division of business & industry development. bid mission statement leveraging industry...
TRANSCRIPT
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) [email protected]
BID CONTACT INFORMATION
Lee SwindallVice President, Business & Industry(608) [email protected]
Bob PopeResearch Analyst(608) [email protected]
QUESTION & ANSWERThank You