SUPPORTING INDUSTRY, BUSINESS AND COMMUNITY GROWTH IN WISCONSIN Mark R. Hogan Secretary and CEO March 19, 2019 FEI of Northeast Wisconsin
MISSION To advance and maximize opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive environment.
STRATEGIC PARTNERS More than 600 local economic development partners
ACADEMIC EXCELLENCE 540,000 Wisconsin Students 85,000 Degrees per Year 26 16 24 4 Year UW Colleges UW-Extensions WTCS Campuses WAICU Campuses
ACADEMIC EXCELLENCE 16 WTCS Campuses Enrollment 308,000 Source: WTCS Fact Book 2016-2017 Data and Historical Trends
ACADEMIC EXCELLENCE Enrollment 57,000 24 WAICU Campuses 12 Located in the Milwaukee area Source: WAICU Facts, www.waicu.org
ACADEMIC EXCELLENCE 26 4 Year UW Colleges UW-Extensions Enrollment 175,000 Source: University of Wisconsin System 2016-2017 Fact Book
RESEARCH & DEVELOPMENT $ 1.5 BILLION INVESTMENT Source: National Sciences Foundation NCSES
2017 R&D IMPACT $1.19 billion in R&D expenditures Life Sciences 60% Federal Grants 48% #6 Ranking out of 900+ universities Significant contributors: Wisconsin Alumni Research Foundation UW Foundation A Powerful Economic Engine 360+ UW Madison related start-ups $11.5 million in state tax revenue $2.3 billion contribution to Wisconsin s economy
CATALYSTS OF ECONOMIC GROWTH Business Development Community and Economic Opportunity Operational and Fiscal Excellence Strategic Economic Competitiveness Brand Development and Management
BUSINESS DEVELOPMENT Helping companies start up, grow and reach new markets.
EARLY-STAGE BUSINESS INVESTMENT Since its launch, Fasetto has raised $8 million from Wisconsin investors it connected with through QNBV. 2017 CALENDAR YEAR IMPACT $504M Total impact of programs $43M QNBV Qualified Investment 54 New QNBV- Certified Companies 497 Companies assisted Entrepreneurship and Innovation Programs
INVESTMENT PORTFOLIO http://wedc.org/entrepreneurs/innovation-investment-portfolio/ Over 200 companies Approximately 1,500 jobs impacted Average salary over $71,000
COMMUNITY AND ECONOMIC OPPORTUNITY Celebrating shared spaces and common ground.
THRIVING COMMUNITIES FY18 REVITALIZING COMMUNITIES Idle Sites Redevelopment Program $4.3M 9 Communities INVESTING IN COMMUNITY ASSETS MAIN STREET PROGRAM 2,700 New Businesses $1.9B Public and Private Investment CONNECT COMMUNITIES 66 New Businesses 77 Net New Jobs $1B Public and Private Investment
PROMOTING MINORITY BUSINESS $4.5M total revolving loan funds generated from an original $700,000 WEDC investment Newly Designated Key Strategic Partners in FY18 African American Chamber of Commerce of Wisconsin American Indian Chamber of Commerce of Wisconsin Hispanic Chamber of Commerce of Wisconsin Hmong Wisconsin Chamber of Commerce Governor s Conference on Minority Business Development Welcoming minority, woman, and veteran-owned businesses 700+ Attendees 204 Small Business Academy participants 692 Buyer meetings with 50 organizations Skill development Networking Procurement
STRATEGIC ECONOMIC COMPETITIVENESS Fostering an environment of success for our industries and their supporting workforce.
INVESTING IN PARTNERS $4.3M awarded to Key Strategic Partners in FY18 $417,000 in Capacity Building Grants awarded to 8 organizations in FY18 $50K Grant $50K Grant A network of game studios, independent developers, faculty, investors, and regional economic development agencies with the shared mission of promoting Wisconsin as a premier site for game development and design in creating a Center of Excellence. The project is to start-up a child-care center in Ashland. The EverGrow Learning Center will be a large-scale childcare center currently being developed in Ashland. Planned childcare services include 100 enrollment spots for children ages birth to twelve, extended care hours, scheduled drop-in care, summer care, and before-and-after school programming.
EXPANDING WISCONSIN S TALENT POOL 2018 29 communities from every region of Wisconsin 200 events 19,000 attendees FAB LABS GRANT PROGRAM $1.6M invested in 43 school districts to date INSPIRE Online platform that connects local employers with their future workforce
ADVANCING KEY INDUSTRIES CENTERS OF EXCELLENCE Global Water Center Energy Innovation Center StartingBlock Forward BIO Initiative Wisconsin Center for Dairy Research Center of Excellence for Integrated Aerospace and Defense Technologies (planned)
INCREASING EXPORTS Wisconsin has 16 authorized trade representatives totaling 82 countries. ExporTech Global Business Development Grant Program Trade Ventures wedc.org/export/ Gamber Johnson, Stevens Point
BRAND DEVELOPMENT AND MANAGEMENT Telling Wisconsin s powerful story.
OPERATIONAL AND FISCAL EXCELLENCE Setting goals. Seeing results.
PERFORMANCE-BASED ECONOMIC DEVELOPMENT ~ Center for Regional Economic Competitiveness
FY2019 BUDGET $66.6 MILLION
MEASURABLE IMPACT FY18 WEDC and our partners
2018 PROJECTS
ACTIVITY COMPANY PROGRAM AWARD AMOUNT PROJECT COUNTY Manseau Flats Remediation Corp Brownfield $500K Brown DDL Holdings, LLC Brownfield 500K Brown Door County Economic Dev. Corp. Capacity Building 50K Door Oconto County Economic Dev. Corp. Capacity Building (2) 68k Oconto City of Kaukauna Community Dev. Invest. 235k Outagamie City of Oshkosh Community Dev. Invest. 250K Winnebago City of Brillion Community Dev. Invest. 250K Calumet City of Manawa Community Dev. Invest. 240K Waupaca City of Fond du Lac Community Dev. Invest. (2) 340k Fond du Lac City of Manitowoc Idle Sites Redev. 500K Manitowoc Town of Grand Chute Idle Sites Redev. 500K Outagamie City of Brillion Idle Sites Redev. 500K Calumet City of Kewaunee Site Assessment 150K Kewaunee Sheboygan County Economic Dev. Corp. Targeted Industry Project 45K Sheboygan The New North, Inc. Targeted Industry Project 36K Brown The New North, Inc. Key Strategic Partner (2) 170k Brown DDL Holdings, LLC Brownfield 500K Brown Door County Economic Dev. Corp. Capacity Building 50K Door
WISCONSIN GDP 3Q18 $ 339 BILLION Source: US BEA State GDP Data Tables
2018 WISCONSIN S TOP EXPORTS $ 22.7 BILLION
2018 WISCONSIN S TOP IMPORTS $ 31 BILLION
WISCONSIN 2018 COMBINED IMPORTS AND EXPORTS 1 Canada $11.9B Ireland $3.3B 4 2 China $9.8B 3 Mexico $6.4B 7 United Kingdom $1.4B Germany $2.8B 5 Japan $1.4B 6
RESULTS
A MODEL OF COLLABORATION
A MODEL OF COMMUNICATION Websites Newsletters Bid Alerts Information Sessions Monthly Status Meetings Job Fairs
STATEWIDE OUTREACH TO ENSURE OPPORTUNITY PARTICIPATION Over 6,000 registered for Wisconn Valley News 2,500+ attendees at Information Sessions for Contractors 375+ attendees at Small Business Capacity Building sessions 700+ attendees at Supplier Readiness Sessions
A WISCONSIN FIRST APPROACH Business and Workforce Inclusion Goals Identical for Private and Public Infrastructure Construction
FOXCONN IN WISCONSIN CONTRACTORS AND SUBCONTRACTORS
PUBLIC INFRASTRUCTURE WORKFORCE PARTICIPATION
SUPPLY CHAIN MARKETPLACE wisupplychainmarketplace.com Over 2,000 profiles 45+ categories RFP postings with email alerts Newsletter updates
ADDITIONAL FOXCONN INITIATIVES Green Bay Milwaukee Eau Claire Racine
FOXCONN WISCONSIN COMMITTMENT UW-Milwaukee International Engineering Co-Op Program An opportunity for UWM engineering students to study in Taiwan and work at a Foxconn facility Smart Cities Smart Futures Competition $1 million to students, faculty and staff at Wisconsin s universities, colleges and technical schools to develop smart proposals to improve and enhance Wisconsin s way of life Foxconn-Advocate Aurora Health Comprehensive Health Collaboration Technology innovations and integration to drive health care of the future and improve outcomes while lowering costs for individuals and employers UW-Madison Partnership $100 million gift to engineering and innovation research at the UW-Madison, creation of the Foxconn Institute for Research in Science and Technology (FIRST) Wisconn Valley Venture Capital Fund $100 million venture fund created by Aurora Advocate Health, Foxconn, Johnson Controls, and Northwestern Mutual to drive innovation in Wisconsin Wisconsin Ginseng Foxconn plans to partner with Wisconsin organizations to promote ginseng
To see what makes Wisconsin a great state for business, personal and professional fulfillment visit inwisconsin.com For more information on programs and available resources visit wedc.org