Top Business News in Milwaukee You Should Know About

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Top Business News in Milwaukee You Should Know About

Milwaukee is a vibrant city with a rich history and a diverse economy that includes manufacturing, healthcare, education, finance, and technology. Here are some of the latest developments in the local business scene that could impact your career or your community.

Growing Investments in Startups

Milwaukee has been gaining momentum as a hub of innovation and entrepreneurship, thanks to the efforts of organizations like Startup Milwaukee, gener8tor, and The Commons. According to a recent report by the Wisconsin Technology Council, the state as a whole has seen a record amount of investment in startup companies, with $448.9 million in 2019, up from $361.6 million in 2018. Some of the promising startups based in Milwaukee include:

– Scanalytics, which provides data analytics for physical spaces such as retail stores, airports, and museums, and has raised over $5 million in funding from investors.
– Fiveable, which offers online learning resources for high school students preparing for Advanced Placement exams, and has raised $2.1 million in seed funding.
– Socialeads, which helps businesses identify potential customers on social media and engage with them more effectively, and has raised over $1.3 million in funding.

If you are interested in joining a startup or launching your own venture, Milwaukee could be a supportive and dynamic environment.

Expanding Diversity and Inclusion Efforts

Milwaukee has also been grappling with persistent disparities in income, education, health, and opportunity across racial and ethnic lines. However, many organizations and leaders are taking steps to address these challenges and promote equity and diversity. For example:

– The Milwaukee 7, a regional economic development group, has committed to increasing the number of minority-owned businesses and jobs in the area by 15% by 2025. They are also partnering with the African American Chamber of Commerce to provide more resources and networking opportunities for entrepreneurs.
– The Greater Milwaukee Foundation has launched a community-wide effort called On the Table MKE, which encourages residents to host or join conversations about the issues facing the city and explore ways to improve them. Some of the topics include race relations, affordable housing, and public safety.
– The Milwaukee Bucks have created a fellowship program that offers paid internships and career development to young professionals from underrepresented communities. The program aims to increase diversity in the sports industry and equip participants with skills and connections.

If you want to contribute to a more inclusive and thriving Milwaukee, there are many ways to get involved and support local initiatives.

Adapting to Remote Work and Virtual Events

Milwaukee, like many cities, has been affected by the COVID-19 pandemic and the resulting changes to work and social life. However, some businesses and organizations have embraced new strategies and technologies to continue operating and connecting with their audiences. For example:

– The Milwaukee Startup Week, an annual event that showcases local startups and entrepreneurs, has shifted to a virtual format this year, offering webinars, mentoring sessions, and online networking opportunities.
– Many employers in Milwaukee have allowed or encouraged their staff to work from home to reduce the risk of exposure to the virus. This has resulted in some challenges, such as the need for better technology and communication tools, but also some benefits, such as more flexibility and autonomy for workers.
– The Milwaukee Art Museum and other cultural institutions have launched virtual tours and exhibitions, which allow viewers to explore their collections and learn about various topics from the comfort of their homes.

If you are adapting to remote work or looking for new ways to engage with your community and interests, Milwaukee has some innovative and inspiring examples to follow.

Conclusion

Milwaukee is a dynamic and resilient city that is facing many challenges and opportunities in the business world. Whether you are a startup founder, a job seeker, a community organizer, or a curious resident, there are many ways to stay informed and engaged with the latest news and trends. By keeping an eye on the stories and events that matter to you, you can become a more knowledgeable and effective participant in the local business scene.