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News & Press: WEDC Corner

July 2015: WEDC Update

Saturday, July 25, 2015   (0 Comments)
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WEDC Launches Online Network for Economic Development Collaboration

In an effort to foster more collaboration between economic development partners across the state, the Wisconsin Economic Development Corporation (WECD) has launched the In Force Network, a high-performing and collaborative economic development network built on the Salesforce platform.

Interactions with many of the 650 partners across the state—economic development, workforce development and business assistance organizations, as well as technical colleges—made it clear that there was great opportunity to reduce misalignment and duplication and to better serve the citizens and companies of Wisconsin.

The In Force Network was built to give Wisconsin a competitive advantage for business retention, expansion and attraction, as well as job placement. This tool enables forecasting Wisconsin’s business, workforce and educational needs collectively online, and it connects economic and workforce development partners in a way no other state has yet tried.

This responsive, secure and accountable economic development network has integrated with the workforce Skills Wisconsin and WEDC Salesforce networks enabling Wisconsin to have a competitive advantage for business retention, expansion, attraction and job placement. The Skills Wisconsin platform is used by all 11 Workforce Development Boards and their partners throughout the state.

The In Force Network, Skills Wisconsin and WEDC platforms connect economic and workforce development partners in a way no other state has yet tried, allowing for real-time statewide collaboration.  Also engaged in these efforts is the Wisconsin Technical College system to further improve on our ability to react and serve.

The network also provides those key organizations with the ability to collaborate on workforce and economic engagement with businesses, enabling those groups to better understand and react to their needs without duplicating or replicating efforts and resources.

Economic development organizations seeking more information about the In Force Network or who would like to join can visit InWisconsin.com/inside-wedc/in-force or contact Sharon Berge at
sharon.berge@wedc.org.


Dane County Technology Park Earns Certified in Wisconsin Designation

The North Mendota Energy and Technology Park in Dane County has been designated as a Certified In Wisconsin® development-ready site by WEDC.

The 57-acre site, about 10 minutes north of Madison in the Town of Westport, is being developed by Ruedebusch Development. It is the state’s 14th certified site, which means it has been approved by WEDC as meeting certain development criteria and is ready for development.

Another Ruedebusch development, the Fitchburg Technology Park, was selected as one of the first Certified in Wisconsin sites in 2012. That office park will soon be home to a $30 million manufacturing facility being constructed by Promega Corp., a major Madison-area biotechnology company.

The Certified In Wisconsin Program, which was launched by WEDC in 2012, provides a potential tenant with all the information needed to make a quick decision about whether that site is right for their needs, such as utility and transportation infrastructure, environmental assessments, quality of labor force and much more.

WEDC is utilizing Deloitte Consulting to help evaluate sites that are determined ready for development and meet certification requirements. WEDC will market the certified site through the Locate in Wisconsin website, LocateInWisconsin.com.

For more information on the Certified in Wisconsin Program, visit the WEDC website.


Milwaukee Receives $1 Million Grant for Water Technology Business Park

The City of Milwaukee has been awarded a $1 million state grant for the development of Reed Street Yards, a water technology business park now under construction adjacent to the Global Water Center.

WEDC also has agreed to provide up to $2 million in state tax credits to Rexnord Corp. to support the company’s relocation of its Zurn Industries subsidiary to Reed Street Yards. The relocation is expected to create 120 new jobs.

The WEDC grant to the city will be used to help fund environmental site work and geotechnical activities on the 17-acre site in the Menomonee Valley. Once completed, Reed Street Yards, located in Milwaukee’s Walker’s Point neighborhood, will be home to a mixed-use urban office, educational, research and technology complex that will focus on the international water industry.

On the south bank of the Menomonee River, Reed Street Yards is expected to ultimately house more than 1 million square feet of space and will join the Global Water Center as the physical hub of an international water technology cluster. Developer Peter Moede and General Capital Group will begin construction later this year on a four-story, 80,000-square-foot multiuse building called Water Tech One. The $20 million building, which has been designed with uncompromising attention to sustainability and cutting edge water, energy and technology features, is expected to be completed in 2016.  

Rexnord Corp. is relocating Zurn Industries to a 52,000-square-foot standalone office building in Reed Street Yards. Construction on that building is expected to begin this year. WEDC has authorized the company to receive up to $2 million in tax credits. The actual amount of credits the company will earn is contingent upon the company meeting specific job creation and wage requirements.


WEDC Assists Kapco with Grafton Expansion Project in Ozaukee County

WEDC is providing Kapco Inc. with up to $500,000 in tax credits to support the company’s expansion in Grafton–a project expected to create 100 jobs.

Kapco, a metal stamping and fabrications company, is nearing completion on a 77,000-square-foot addition that will enable the company to accommodate future growth. The $7 million project in Ozaukee County will allow the company to increase its manufacturing space and add more equipment, which Kapco projects will results in millions of dollars in new business.

Once construction is completed in August, Kapco will have about 600,000 square feet of space in seven facilities in Wisconsin.


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