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Milwaukee Business Journal
Wisconsin tourism impact at $25B last year
Wisconsin is a tourism destination that just keeps growing.<\p> On Tuesday, the Wisconsin Department of Tourism announced that the state saw a total economic impact of $25 billion from the tourism industry, an increase of 5.4% over the record set in 2022 of $23.7 billion.<\p>
GE HealthCare names CEOs of two major business units
GE HealthCare Technologies Inc. promoted from within for the new CEOs at two of its divisions, and both will spend some of their work time at the company’s Waukesha campus.<\p> The company announced Monday naming Roland Rott president and CEO of imaging and Phil Rackliffe president and CEO of ultrasound and image-guided therapies. The changes are effective July 1.<\p>
Milwaukee's startup ecosystem on the rise
In the current climate for startups and entrepreneurs, with fundraising down, being part of an established ecosystem can be more important than ever. A recently released report suggests that type of environment is taking hold in Milwaukee.<\p> Research center StartupBlink in its most-recent annual list of the top startup ecosystems across the globe ranked Milwaukee 127th on a list of the top 1,000 cities around the world, up from 153rd the year before. The city's new ranking represents what StartupBlink called "one of the most notable rises in North America," and puts it just four slots below Madison, which dropped 16 spots to 123rd.<\p>
Is Clarios ready for an IPO after record sales?
Clarios International updated its prospectus for a possible initial public offering after achieving record revenue and profits in 2023 but the Glendale-based automotive battery giant gave no indication of actually revisiting an IPO.<\p> “We’re going to decline to comment on the status” of a possible IPO, company spokesman Tom Downie said Monday via email.<\p>
Madison medtech, Pewaukee ice provider win Tech Council honors
CranioSure, a Madison-based company that has designed a mobile app to screen infant head shapes to detect risk of craniosyntosis – accurately and early enough to help avoid surgeries – has been named the winner of the 21st annual Wisconsin Governor’s Business Plan Contest.<\p> The firm was chosen from 13 contestants who presented among the “Diligent (Baker’s) Dozen” finalists on June 5 during the annual Wisconsin Entrepreneurs’ Conference at the Italian Community Center in Milwaukee. The finalists competed for cash and in-kind prizes to help fund their businesses.<\p>
UW Credit Union, State Fair partner for cream puff centennial event
A celebration of the 100th anniversary of the famous cream puff at the 2024 Wisconsin State Fair has a title sponsor.<\p> The Cream Puff Lovin' Celebration will be presented by UW Credit Union, which announced a multiyear partnership with Wisconsin State Fair on Tuesday. The event will take place Aug. 10, the second to last day of the Wisconsin State Fair, and include unspecified entertainment and perks for festivalgoers.<\p>
Giving Tree Garage Beer Garden opens in Walker's Point
Giving Tree Garage Beer Garden opened in Walker's Point on Sunday, just in time for the Pride Parade.<\p> This is the latest addition to the craft and beer bar Draft & Vessel family, which includes brick-and-mortar locations in Wauwatosa and Shorewood and a pop-up beer garden in the summer outside the Milwaukee Public Market in the Third Ward. The new beer garden builds on his pop-up, using his collection of vintage trucks to serve beers on tap.<\p>
IndyCar Experience a preview of racing comeback at Milwaukee Mile
That was fast!<\p> The IndyCar Series returns to the Milwaukee Mile in August for the first time since 2015. Improvements totaling $3 million have been on the track in preparation for the much-anticipated Milwaukee Mile 250, slated for Labor Day weekend, and these upgrades were tested out in style Monday with the IndyCar Experience, which is a separate entity from the racing series.<\p>
See who the James Beard Foundation named best chef in the Midwest
A Minneapolis chef topped Milwaukee chefs and business partners Dan Jacobs and Dan Van Rite to win the Best Chef: Midwest category during the James Beard Awards ceremony held Monday in Chicago.<\p> Jacobs and Van Rite were nominees for the award. At the Monday ceremony, the foundation named Christina Nguyen, of Hai Hai in Minneapolis, the winner in the category.<\p>
Prominent attorney, civic leader José Olivieri passes away
José Olivieri, who was a prominent attorney at one of Milwaukee’s largest law firms and a leader in the city’s civic, business and Hispanic communities, died on Sunday at the age of 66.<\p> Friends of Olivieri told the Milwaukee Business Journal he had been battling cancer. A statement Monday from law firm Michael Best, where he was a senior partner, said he passed away surrounded by his family.<\p>
The National Observer: Here's where the money lives
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today,y we've got stories on the rising number of towns in which the median home costs more than $1 million; the interest office tenants are taking in their landlords' financial situation; and plans for a multibillion-dollar supercomputer complex by Elon Musk. But first, here's our inaugural list of the ZIP codes with the greatest concentrations of wealth in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Shopko Optical sold to German firm
Shopko Optical, which has expanded in the years since Shopko Stores' 2019 bankruptcy filing, will be sold to Fielmann Group as the German firm grows its foothold in the United States.<\p> Fielmann Group said Monday it entered into a definitive agreement for its United States subsidiary to acquire 100% ownership in Shopko Optical, an optical retailer based in Green Bay. <\p>
Big deadlines loom for Realtors commission lawsuits
The class-action lawsuits that rocked the residential real estate industry over the last year are barreling toward a possible conclusion — and some big changes in the remainder of 2024. <\p> One of the most important deadlines is Aug. 17, 2024, when the NAR has said it would implement a series of changes as part of its own $418 million settlement agreement over buyer commissions. <\p>
Ascension Wisconsin restores access to key patient records
Ascension Wisconsin said Monday patients and clinicians regained access to electronic health records — nearly five weeks after those records went offline due to a cyberattack.<\p> Last week, Ascension said patients and clinical staff in Wisconsin would regain access to electronic health records by June 14, so Monday’s news falls within that schedule. <\p>
Airlines adding flights, seat capacity at Mitchell for RNC
On the heels of recent flight additions at Milwaukee Mitchell International Airport by the likes of Frontier Airlines, Spirit Airlines and Alaska Airlines, two major carriers will increase capacity at the airport for the Republican National Convention.<\p> The Republican National Convention is scheduled for Milwaukee July 15-18 and is expected to attract 50,000 visitors to Milwaukee with an expected direct and indirect economic impact of around $200 million.<\p>
Pizza Shuttle opens at 3rd St. Market Hall
The recent exit of Paper Plane Pizza Co. from 3rd St. Market Hall provided an opportunity for Milwaukee’s Pizza Shuttle to take over the space with a new concept that will be an extension of its existing east side location.<\p> “Our home and roots will forever be on Farwell (Avenue), and we’re also eager to take on this new opportunity,” said Kirby Clark, who will be bringing the Pizza Shuttle Slice Shop to the food hall, 275 W. Wisconsin Ave., in late June with partner Phil Wilder.<\p>
Gen Z cites housing affordability as its top election issue
In the wake of rapid home-price appreciation during the Covid-19 pandemic, housing is playing a bigger role in how Americans vote — among one demographic in particular.<\p> Ninety-one percent of adult Gen Zers said in a recent Redfin Corp. (Nasdaq: RDFN) survey housing affordability is important when considering whom they will vote for in the presidential election this November. Among a list of nine broad political topics, the subject ranked No. 1 for that generation — ranking even higher than the strength of the overall economy, which was the top priority for millennials, Gen Xers and baby boomers. Housing affordability for Gen Z respondents also outranked issues of education, gun rights and abortion rights.<\p>
New restaurants planned for 84South in Greenfield
Two new restaurants – Cooper’s Hawk Winery & Restaurant and Chipotle – could be coming to Greenfield as part of the 84South complex.<\p> The city’s Plan Commission is scheduled to consider the proposals Tuesday.<\p>
Marquette University president Michael Lovell dies
Marquette University president Michael Lovell has died three years after he was diagnosed with sarcoma, the school said Sunday.<\p> The Catholic, Jesuit school in Milwaukee released the news in a statement signed by board chair Todd Adams, provost Kimo Ah Yun and chief operating officer Joel Pogodzinski. Lovell, 57, had been Marquette’s president since 2014, after previously serving as the chancellor of the University of Wisconsin-Milwaukee. He was Marquette’s first lay leader, succeeding Rev. Scott Pilarz.<\p>
See Okauchee Lake home with boathouse listed for $5.75M: Open House
A custom home on Waukesha County's Okauchee Lake recently hit the market for $5.75 million. <\p> At nearly 7,000 square feet, the home includes six bedrooms, four full bathrooms and a powder room. The primary suite has a private sitting room and stairs to a "rooftop perch," according to the listing. <\p>
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