September 2014

MobCraft Beer becomes first to use state's crowdfunding law

Equity crowdfunding got off the ground in Wisconsin Wednesday, as Madison's MobCraft Beer announced an agreement with a bank to help with the state's first deal using the new investment vehicle. ... Read More

SC Johnson to buy Sealed Air building

RACINE COUNTY – SC Johnson Thursday announced several investments it is making in employee working space, most notably by purchasing the soon-to-be-vacated, 277,000-square-foot Sealed Air building near Highway 20.  The consumer products giant also announced renovations it is making at its headquarters campus, 1525 Howe St., and the addition of a small satellite telecommuting office in Downtown Chicago. ... Read More

Porcaro to open collector-car showcase Saturday

RACINE — Revving the engine and gently letting out the clutch, Mark Porcaro drove his 1976 Triumph TR6 up the challengingly steep ramp and into his new Downtown home for classic cars.  Early this week Porcaro, president of Porcaro Ford Mitsubishi, began moving his 15 collector cars into the former auto dealership at 522 Sixth St.  He and his brother, Anthony Porcaro, their dealership’s vice president, were preparing for an indoor/outdoor classic-car show during Party on the... Read More

During Manufacturing Month, take opportunity to see industry firsthand

Much has been written about the misconceptions that surround working within the manufacturing sector of our economy. Images of dirty factories and munitions work continue to persist despite efforts to convey more realistic images of today’s manufacturing careers: These are high-tech, rewarding and challenging jobs that offer good pay with opportunities to advance. ... Read More

1 in 4 Wisconsin employers plans to add staff, ManpowerGroup finds

Nearly one in four Wisconsin employers plans to increase staffing in the last three months of 2014, up significantly from the share that planned to add jobs a year ago, a newly released survey by Milwaukee's ManpowerGroup shows.  At the same time, fewer employers intend to decrease staffing, yielding an even stronger year-over-year hiring picture, the survey indicates.  Manpower polls employers every quarter, asking how they expect employment at their location to change in the next... Read More

Village officials happy with bond rating

The Village of Waterford entered uncharted territory this week, and officials viewed the news as good.  The municipality officially was given a bond rating of AA- by venerable credit rating service Standard & Poor’s. The rating means the agency deems the village a low credit risk – an important issue when it comes to borrowing funds.  This is the first time village officials have sought a credit rating. ... Read More

Wisconsin banks increase lending

Wisconsin’s banks reported combined net income of $472 million through the end of the second quarter, down from $495 million in net income through the end of the second quarter of 2013, according to the Quarterly Banking Profile released today by the Federal Deposit Insurance Corp.  The report included 255 reporting institutions, down from 261 last year. ... Read More

County saves $840k on retiree health insurance switch

YORKVILLE — County officials say an insurance change for some retirees will be a win for both sides.  Retirees at least 65 years old and eligible for Medicare will be moved from the county’s self-funded plan to a private plan through Humana. The move is expected to save Racine County an estimated $840,000 during roughly the next year as it will no longer pay claims filed by those retirees. ... Read More