DIVISION OF BUSINESS & INDUSTRY DEVELOPMENT. BID MISSION STATEMENT Leveraging industry leadership to accelerate growth and high quality jobs by advancing.

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Presentation transcript:

DIVISION OF BUSINESS & INDUSTRY DEVELOPMENT

BID MISSION STATEMENT Leveraging industry leadership to accelerate growth and high quality jobs by advancing public/private partnerships for targeted, high impact initiatives in Wisconsin.

WHAT WE DO Portfolio Investment Strategic Investment Targeted Industry Tipping Point Investment Minority Business Development Consortia Development Research

WEDC ORGANIZATION Board of Directors CEO & Secretary’s Office Finance & Administration Entrepreneurship & Innovation Business & Industry Development Economic & Community Development International Development Marketing R&D & investment capital Effective entrepreneurship support network Advance targeted, high- growth business consortia and industry sectors Enable high performing economic development network Invests in high quality job creation and attraction opportunities Increase Wisconsin exports Increase foreign investment Expand export capacity Promote Wisconsin as a business- friendly location Advance business- growth-supporting policies Provide WEDC with the tools, technology, and support to meet strategic goals and operational advantage

WORKFORCE DEVELOPMENT WEDCDWDWTCS UW System WDB WIB EDO

Engage 25 High-value opportunities Advance 7 Priority Investments Assist 200 Unique WI businesses via targeted industry support Achieve 3:1 minimum overall investment leverage ratio Promote Workforce development and alignment GOALS

Industry-Led High Job Creation High Economic Impact Sustainable High Return Low Managed Risk GENERAL QUALIFYING CRITERIA FOR INVESTMENT

Aggregate Impact (State, Region, Local) Percent of State Employment Geographic Distribution and Density (Location Quotient) Sector Growth Momentum Percent of State GDP Driver Industry/Connectivity to other sectors Confers Unique Competitive Advantage/Competitive Urgency ENGAGEMENT CRITERIA

Discrete organization, single identity Core leadership Specific roles, titles, and responsibilities Formal charter Strategic plan Operating plan for at least the current fiscal/calendar year Key priorities Currently available funding Future or pending funding, what and when Formal partnerships SPECIFIC INVESTMENT CRITERIA

OFFENSIVE INVESTMENT

ACTIVE COMMUNICATIONS

DIRECTED RESEARCH

INDUSTRY POSITIONING

CONSORTIA ENGAGEMENT

INDUSTRY SHARED DEVELOPMENT InvestPlanPartner Partner = Collaborate Plan = Strategy Invest = Shared Resources

EDO PARTNERS

STRATEGIC PARTNERS

SPECIAL PROJECTS

SECTOR MANAGER ASSIGNMENTS Gail MacAskill Healthcare and Biomedical Technology / Leisure and Recreation, Aerospace, Information Technology & Creative Innovation (608)

BID CONTACT INFORMATION Lee Swindall Vice President, Business & Industry (608) Bob Pope Research Analyst (608)

QUESTION & ANSWER Thank You