The North American Securities Administrators Association issued an advisory for people considering an online-money raising strategy known as “Crowdfunding” to jump-start their business projects. An act was signed into law in April that allows Crowdfunding to be under the “jumpstart our business startups act”. The act lets small businesses raise as much as one million a year by issuing equity to many small investors through an online site. The concern is that Crowdfunding will lead to fraudulent deals and losses by people who can’t afford them.
According to a new jobs data report, Wisconsin gained just under 20,000 jobs last year. The latest figures support Governor Walker’s contention during the recall campaign that Wisconsin gained rather than lost jobs during his first year in office, but the new figures also show Wisconsin behind the nation as a whole in job growth in 2011. Wisconsin added more 11,000 manufacturing jobs, which is an increase of 2.6%. And the nation as a whole, gained about 1.8 million jobs last year, which is an increase of almost 1.4%.
With the help of United Way of Greater Milwaukee, Wisconsin’s Mobile Market Program will keep running until the end of September. SHARE Wisconsin is a volunteer-run food buying program that closed its doors in May due to the economy, and it was looking for a new sponsor to take on its Mobile Market Program. The Mobile Market was scheduled to make its last truck stop at the end of June, but with the $25,000 donation from the United Way, SHARE will now have time to create a plan for the Mobile Market after the fiscal years ends in September.
With the Fourth of July tomorrow, it’s time for the Annual July 3rd U.S. Bank fireworks display over Lake Michigan. Around 9:30 tonight, thousands of visitors and Milwaukee-area residents will gather near Veterans Park to watch the celebration. The 60-minute fireworks display is a popular tradition in our community, so organizers are encouraging the public to arrive early to Veterans Park and to ensure everyone’s safety, the Milwaukee Police Department and the Milwaukee County Sheriff’s Department will at some point close access to North Lincoln Memorial Drive, so drivers should plan ahead.
The Milwaukee Journal Sentinel’s series on our city’s infant mortality crisis has won a “2012 Casey Medal for Meritorious Journalism.” The Casey awards recognize journalism about children and families. The Empty Cradles series launched in January of 2011 and it’s an ongoing effort to call attention to Milwaukee’s infant mortality rate – among the highest for big cities in the nation and to address ways to reduce it. Casey judges praised the paper for, “Throwing resources at a problem hidden in plain view in order to mobilize its community.”