Economy & Business

Business news

Where are you from?  Ask that to the next person you meet on the street in Milwaukee, and they’ll probably look at you funny.  So, instead, take our word for it – the answer is probably someplace local.

Writer and Lake Effect essayist Avi Lank says where we are from says a great deal about where we are going:


Napoleon Dynamite included, a lot of us rely on lip balm to keep our mouths moisturized. But it's likely few of us ever thought about making our own product.

One Sheboygan woman has given more than lip service to the importance of pampered puckering. Caitlin Brotz is carving a niche for her homegrown lip balm company, called Olivu 426.

Young professionals are gathering across Milwaukee this week, not only to network, but to also talk about their visions of the city’s future. Organizers of the second annual Young Professionals Week have arranged more than 20 events.

Farm Land

Wisconsin may soon allow foreign investors to purchase large parcels of land here. For more than 100 years, the state has limited foreign interests from owning more than 640 acres. However, Governor Walker’s proposed budget removes the cap, including for corporations. The Wisconsin Realtors Association asked for the change, according to spokesman Thomas Larson.

Milwaukee leaders plan to engage in an exercise to spur entrepreneurship. Dozens of people packed into a room at the new UWM School of Public Health Thursday, to hear about the plan. Milwaukee would be the first city in the U.S. to test the initiative.

Mark Sardella, Flickr

In less than a week, contract negotiations will begin at Caterpillar in South Milwaukee. The talks will be the first since the company took over former Bucyrus International in 2010.

A developer announced plans on Wednesday for a new five-story building to be constructed in the "The Brewery " neighborhood. The Brewery - a mixed-use development - is located on the northern edge of downtown Milwaukee, on the grounds of the former Pabst Brewery.

The rent-to-own industry has been working for years to change the way Wisconsin governs those shops. It now appears Gov. Walker is on board with change. As WUWM’s LaToya Dennis reports, he has included in his budget a provision bringing Wisconsin in line with most other states. His plan will certainly reignite a battle here between consumer advocates and an industry insisting it provides an option some shoppers need.

Earlier this week, the MATC Board and its teachers union reached a new one-year contract – months ahead of schedule. The pact takes effect next February, when the existing three-year contract expires.

Dave Reid, Flickr

The MATC Board and its faculty union agreed to a new one-year contract this week, set to take effect in 2014, when their existing three-year pact expires.

What makes the deal noteworthy is the fact it happened months earlier than usual and while courts consider challenges to Act 10. That relatively new state law prohibits most public unions from negotiating for anything except limited pay increases.