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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
> > > >
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: [email protected]
