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News & Press: WEDC Corner

WEDC Corner for November 2012

Monday, November 26, 2012   (0 Comments)
Posted by: Reed Hall
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Message from Reed E. Hall, Interim WEDC CEO and Secretary

Governor Walker recently appointed me to serve as the interim Chief Executive Officer and Secretary of the Wisconsin Economic Development Corporation (WEDC). My goal is to reinforce the good work done by the WEDC team in the areas of marketing, business development, community assistance, entrepreneur support and export growth. I will also help address issues relating to the transition from the old Wisconsin Department of Commerce to WEDC that require attention in order to fulfill WEDC's promise of operating as a world-class economic development organization.

As you've seen, WEDC has provided many innovation solutions to business development, and I am committed to the organization's operational objectives. I appreciate your support and cooperation in advancing WEDC's mission.

I invite you to contact me at 608-210-6700 with your ideas on how we can continue our partnerships to improve the economic climate in Wisconsin. Thank you.

Economic Modeling Specialists, Inc. Tool Deployed

WEDC has deployed Economic Modeling Specialists, Intl.'s (EMSI) Analyst with the nine Regional Planning Commissions (RPCs). The RPCs have been given access to the service and have the ability to provide standardized and customized reports for economic development partners. EMSI data is updated quarterly on industries, workforce and education, and analysis of industries can be done within a given region. Each region will have an approved protocol to follow for requesting customized reports.

EMSI's Analyst program is a web-based tool that puts in-depth, local employment data and analysis in the hands of the extended enterprise. It allows users to conduct input-output analysis to better understands the impacts of an industry's expansion or contraction, or simulate the effects that the event will have on other industries. EMSI is a great starting point for making clear data-driven decisions.

Connect Communities

WEDC has unveiled a new resource for downtowns and urban commercial districts called "Connect Communities.” Connect Communities is designed to offer technical assistance resources, create networking opportunities and connect local leaders to financial/technical assistance programs. The program is offered to communities that have an interest in revitalizing their downtowns/urban commercial districts.

Communities accepted to participate in the program must have an organization that focuses on downtown/urban commercial district issues, have certain IT capability, sign an agreement with WEDC, and make a commitment to majority of training opportunities. Up to 20 communities may be selected each year.

More information is available at http://inwisconsin.com/connectcommunities/, or 608-210-6840.

WEN Awarded 2012 Federal and State Technology (FAST) Partnership Grant

The Wisconsin Entrepreneurs' Network (WEN) was recently awarded a 2012 Federal and State Technology (FAST) grant from the Small Business Administration (SBA) to continue its work as the premiere provider of SBIR services in Wisconsin. In conjunction with the SBA's award and supported by matching funding from the WEDC, WEN will improve the competitiveness of Wisconsin small businesses in innovation R&D in acquiring federal SBIR/STTR grants.

Learn more about the SBIR program at http://www.wisconsinsbir.org/overview.cfm


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