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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 on theme: "DIVISION OF BUSINESS & INDUSTRY DEVELOPMENT. BID MISSION STATEMENT Leveraging industry leadership to accelerate growth and high quality jobs by advancing."— Presentation transcript:

1 DIVISION OF BUSINESS & INDUSTRY DEVELOPMENT

2 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.

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

4 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

5 WORKFORCE DEVELOPMENT WEDCDWDWTCS UW System WDB WIB EDO

6 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

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

8 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

9 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

10 OFFENSIVE INVESTMENT

11 ACTIVE COMMUNICATIONS

12 DIRECTED RESEARCH

13 INDUSTRY POSITIONING

14

15 CONSORTIA ENGAGEMENT

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

17 EDO PARTNERS

18 STRATEGIC PARTNERS

19 SPECIAL PROJECTS

20 SECTOR MANAGER ASSIGNMENTS Gail MacAskill Healthcare and Biomedical Technology / Leisure and Recreation, Aerospace, Information Technology & Creative Innovation (608) 210-6844 gail.macaskill@wedc.org

21 BID CONTACT INFORMATION Lee Swindall Vice President, Business & Industry (608) 210-6700 lee.swindall@wedc.org Bob Pope Research Analyst (608) 210-6849 bob.pope@wedc.org

22 QUESTION & ANSWER Thank You


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