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

DRIVINGBUSINESSSUCCESSIN WISCONSIN

Third Annual EMSI ConferenceOctober 16, 2013

TRANSFORMING ECONOMIC DEVELOPMENT

STRATEGIC FOUNDATION

DEPARTMENT OFCOMMERCE

WEDC

RegulationsLicensingHousing

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

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EXTENDED ENTERPRISE

ENHANCED CAPABILITIES

Tools• ConnectEd

• Site Selection

• EMSI

• LocateInWisconsin.com

• Certified In Wisconsin

Professional DevelopmentInitiatives• 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 & ANSWERThank You

CONTACT

Brenda Hicks-SorensenVice President, Economic and Community DevelopmentWisconsin Economic Development Corporation201 W. Washington Ave, 6th FloorMadison, WI 53703

Direct: 608-210-6838Email: brenda.hicks-sorensen@wedc.org