division of business & industry development. bid mission statement leveraging industry...

DIVISION OFBUSINESS & 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

DevelopmentResearch

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

WORKFORCE DEVELOPMENT

WEDC DWD WTCSUW

System

WDB

WIB

EDO

Workforce

Development

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-LedHigh Job CreationHigh Economic Impact

SustainableHigh ReturnLow Managed Risk

GENERAL QUALIFYING CRITERIA FOR INVESTMENT

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

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

OFFENSIVE INVESTMENT

ACTIVE COMMUNICATIONS

DIRECTED RESEARCH

INDUSTRY POSITIONING

INDUSTRY POSITIONING

CONSORTIA ENGAGEMENT

INDUSTRY SHARED DEVELOPMENT

Invest

Plan

Partner

Partner = Collaborate

Plan = Strategy

Invest = Shared Resources

EDO PARTNERS

STRATEGIC PARTNERS

SPECIAL PROJECTS

SECTOR MANAGER ASSIGNMENTS

Gail MacAskillHealthcare and Biomedical Technology / Leisure and Recreation, Aerospace, Information Technology & Creative Innovation

(608) 210-6844gail.macaskill@wedc.org

BID CONTACT INFORMATION

Lee SwindallVice President, Business & Industry(608) 210-6700lee.swindall@wedc.org

Bob PopeResearch Analyst(608) 210-6849bob.pope@wedc.org

QUESTION & ANSWERThank You