DRIVINGBUSINESSSUCCESSIN WISCONSIN

TRANSFORMING ECONOMIC DEVELOPMENT

STRATEGIC FOUNDATION

DEPARTMENT OFCOMMERCE

WEDC

RegulationsLicensingHousing

Bold New Economic

Development Initiatives

Financial Assistance

DOING BUSINESS LIKE A BUSINESS

ALIGNING RESOURCES WITH NEEDS

WEDC

Division of Economic and Community

Development

Division of Entrepreneurship and Innovation

Division of Business and Industry Development

Division of International Business Development

Prospering Businesses

Entrepreneurial Spirit

Specialized Industry Leadership

Global Outlook

> > > >

EXTENDED ENTERPRISE

ENHANCED CAPABILITIES

Tools• ConnectEd

• Site Selection and Economic Development Modeling

• LocateInWisconsin.com

• Certified In Wisconsin

TrainingInitiatives• Revolving Loan Funds

• Project Apollo

• Salesforce

WEDC FY12 IMPACT

ECONOMIC DEVELOPMENT IMPACT

RECIPIENT WEDC EXTENDED ENTERPRISE

WEDC EXTENDED ENTERPRISE

Businesses 218 97 423 911

Communities 65 -- 35 --

Financial Assistance Technical Assistance

JOBS

= 100 jobs

23,759 A total of 23,759 jobs in Wisconsin are anticipated to be impacted directly by investments made by WEDC in FY12.

INVESTING IN WISCONSIN

DIRECT FINANCIAL ASSISTANCE

Business retention and expansion grants and loansTechnology development loansWorkforce training grantsTax credits• Job Creation and Retention

• Capital Investment

• Employee Training

Early-stage business investment tax credits

LEVERAGE

GRANT AND LOANS

170 awarded

TAX CREDITS

90 awarded

BOND ALLOCATION

27 awarded

Total Number of Awards

287 awarded

Amount

$56.2 million

Amount

$98.8 million

Amount

$346.4 million

Total Amount

$501.4 million

Co-Investment Leverage

10.1:1Co-Investment Leverage

8.9:1Co-Investment Leverage

1.9:1Total Co-Investment Leverage

4.1:1

WIN-WIN

WEDC exceeded our expectations, despite a very demanding internal timeline. We respect and accept our accountability to provide the evidence we are doing what we said we would do to earn the financial incentives awarded to Bostik for our site consolidation project…. We believe this is a win/win for Bostik and Wisconsin!

— Robert L. Marquette, President and Chief Executive Officer

Bostik

CREATING A MULTIPLIER EFFECT

PARTNERS

INDUSTRY SECTORS

Leveraging industry leadership to accelerate growth and high-quality jobs by advancing high-impact initiatives in WisconsinEngagement decisions driven by “efficiency” and “effectiveness”Sector partners must exhibit:• High organizational maturity

• Strong stable leadership

• Stable financial position with strong industry support

• Sustainable and scalable business model

Customized solutions• Immediate and recurring positive impact

• Create or strengthen a unique competitive advantage for Wisconsin

• Attract co-investment funds at a ratio of 3:1

WATER COUNCIL

Public-private collaboration to solidify helps solidify Wisconsin’s status as a world leader in water technology advancements.

International Water Technology Center

MINORITY BUSINESS DEVELOPMENT

Established revolving loan funds:• American Indian chamber of Commerce

• Hmong Chamber of Commerce

Working to establish similar programs with:• African American Chamber of Commerce

• Hispanic Chamber of Commerce

Each chamber provides matching fundsMinority business coalition formed to build collaboration among participants with similar challenges

ENCOURAGING ENTREPRENEURISM

ENTREPRENEURIAL ECOSYSTEM

QUALIFIED NEW BUSINESS VENTURES

Qualified Angel Investments

$26.5 million

With $6.6 million in angel credits claimed, $26.5 million in qualified angel investments was achieved in calendar year 2011.

Venture Fund Investments

$18.5 million

With $4.6 million in venture fund credits claimed, $18.5 million in qualified investments was achieved in calendar year 2011.

Biotech

Health Tech

IT

Nanotech

Energy

Other

40%

7%38%

< 1%< 1%

14%

SEED INVESTMENTS

VETransfer

VictorySpark

Innovation Foundation of Western Wisconsin

TAPPING GLOBAL MARKETS

GLOBAL NETWORK

The Americas

Canada

Mexico

Chile

Brazil

Western Europe

United Kingdom

France

The Netherlands

Belgium

Luxembourg

Germany

Eastern Europe

Poland

Czech Republic

Ukraine

Russia

India, Middle East, Africa

India

United Arab Emirates

Saudi Arabia

Kuwait

Bahrain

Qatar

Oman

South Africa

Botswana

Mauritius

Malawi

Namibia

Lesotho

Swaziland

Mozambique

Tanzania

Zambia

Asia/Pacific

China

South Korea

Indonesia

Australia

New Zealand

EXPORT ASSISTANCE

ExporTech™ Training• Delivered in collaboration with Wisconsin Manufacturing Extension Partnership

(WMEP) and Northwest Wisconsin Manufacturing Outreach Center (NWMOC)

• 29 participating companies in FY12

• $500,000 in average savings and sales increases within nine months of program completion

Global Business Development Grant Program• $124,800 in grants to 19 Wisconsin companies in FY12 for export training and

market expansion

FOREIGN DIRECT INVESTMENT

Dedicated foreign direct investment managerWisconsin’s most concentrated effort to attract foreign capital• Organized and hosted PiYi investors from China in September 2012

• Of the 100 investment opportunities presented in 4 states, 25 companies were shortlisted for further negotiations. Nine of these were from Wisconsin!

PROMOTING THE STATE’S BUSINESS CLIMATE

TELLING OUR STORY

CHANGING PERCEPTIONS

Best/Worst States for Business/Careers

America’s Top States for Business

Index ofEntrepreneurial Activity

Best/Worst States for Business