Wisconsin Business News

Angel investor tax credits help raise $164 million for start-ups in 2012
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Investors in 63 early-stage companies received $12.1 million of tax credits from the state in 2012 under a program designed to spur funding for young, high-tech companies, according to a new report.

Manufacturing raises profile on MMAC Future 50 list
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Manufacturers gained some ground and did well this year in the Metropolitan Milwaukee Association of Commerce’s annual list of rapidly growing companies.

Suit claims Menard pressured money manager's wife for sex
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A suit filed in Hamilton County, Ind., accuses Menard, a 73-year-old billionaire, of trying to financially“crush� a well-known Indianapolis businessman after the man’s spouse rejected Menard’s requests that she have sex with Menard and Menard’s wife.

Rexnord to have presence in water research center
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Rexnord Corp. has signed a lease for 4,300 square feet at Milwaukee’s Global Water Center, joining other companies that will have water-related research activities there.

New proposal put forth for assisted-living apartments in Shorewood
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A new apartment community for older residents is being proposed for Shorewood— the third such development proposed for the same high-profile site since 2008.

Capital Brewery planning expansion
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Capital Brewery Co. Inc., in Middleton said Tuesday it plans to build an $11 million, 50,000 square foot production facility in the Village of Sauk City.

Bethesda Lutheran facility in Watertown to close in 2014
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The Bethesda Lutheran Communities Intermediate Care Facility, which provides care for 73 people with intellectual and developmental disabilities in Watertown, will close Aug. 31, 2014, the facility announced on Tuesday.

State plans to invest up to $1 million to transform former Eaton site
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Wisconsin’s economic planning agency is drawing up plans to invest up to $1 million in Eaton Corp.’s former engineering building to create a business incubator for a new generation of electrical engineering and energy research entrepreneurs.

Johnson Controls in talks for sale of electronics business
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Johnson Controls is reportedly speaking with private equity firms about the sale of its automotive electronics business, according to a report from Reuters.

Bruno's on Brady to close, reopen as Malone's
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Bruno’s on Brady, a longtime, no-frills bar on a trendy street, will give way to a different tavern under new ownership.

Exact Sciences files to sell 5.5 million shares
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Exact Sciences Corp., a Madison company developing a DNA-based, non-invasive test for colon cancer, said Tuesday it is trying to raise nearly $64 million in a stock offering.

Entrepreneurs market erasable spray paint for whiteboards, glass
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Ryan Corbin and his father have launched a venture that is marketing erasable spray paint for whiteboards and glass.

Wisconsin economy stuck in old-growth industries
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Reliance on old-line manufacturing is impeding economic growth in Wisconsin, a study shows.

Menards founder accused of pressuring woman to have sex
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A former business partner of John Menard contends in a lawsuit that the Wisconsin billionaire pressured her to have sex with him and his wife.

Farm bill hinges on dairy vote
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Approval of a massive farm bill— and the cost of a gallon of milk — could hinge on a proposed new dairy program the House is expected to vote on this week.

Brookfield accounting firm Kolb+Co. to merge into Naperville, Ill.-based Sikich
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Kolb+Co., an accounting firm based in Brookfield, has agreed to merge with Sikich LLP, one of 40 largest accounting firms in the country, Sikich announced on Monday.

UW-Madison researcher designs solar panel that stores energy
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At the University of Wisconsin-Madison, Hongrui Jiang has designed a solar panel that incorporates energy storage right in the panel. The idea is to combine two technologies— production of energy from sunlight and energy storage — into one.

Skinny dipping outing offered for donors to Streamfit
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BJ Gaddour, named by Men’s Health Magazine as one of the 100 fittest men of all-time, will go skinny dipping in Venice or wrestling near the Roman Colosseum in exchange for a $100,000 donation to his company.

Startup Milwaukee launches 'Capital Connections'
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Top executives from Wisconsin Super Angel Fund and one of its portfolio companies will discuss raising investment dollars Thursday night at a first-ever"Capital Connections" event organized by Startup Milwaukee.

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