The Latest Business News in Milwaukee: Updates and Analysis
In recent times, Milwaukee’s business scene has been abuzz with several exciting developments. From new investments to big acquisitions, here’s a look at the latest business news from Milwaukee.
Fiserv Forum: A Beacon for Investment
Since its opening in 2018, Fiserv Forum has been a significant contributor to Milwaukee’s economy. The multipurpose arena has hosted concerts, sporting events, and more, bringing widespread attention to the city.
Thanks to the popularity of Fiserv Forum, Milwaukee has witnessed a flurry of new investments in the surrounding area. The Wisconsin Entertainment and Sports Center (WESC) district, which includes the arena, has seen the development of several restaurants, entertainment spaces, and hotels.
According to a report by the Milwaukee Journal Sentinel, the new developments around Fiserv Forum have created over 2,000 jobs and generated almost $3 billion in economic activity since 2018.
The Rise of Startups in Milwaukee
Milwaukee’s startup scene has grown significantly in recent years, fueled by a surge in entrepreneurship and a supportive ecosystem. The 2020 Milwaukee Startup Week saw over 40 events, including networking sessions, workshops, and pitch competitions.
One of the most notable startups to come out of Milwaukee is Bright Cellars, an online wine subscription service. The company has raised over $13 million in funding and has been featured in high-profile publications like Forbes and TechCrunch.
Another innovative startup from Milwaukee is Scanalytics, a company that creates sensor technology for businesses to track foot traffic and consumer behavior. Scanalytics has raised over $2 million in funding and has been recognized by CNBC as one of the world’s most innovative companies.
Bigger Ventures in Milwaukee
The Milwaukee area has also seen an increase in larger investments and acquisitions in recent months. In June 2021, West Allis-based Jason Industries announced that it was being acquired by New York-based private equity firm Hidden Harbor Capital Partners.
In another example, Milwaukee-based Berengaria Development, a commercial real estate developer, announced plans for a $140 million multi-use development project in downtown Milwaukee. This ambitious project will include a luxury hotel, high-end apartments, and retail spaces.
In Conclusion
Milwaukee’s business scene continues to thrive, with new developments and investments on the horizon. From the success of Fiserv Forum to the rise of startups and bigger ventures, the city is proving to be an attractive destination for businesses and investors. With a supportive ecosystem, a talented workforce, and a dynamic city culture, Milwaukee is poised for further growth and success in the years to come.
(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)