials: Good things are still coming out of Governor Jim Doyle’s recent trade mission to China. On Wednesday, the state announced a major trade agreement between Tong Ren Tang, a Chinese pharmaceutical company, and the Wisconsin Ginseng Board. As part of the deal, more than $12 million worth of Wisconsin-grown ginseng products will be sold to Chinese consumers.
************************************************************ See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler: ************************************************************ BIOTECH (back to top)
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