DRIVING BUSINESS SUCCESS IN WISCONSIN Third Annual EMSI Conference October 16, 2013.

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Presentation transcript:

DRIVING BUSINESS SUCCESS IN WISCONSIN Third Annual EMSI Conference October 16, 2013

TRANSFORMING ECONOMIC DEVELOPMENT

STRATEGIC FOUNDATION DEPARTMENT OF COMMERCE WEDC Regulations Licensing Housing Bold New Economic Development Initiatives Financial Assistance

DOING BUSINESS LIKE A BUSINESS

ALIGNING RESOURCES WITH NEEDS WEDC Division of Economic and Community Development Division of Entrepreneurship and Innovation Division of Business and Industry Development Division of International Business Development Prospering Businesses Entrepreneurial Spirit Specialized Industry Leadership Global Outlook >>>>

EXTENDED ENTERPRISE

ENHANCED CAPABILITIES Tools ConnectEd Site Selection EMSI LocateInWisconsin.com Certified In Wisconsin Professional Development Initiatives Project Apollo Extended Enterprise Data Sharing Network

DATA-DRIVEN DECISION MAKING FOR ECONOMIC DEVELOPERS

ANALYSIS INTELLIGENCE TOOL Identification of Industry Drivers Identification of Employment by Industry and Occupation Identification of Employment by Staffing and Inverse Staffing

RETENTION / EXPANSION / ATTRACTION TOOL Input/Output Analysis Function Supply Chain Analysis Tool through Industry Requirements Supply Chain Analysis Tool for Openings and Completion

INPUT OUTPUT REPORTING

INDUSTRY REPORTING

EXAMPLE TOP 5 STAFFING PATTERNS & INDUSTRY REQUIREMENT REPORTING

PROGRAM GUIDELINES Impact Loan Program Forgivable loans up to $2M to targeted industry sectors: Advanced Manufacturing, Food and Beverage Processing, Printing, Aerospace, Research & Development Job Retention Projects: Economic impact analysis score of at least 2 Job Creation Projects: Economic impact analysis of at least 1.75 Business Opportunity Loan Fund “Direct loans are not forgivable unless warranted under extraordinary circumstances. Extraordinary circumstances include significant job layoffs in the area in the last 12 months, natural disasters, significant impacts in terms of jobs, or a large multiplier effect according to the EMSI report.”

CASE STUDIES

QUESTION & ANSWER Thank You

CONTACT Brenda Hicks-Sorensen Vice President, Economic and Community Development Wisconsin Economic Development Corporation 201 W. Washington Ave, 6 th Floor Madison, WI Direct: