Wedc all staff ppt bid v 6 0 dj 6 6-12Presentation Transcript
Division of Business &Industry Development
WEDC Mission Statement As the State of Wisconsin’s lead economic development organization, the Wisconsin Economic Development Corporation (WEDC) nurtures business growth and job creation in Wisconsin by providing resources, technicalsupport, and financial assistance to companies, partners and the communities they serve.
WEDC Organization Board of CEO & Directors Secretary’s Office Business & Economic & Finance & Entrepreneurship International Industry Community MarketingAdministration & Innovation Development Development Development• Provide WEDC • R&D & investment • Advance • Enable high • Increase • Promote with the tools, capital targeted, high- performing economic Wisconsin Wisconsin as a technology, and growth development network exports business-friendly support to meet • Effective business location strategic goals entrepreneurship consortia and • Invests in high quality • Increase foreign and operational support network industry job creation and investment • Advance advantage sectors attraction business-growth- opportunities • Expand export supporting capacity policies
Business & Industry Development Mission Statement Leveraging industry leadership toaccelerate growth and high quality jobs by advancing targeted, high impact initiatives in Wisconsin.
GoalsEngage: 25 High-value opportunitiesAdvance: 7 Priority InvestmentsAssist: 200 Unique WI businesses via targeted industry supportAchieve: 3:1 minimum overall investment leverage ratioPromote: Workforce development and alignment
General Qualifying Criteria for InvestmentIndustry-Led SustainableHigh Job High ReturnCreationHigh Economic Low ManagedImpact Risk
Engagement CriteriaAggregate Impact (State, Region, Local)Percent of State EmploymentGeographic Distribution and Density (Location Quotient)Sector Growth MomentumPercent of State GDPDriver Industry/Connectivity to other sectorsConfers Unique Competitive Advantage / Competitive Urgency
Specific Investment CriteriaDiscrete organization, single Key priorities identity Currently available fundingCore leadership: specific roles, titles, and Future or pending funding, responsibilities what and whenFormal charter Formal partnershipsStrategic plan Operating plan for at least the current fiscal/calendar year