WEDC WEDA MAY 5, 2016 TAPPING IDEAS, TALENT AND PASSION TO GROW BUSINESS IN WISCONSIN

Transcription

1 WEDC WEDA MAY 5, 2016 TAPPING IDEAS, TALENT AND PASSION TO GROW BUSINESS IN WISCONSIN

2 WEDC MISSION To advance and maximize opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive economy.

3 WEDC VISION Leveraging talented professionals and strategic partnerships, WEDC aspires to be a leading and widely-respected state economic development organization, helping Wisconsin elevate its quality of life and long-term economic prosperity for all residents.

4 STRATEGIC PILLARS Business Development: Building a Foundation for Economic Competitiveness through Business and Industry Growth; Export and Trade Expansion; and Entrepreneurial and Innovation Catalyst Investment Attraction: Leveraging Wisconsin s Strengths for Inward Investment by Companies and People Community and Economic Opportunity: Improving Quality of Life Across Wisconsin Strategic Competitiveness: Building Programs and Policies for Future Growth Wisconsin s Brand Management and Promotion: Shaping the Narrative about Wisconsin Operational and Fiscal Excellence: Building and Maintaining Confidence in our Stewardship and Effectiveness

5 CUSTOMER-CENTERED SERVICE

6

7 EXTENDED PARTNERSHIP

8 MEASURING ECONOMIC DEVELOPMENT SUCCESS

9 ECONOMIC DEVELOPMENT SUCCESS FINANCIAL AND OPERATIONAL ASSISTANCE FY15 RECIPIENT WEDC KEY STRATEGIC PARTNERS Businesses 590 4,654 Communities 103

10 LEVERAGE BONDS 7 awarded GRANTS Amount $ 40.5 million Amount Co-Investment Leverage N/A Co-Investment Leverage awarded million INVESTOR CREDITS Amount Co-Investment Leverage awarded million LOANS Amount Co-Investment Leverage awarded TAX CREDITS 129awarded TOTAL NUMBER OF AWARDS 351awarded million Amount $ million TOTAL AMOUNT $ million Co-Investment Leverage 9:1 Total Co-Investment Leverage 9:1

11 FY15 CAPITAL INVESTMENT $ 1.2 BILLION In FY15, WEDC invested in contracted projects that will result in more than $1.2 billion in capital investments in Wisconsin.

12 DELIVERING INTEGRATED ECONOMIC DEVELOPMENT SOLUTIONS

13 ALIGNING RESOURCES WITH NEEDS WEDC Division of Business & Community Development Division of Entrepreneurship and Innovation Division of Sector Strategy Development Division of International Business Development Division of Business & Investment Attraction > Prospering Businesses and Communities > Entrepreneurial Spirit > Specialized Industry Leadership > Global Outlook > Business & FDI

14 BUILDING AN ENTREPRENEURIAL ECOSYSTEM IN WISCONSIN

15 ENTREPRENEURIAL ECOSYSTEM

16 SEED INVESTMENTS Working with researchers at the Wisconsin Alzheimer s Institute, we believe we can uncover previously hidden patterns and relationships in this very complex dataset more quickly and easily than ever before. These patterns and relationships could very well lead to the commercialization of new tools to detect and treat Alzheimer s and other forms of dementia. ~Paul Bottum, founder and chief executive Swoop Search LLC Capital Catalyst investment recipient

17 BUILDING KNOWLEDGE CENTERS The B.R.E.W. Business. Research. Entrepreneurship. In Wisconsin. First-of-its kind Global Freshwater Seed Accelerator Program Helps water technology companies tap the tremendous R&D resources housed in Milwaukee s Global Water Center. MadWorks Business Seed Accelerator Focuses on business formation at UW-Madison and the surrounding community Provides funding, training and mentorship to technology startups VictorySpark First veteran-centric seed accelerator fund in the world Provides startup capital to innovative, high-growth veteran-initiated businesses Emergent Labs Mentor-driven technology business accelerator Helps Fox Valley entrepreneurs advance business model development

18 DRIVING STRATEGIC INDUSTRY DEVELOPMENT

19 LEVERAGING INDUSTRY ASSETS WEDC s industry development approach focuses on industries with the greatest promise for future growth Engagement strategy driven by the power of the multiplier effect Strategies include: Support industry collaboration Improve competitiveness Invest in high-impact sector initiatives

20 GLOBAL WATER CENTER Collaboration between WEDC, the Water Council and other entities Opened in September 2013 Nexus of water technology thought-leadership Spurring redevelopment of Walker s Point neighborhood Attracting new businesses

21 ENERGY INNOVATION CENTER Collaboration between WEDC and the Mid-West Energy Research Consortium (M-WERC) Grand opening late 2015 Created to accelerate the development of innovative technology in the energy, power and control sector Industry and academic scientists come together with engineers and business leaders to conduct joint research, nurture startup companies and transition prototype products to commercial stage $850,000 in WEDC grants leveraged toward $9.6 million total investment

22 MAXIMIZING GLOBAL OPPORTUNITIES

23 WEDC GLOBAL NETWORK Wisconsin has 16 authorized trade representatives covering a total of 79 countries around the world.

24 WEDC GLOBAL NETWORK

25 EXPORT ASSISTANCE ExporTech Training Delivered in collaboration with Wisconsin Manufacturing Extension Partnership and UW-Stout Manufacturing Outreach Center Global Business Development Grant Program Trade Ventures Global Trade Venture: China, Jan. 8-20, 2016 Global Trade Venture: Mexico, Feb , 2016 Global Trade Venture: Canada, March 13-18, 2016 Trade Mission to Germany, April 23-29, 2016 Global Trade Venture: South Korea, June 2016 Visit InWisconsin.com/exporting for more information

26 RESOURCES HELP BUSINESSES GROWN AND THRIVE

27 MINORITY BUSINESS RLF Our partnership with WEDC represents a historic moment of enhanced service to our community on an issue that often impedes business development access to capital. Dr. Eve Hall President/CEO African American Chamber of Commerce

28 MARKETPLACE 66 Exhibitors 650 Registrants Governor s Conference on Minority Business Development Largest and longest-running event of its kind Networking One-on-one meetings with buyers Workshops and training

29 FINANCIAL RESOURCES Business Opportunity Loan Fund Enterprise Zones Business Development Tax Credits Industrial Revenue Bonds Capacity Building Grants Workforce Training Grants Development Opportunity Zones

30 STATEWIDE COVERAGE

31 ATTRACTING NEW BUSINESSES TO WISCONSIN

32 FY14 BUSINESS ATTRACTION

33 CREATING THRIVING COMMUNITIES

34 MAIN STREET COMMUNITIES CUMULATIVE INVESTMENT ,168 NET JOBS CREATED 2,306 NET BUSINESSES OPENED $1.2B PRIVATE INVESTMENT $327.4M PUBLIC INVESTMENT

35 CONNECT COMMUNITIES IMPACT INVESTMENT (31 COMMUNITIES REPORTING) 565 NET JOBS CREATED 234 NET BUSINESSES OPENED $31.9M PUBLIC INVESTMENT $133M PRIVATE INVESTMENT

36 BROWNFIELD REDEVELOPMENT RESOURCES Site Assessment Grants Brownfield Grants Idle Site Grant

37 QUALITY OF PLACE Historic Tax Credits Community Development Investment Grant

38 MARKETING WISCONSIN S ECONOMIC ASSETS

39 MAKING THE CASE FOR BUSINESS IN WISCONSIN

40 CERTIFIED SITES Gets shovel-ready industrial properties on the radar of site selectors and developers Sites benefit from listing on WEDC website and comprehensive, proactive marketing strategy Westport 15 current Certified Sites

41 Thank You QUESTION & ANSWER

42 CONTACT Barb LaMue, CEcD, EDFP Vice President Business & Community Development (608)