Madison has the ninth strongest economy in the U.S., according to Policom Corp.â??s 2010 rankings. The survey examines 23 measures of economic strength over a 20-year period. Data from 1989 to 2008 involving 366 metropolitan statistical areas was considered for the latest report. “While most communities have slowed or declined during this recession, the strongest areas have been able to weather the storm,” said William Fruth, president of Policom, based in Palm City, Fla. Madison has a diversified job base, with the state capital, UW-Madison, and employment strength in insurance, finance, technology and meat processing, Fruth said.
Category: Business/Technology
Kathleen Falk, Dave Cieslewicz, Chris Fortune, Krista Rettig, Alan Fish and Susan Schmitz: Join us in making biking vision a reality
Dear Editor: As business and civic leaders, biking enthusiasts, local elected officials, and transportation experts, we joined together to learn how to make biking better here at home.
Property Trax: Credit crunch headlines housing conference
An annual housing-market conference at UW-Madison on June 4 will explore the current state of credit availability for development and building, one of the toughest remaining challenges during a slow and uncertain national economic recovery.
State tourism spending fell by $1 billion in 2009
There wasnâ??t as much fun in Wisconsin last year and â?? no surprise â?? the killjoy was the economy. Figures released Sunday by the state Department of Tourism show vacation, convention and other visitor spending was $12.1 billion in 2009, down by more than $1 billion, or 7.8 percent compared to 2008. â??The downturn we experienced was not as severe as seen in other areas,â? said Deb Archer, president and chief executive officer of the Greater Madison Convention & Visitors Bureau. â??We continue to attract visitors to our community through key drivers, such as the UW-Madison and convention, event and meeting attendance at our great facilities.â?
Cellular Dynamics licenses Japanese cell reprogramming technologies
The Madison company founded by stem cell pioneer James Thomson said Friday it has forged an agreement to use cell reprogramming technologies developed by a rival Japanese scientist.
Cellular Dynamics International Inc. negotiated a non-exclusive licensing agreement to use the techniques covered by Kyoto Universityâ??s patents on some of Shinya Yamanakaâ??s groundbreaking work. This makes the company, known as CDI, the first in the world to license key patents from both stem cell leaders involving an alternative to embryonic stem cells known as iPS, or induced pluripotent stem cells, CDI said.
Biotech industry provides almost 25,000 jobs in state, report says
Wisconsin is not one of the biggest centers for biotechnology in the U.S., but the state does rank in the upper 40 percent of all states in terms of companies and jobs in bioscience, a new report says. Wisconsin Commerce Secretary Aaron Olver said he is trying to â??meet as many companies and investors as possible and tell them about some of the great things going on in Wisconsinâ? â?? from the UW-Madisonâ??s Institutes for Discovery to the tax credits for investors in young technology companies.
Doyle: New UW research center to open in December
Gov. Jim Doyle says two cutting-edge research centers at the University of Wisconsin-Madison will open in December. Doyle announced at a biotechnology conference in Chicago on Tuesday the Wisconsin Institutes for Discovery will open its doors just before he leaves office in January. The centers — one public, one private — are designed as a way to bring researchers together from across campus to tackle some of the most pressing issues in science and medicine.
Take a peek at new UW science facilities
If youâ??ve driven past Campus Drive and University Avenue lately, you likely noticed the exterior of the wedge-shaped Wisconsin Institutes for Discovery is nearly complete. The buildingâ??s twin institutes â?? the publicly funded Wisconsin Institute for Discovery and the private Morgridge Institute for Research â?? will house scientists doing research designed to improve human health. On Thursday, the public can visit Memorial Union to see a preview of the Town Center, or the first floor of the new building.
Biz Beat: On rust belt Midwest, Longworth tells it like it is
If youâ??ve got a chance this afternoon, head to the Pyle Centerâ??s Alumni Lounge at 702 Langdon St. at 4 p.m to hear Richard Longworth.
A veteran Chicago writer and teacher, Longworth has made a splash in economic development circles with his book “Caught in the Middle: Americaâ??s Heartland in the Age of Globalism.” The Iowa native and Norrthwestern grad Longworth knows his stuff. He notes the Midwest was once a center of innovation and industry for the 20th century. Think cars and rubber; agriculture and chemicals.
WARF loses round in stem cell patent battle
An attempt to protect a patent that covers embryonic stem cell research pioneered at the University of Wisconsin-Madison has suffered a defeat. The U.S. Patent and Trademark Office last week reversed an earlier ruling rejecting challenges made to one of three patents held by the Wisconsin Alumni Research Foundation. The ruling was a victory for two consumer groups have asked the office to throw out the patents, which cover discoveries made by UW-Madison scientist James Thomson. They argue Thomsonâ??s work should not qualify for patents and that patent enforcement has hindered U.S. stem cell research.
State’s biotech industry growth kept pace with U.S.
Wisconsinâ??s biotech industry held its own during the first year of the recession, a new report shows. The stateâ??s bioscience sector grew at about the same pace as that of the rest of the country, according to the Battelle/BIO State Bioscience Initiatives 2010 report, which was released Monday by the consulting firm Battelle and the Biotechnology Industry Organization.
Backlog of patents still stifling potential jobs, director says
Nearly nine months into his tenure as director of the U.S. Patent and Trademark Office, David Kappos said Monday that he thinks the agency still is stifling millions of potential jobs because of its inability to keep pace with the volume and complexity of the applications it receives.
Universities receive millions in earmark funds
With universities across the country facing financial difficulties due to the ailing economy, some are getting multi-million dollar boosts in federal earmarks, according to a report released Thursday.
Fashion to a â??Tâ??
Wisconsinâ??s unique culture is defined by an industrious work ethic and an exuberant, inescapable party scene. We work hard, and we party hard â?? itâ??s a Midwest thing. No matter where weâ??re originally from, UW-Madison students can relate to this dynamic.
Fix sought for money issues
Political officials and leaders from 30 Midwest research institutions, including University of Wisconsin Chancellor Biddy Martin and Gov. Jim Doyle, attempted to find solutions to the mounting monetary challenges of conducting research at the university level at a meeting Wednesday.
Madison energy drink company amps up campaign for Flatt Cola
The small orange, black and white can touts world domination.For now, Madison entrepreneurs Dave Kruse and Paul Pucci would be happy just adding a few more convenience stores to sell the energy drink theyâ??ve created and dubbed Flatt Cola. The UW-Madison business school graduates are also trying to attract more investors to their fledgling company so they can increase the marketing campaign that includes â??Everyday World Domination,â? and purchase more cans for another batch of the high-octane drink.
Cellular Dynamics raises another $40.6 million
Cellular Dynamics International has raised another $40.6 million in private equity financing, and Sam Zell, owner of the Chicago Tribune, is one of the investors.
Founded by UW-Madison stem cell pioneer James Thomson, CDI produces human heart cells from stem cell lines derived from skin or blood samples from adults. The heart cells are used by the pharmaceutical industry to test the effect of drug candidates on heart function.
Cross Country: Expo a must-see for cheese experts
When people think of cheese, they think of Wisconsin: the dairy cows grazing on green grass next to a little red barn, a small family cheese factory where mom and dad turn out a few pounds of cheese a day, buying handmade cheese at a farmersâ?? market, a cheese maker cutting a wedge of cheese from a block of cheddar.
All true, but it doesnâ??t really portray Wisconsin or U.S. cheese making in 2010 as a walk through the Exhibition Hall at the Alliant Energy Center on Wednesday and Thursday of this week would quickly show.
Madison tech firm raises $250,000; names CEO
Echometrixâ??s products are based on technologies developed at the University of Wisconsin-Madison and licensed from the Wisconsin Alumni Research Foundation.
New company Entrustet starts digital asset service
What happens to your online accounts and records when you die? A new Madison company, Entrustet, helps people designate what they want done with their digital assets, such as e-mail, Facebook, LinkedIn, PayPal and others. Entrustet founders Jesse Davis and Nathan Lustig won the Studentsâ?? Choice Award in the 2009 UW-Madison Burrill Business Plan Competition.
East Wash: Poised for a right turn?
….In a better economy, the areaâ??s proximity to the Capitol, UW-Madison and Williamson Street businesses might have been enough to spur development, but going forward, observers acknowledge there are physical limits and negative perceptions that must be surmounted. And, with tight financial markets that have dampened building plans nationally, many also suggest that the city may need to provide developers with some financial kindling to spark development.
On Campus: UW-Madison to establish Yiddish institute
UW-Madison will establish a one-of-its-kind institute for Yiddish culture with a $1 million endowment and a donation of 6,000 “78-rpm” records of Jewish music.
Small business may receive tax incentive to pay studentâ??s tuition, regents may receive $25K grant
State businesses may have more of an incentive to pay for a studentâ??s tuition after the state Assembly passed a bill Thursday giving tax credits to such companies.
Cross Country: Veterinarians make house calls for cow herd checks
How many of us have a doctor come to our home to check on our family health every week? Every two weeks? Every month?
Probably not a one, unless there is a specific illness that must be monitored and we canâ??t make it to a clinic or hospital. Yet many of Wisconsinâ??s top dairy herds are visited by a veterinarian (who is indeed a well-trained and skilled doctor) on a regular weekly, biweekly or monthly schedule.
Record voter turnout denies Nat renovation
With a record turnout, UW-Madison students voted against raising student-segregated fees to fund the proposed renovations for the Natatorium.
Record student turnout votes down NatUP
A record-breaking 34.5 percent voter turnout in the Associated Students of Madison elections brought the NatUP 2010 referendum down Wednesday night with just more than 60 percent of those casting ballots voting against the renovation.
Natatorium vote elicits strong campus reactions
UW-Madison students have been actively demonstrating their support or opposition to a referendum that would increase student segregated fees to extensively expand the Natatorium with a $60 million renovation.
NatUP spends around $30,000 of Recreational Sportsâ?? money on campaign
As Associated Students of Madison Spring Elections began at the University of Wisconsin, the student organization NatUP asked students to vote yes to the Natatorium renovation â?? using around $30,000 of university money to convince them.
Gordon Commons approved
Madison City Council signed off on the new Gordon Commons and adopted a resolution declaring Madison a Fair Trade city at their meeting Tuesday night.
Taylor Hoffman: Comments on Nike decision disgusting
Dear Editor: As a current Badger, I am extremely supportive and happy with the universityâ??s decision to end its contract with Nike. This is an unbelievable start to addressing the labor rights of factory workers around the world. The university can only be seen as an example of how to stand up for human rights.
However, I am disappointed and disgusted with some of the online comments posted on Todd Finkelmeyerâ??s April 9 article â??UW-Madison ends Nike contract amid labor concerns.â?
Professors take expertise to marketplace
Inspired by his solution for one of the computer industryâ??s biggest problems, University of Wisconsin-Madison professor Guri Sohi decided to pursue a strategy thatâ??s gaining popularity in Wisconsinâ??s academic circles: starting a company.
Itâ??s not up and running yet, but Sohi says heâ??s deep into the details of a developing a business plan for the firm.”Iâ??m very excited about the technology we have. It goes counter to four decades of thinking,” said Sohi, a computer science professor and former head of the schoolâ??s computer sciences department.
Judging from the numbers, you might think there arenâ??t a lot of Guri Sohis in Wisconsin.Professors at UW-Madison – the stateâ??s biggest research engine – started just six companies in fiscal 2008, according to the recently released Association of University Technology Managers survey of licensing activity.
UW to cut Nike contract over labor violations
The Labor Licensing Policy Committee announced its plan to end UW-Madisonâ??s contract with Nike Friday, saying the company failed to address several alleged labor violations in Honduras.
Google Fiber flavor ice cream unveiled
With Madisonâ??s application submitted to become the pilot city for Google Fiber â?? an experimental high-speed Internet connection â?? to increase support, city officials unveiled a Google Fiber ice cream flavor Friday.
UW cuts Nike contract over labor issues
University of Wisconsin Chancellor Biddy Martinâ??s office announced Friday it will end its apparel contract with Nike after the companyâ??s failure to respond to a series of labor law violations.
Editorial: More graduates smart, but do it wisely
Over the next 15 years, University of Wisconsin System President Kevin Reilly wants to see 33,700 students graduate annually from the system of four-year and two-year colleges, up from 26,000 per year currently.
He says itâ??s a financial investment in the stateâ??s economic future.
Producing more college graduates is a laudable goal â?? and, yes, college degrees give adults an edge in the jobs market. How that growth is pursued will determine how effective such a plan will be.
Our view: Finally some ideas – and they’re yours (Wisconsin State Journal)
The state of Wisconsin is finally at the brink of the crisis weâ??ve all seen coming for a long time.
As structural deficits increased each biennium the past many years – with no end in sight thanks to inexorable shifts in demographics and Wisconsin’s economy – blue-ribbon panels and special commissions have tried to come up with ideas that could right the ship of state.
Biz Beat: What’s an aging rust belt state to do?
The natural beauty of Wisconsin hides an ugly truth: This state is facing an aging population of non-working retirees while its best and brightest young people are leaving for greener pastures.
This scenario is played out in a new report from Wisconsin Way, a coalition of business, government and educational groups working on solutions to the stateâ??s biggest challenges.
UW-Madison ends Nike contract
The University of Wisconsin-Madison is ending its apparel contract with Nike, becoming the first school to cut ties with the athletic shoe and apparel giant due to alleged labor rights abuses at two factories overseas.
University officials announced their decision Friday afternoon at a meeting of the Labor Licensing Policy Committee at Bascom Hall.
UW should drop contract with abusive Nike
University of Wisconsin-Madison students marched on Chancellor Biddy Martinâ??s office Thursday and made a simple demand: Take a firm stand against the abusive practices of the Nike corporation. The manufacturer of shoes and athletic wear, which has a licensing contract with the UW, is in violation of commitments it made to respect the rights of workers at two of its Honduran apparel factories.
Update: Imago sold to Pennsylvania company
Imago Scientific Instruments, a Fitchburg company that makes high-power microscopes providing 3D images, has been purchased by Ametek, a publicly traded company in suburban Philadelphia, for $6 million. Imago was founded in 1998 based on technology discovered at UW-Madison.
Charter Street Heating Plant plan initially approved
The Urban Design Committee granted initial approval of the Charter Street Heating Plant upgrades on Wednesday. The project includes demolishing the current coal-burning Charter Street Heating Plant and replacing it with an environmentally friendly biomass plant.
Church plans new building
St. Paulâ??s University Catholic Center could undergo a major improvement in coming years in the form of a complete rebuilding of its facility at the bottom of State Street.
College link helped secure $7 million deal for Imago
The fact that a Madison-based tech company could raise $7 million in venture capital in the current financing climate is noteworthy. That the financing was led by one of the premier Silicon Valley venture capital firms may be the bigger story.
Local and state leaders have long acknowledged the importance of tapping into the big money financing firms on both coasts for the money, contacts and expertise necessary for the areaâ??s developing tech sector to reach its potential. To aid such efforts, officials have organized special fund-seeking trips to places like Boston and Silicon Valley. The Wisconsin Alumni Research Foundation even opened an office in California.
Developer eyes student housing where UW building might stand
While the UW-Madisonâ??s effort to condemn property owned by the Brothers Bar & Grill chain has grabbed plenty of attention, a prominent campus-area landlord is also bumping up against the universityâ??s thirst for real estate.
For months, Otto Gebhardt has been seeking city approval for a new 87-unit, high-rise student apartment building at 1208 Spring St. Three aging rental houses on the property now would be torn down. Gebhardt and others have been quietly redeveloping other properties in the area between Randall Avenue and the Park Street viaduct.
Brothers Bar and Grill drops lawsuit against UW Board of Regents, accepts $2.1 million buyout
The owners of Brothers Bar and Grill have agreed to drop their lawsuit against the UW Board of Regents, ending a lengthy legal battle just one day before their scheduled trial.
Bar drops Board of Regents suit
Brothers Bar and Grill dropped a lawsuit Tuesday against the UW System Board of Regents contesting the boardâ??s use of eminent domain to condemn the barâ??s property, just one day before the parties were set to meet in court.
Brothers Bar & Grill owners drop lawsuit, accept offer
The owners of a popular campus-area bar have agreed to drop their lawsuit and accept the University of Wisconsin-Madisonâ??s $2.1 million offer for their property.
UPDATE: Brothers Bar & Grill Sues UW Regents
The owners of a popular campus bar have decided to dismiss their lawsuit that sought to stop the University of Wisconsin-Madison from taking their property through eminent domain.
UPDATE: Brothers Bar & Grill Sues UW Regents
The owners of a popular campus bar have decided to dismiss their lawsuit that sought to stop the University of Wisconsin-Madison from taking their property through eminent domain.
Suit To Block UW From Pushing Bar From Location Dropped
A face off between a popular downtown Madison bar and the University of Wisconsin-Madison wonâ??t happen after all.
Trial to test UW’s power to take private property
MADISON, Wis. AP – A fight between a popular bar and the University of Wisconsin-Madison heads to a courtroom Wednesday in a case that will test the schoolâ??s power to take private property for a public use.
The idea factories
But the Virent story shows whatâ??s possible when lab smarts of the university are blended with the financial savvy of business. There is a lesson here for the Milwaukee region as it works to develop a more nimble and robust economy. [The editorial mentions that Virent was born to commercialize ideas formed at UW-Madison.]
Madison company seeks piece of isotope market
When he founded Phoenix Nuclear Labs LLC five years ago, Greg Piefer wanted to do something simple – like detect nuclear weapons.
But a worldwide shortage of a radioactive isotope used in medical imaging tests has drawn the 33-year-old nuclear engineer, who holds a doctorate in nuclear engineering from UW-Madison, to a more complicated task.
SLAC asks Martin to cut Nike contract after labor violations
Recent reports reveal that Nike, a UW-Madison licensee, violated several workersâ?? rights laws in India and Honduras.
Why Madison has a shot at getting Google Fiber
Although hopes of an NCAA title for Wisconsinâ??s largest university were dashed this weekend, officials are confident the city of Madison has what it takes to make a solid run at another title: Test city for Googleâ??s upcoming ultra high-speed Internet experiment.
Virent launches plant to create gasoline from plant sugars
Virent Energy Systems has reached a milestone in its quest to create a better biofuel.Madison-based Virent announced Tuesday that it has opened the first biogasoline plant, creating gasoline from plant sugars. The company was formed in 2002 to deploy technological innovations developed at the University of Wisconsin-Madison.
The grass is greener! New economic report finds Madison doing well
Assessing the impact of the Great Recession on Wisconsin is turning into a tale of Madison and everybody else.
While Madison has certainly taken some lumps over the past two years, its unemployment rate has remained among the lowest in the nation.
Executive Q&A: Suzanne Dove, providing a global perspective on business
Feature about Suzanne Dove, outreach director for the UW-Madison Center for International Business Education and Research, or CIBER, a job she has held since 2007. CIBER works with other organizations to help Wisconsin businesses sell their products in other countries.
Theory meets practice in entrepreneurial bootcamp
A program meant to help students explore the riggers of business startups will take place the week of June 20 on the UW campus. Due to generous donations from program sponsors, there is no cost to participants. From new fuel alternatives to embryonic stem cells, the University of Wisconsin-Madison is an international leader in scientific research.
All 26 UW System schools breaking law on contract disclosure
More than 80 state agencies, including UW-Madison, are not in compliance with an open records law that requires all state agencies to report their contractual agreements on an aggregate website maintained by the Government Accountability Board.