Advancing Our Industry Value Proposition #ICCA12 WEDNESDAY 23/10/2012
DIVISION OF BUSINESS & INDUSTRY DEVELOPMENT. BID MISSION STATEMENT Leveraging industry leadership to...
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Transcript of DIVISION OF BUSINESS & INDUSTRY DEVELOPMENT. BID MISSION STATEMENT Leveraging industry leadership to...
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DIVISION OFBUSINESS & INDUSTRY
DEVELOPMENT
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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.
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WHAT WE DO
Portfolio Investment
Strategic
Investment
Targeted
Industry
Tipping Point
Investment
Minority Business
Development
Consortia
DevelopmentResearch
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WEDC ORGANIZATION
Board of DirectorsCEO &
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
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WORKFORCE DEVELOPMENT
WEDC DWD WTCSUW
System
WDB
WIB
EDO
Workforce
Development
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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
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Industry-LedHigh Job CreationHigh Economic Impact
SustainableHigh ReturnLow Managed Risk
GENERAL QUALIFYING CRITERIA FOR INVESTMENT
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Aggregate 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
ENGAGEMENT CRITERIA
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Discrete organization,single identityCore leadership• Specific roles, titles, and
responsibilities
Formal charterStrategic planOperating plan for at least the current fiscal/calendar year
Key prioritiesCurrently available fundingFuture or pending funding, what and whenFormal partnerships
SPECIFIC INVESTMENT CRITERIA
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OFFENSIVE INVESTMENT
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ACTIVE COMMUNICATIONS
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DIRECTED RESEARCH
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INDUSTRY POSITIONING
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INDUSTRY POSITIONING
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CONSORTIA ENGAGEMENT
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INDUSTRY SHARED DEVELOPMENT
Invest
Plan
Partner
Partner = Collaborate
Plan = Strategy
Invest = Shared Resources
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EDO PARTNERS
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STRATEGIC PARTNERS
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SPECIAL PROJECTS
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SECTOR MANAGER ASSIGNMENTS
Gail MacAskillHealthcare and Biomedical Technology / Leisure and Recreation, Aerospace, Information Technology & Creative Innovation
(608) [email protected]
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BID CONTACT INFORMATION
Lee SwindallVice President, Business & Industry(608) [email protected]
Bob PopeResearch Analyst(608) [email protected]
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QUESTION & ANSWERThank You