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Driving business success in wisconsin

Driving business success in wisconsin. Third Annual EMSI Conference October 16, 2013. Transforming Economic Development. Strategic foundation. Financial Assistance. Bold New Economic Development Initiatives. Regulations Licensing Housing. DEPARTMENT OF COMMERCE. WEDC.

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Driving business success in wisconsin

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  1. Drivingbusinesssuccessin wisconsin Third Annual EMSI Conference October 16, 2013

  2. Transforming Economic Development

  3. Strategic foundation Financial Assistance Bold New Economic Development Initiatives Regulations Licensing Housing DEPARTMENT OF COMMERCE WEDC

  4. Doing business like a business

  5. 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

  6. Extended enterprise

  7. Enhanced capabilities • Tools • ConnectEd • Site Selection • EMSI • LocateInWisconsin.com • Certified In Wisconsin • Professional Development • Initiatives • Project Apollo • Extended Enterprise Data Sharing Network

  8. Data-Driven Decision Making for Economic Developers

  9. Analysis Intelligence Tool • Identification of Industry Drivers • Identification of Employment by Industry and Occupation • Identification of Employment by Staffing and Inverse Staffing

  10. Retention / expansion / attraction tool • Input/Output Analysis Function • Supply Chain Analysis Tool through Industry Requirements • Supply Chain Analysis Tool for Openings and Completion

  11. Input Output Reporting

  12. Industry Reporting

  13. Example Top 5 Staffing Patterns & Industry Requirement Reporting

  14. 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.”

  15. CASE STUDIES

  16. Thank You Question & Answer

  17. Contact Brenda Hicks-Sorensen Vice President, Economic and Community Development Wisconsin Economic Development Corporation 201 W. Washington Ave, 6th Floor Madison, WI 53703 Direct: 608-210-6838 Email: brenda.hicks-sorensen@wedc.org

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