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2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Magazine Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

Assessing a Location’s Workforce

Keith Gendreau, Consulting Manager, Global Consulting Group, Cushman & Wakefield (Workforce Q1 2015)
Every labor market is unique. Evaluating a region’s labor suitability for a new or expanding operation should consider many factors beyond population size and unemployment rates. Understanding the interconnectivity of topics pertaining to competitive demand, pay practices, attrition, applicant flow/quality, geographic site positioning, union activity, benefit offerings, and training resources is important and will better inform a location commitment decision. More

Regional Report: Advanced Industry Clusters Fueling Growth in the Midwest States

Mark Crawford (Directory 2015)
Economic growth in the Midwest was steady in 2014, thanks to solid performances by the agriculture and manufacturing sectors, especially transportation equipment. The economy also got a boost from the surging energy sector, led by oil-shale production in Ohio, which improved sales for supporting industries like sand, chemicals, and steel drill pipe made in Midwestern steel plants. More

Water: The New Blue Economy?

Dale D. Buss, Staff Editor,  (Directory 2015)
As companies plan for the future, water keeps pushing itself onto their agendas like an incessant tide. Water resources clearly are rising in significance in many site location decisions, and industry participants expect ‘water pressure’ to keep climbing. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

Leading Locations for 2014: The MSAs with Strongest Prime Work Force Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
A yawning gap has developed between millions of potentially available workers and the increasingly sophisticated skills they would require to qualify for today’s generally tech-oriented jobs. More

The Regional Impact of Quality of Life on Entrepreneurial Decisions

Dan White, Senior Economist, Moody's Analytics (Q2 2014)
One of the most often cited reasons for the location of a new business is quality of life, yet it is one of the areas policymakers most often overlook. More

Leading Locations for 2014 Commentary: Much Depends on Company’s Industry & Life Cycle

Eric Stavriotis, Senior Vice President, CBRE, Inc. (Q2 2014)
A quick review of the 2014 Leading Locations research confirms what we have been seeing from our clients and the markets overall: Companies with a preponderance of technology workers are thirsty for more talent, and the needs of these companies can vary significantly based on their industry and life cycle. More

WISCONSIN at a glance

POPULATION: 5,711,000

LABOR FORCE: 3,072,000

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Manufacturing, agriculture, forestry, tourism

EXPANDING INDUSTRIES: Trade, finance, biotechnology, high-technology manufacturing, healthcare

COLLEGE GRADUATES: (Age 25 and over) 25.8%

BASIC BUSINESS TAXES:
Single-factor tax treatment
Corporate Income Tax: 7.9 percent of net income

Sales and Use Tax: 5 percent of gross receipts from sales, leasing, or renting tangible personal property and certain services, with exemptions

Property Tax: Rates vary by taxing jurisdiction (towns, villages, cities, counties, school districts, and special districts); nonmanufacturing assessments are done at the local level at some percentage of market value; taxes are levied within taxing jurisdictions using the local assessment; property tax exemptions are offered for manufacturing machinery, equipment, inventories, machinery used exclusively for R&D, computers, and computer equipment; a sales tax exemption for equipment and energy used in the manufacturing process

BUSINESS INCENTIVES:
Brownfields Initiative

Community Development Block Grant programs

Economic Development Tax Credit Programs

Industrial revenue bonds

Downtown development

Direct loans

Training grants

Technology Development Loan

Angel and Early-Stage Seed Investment Tax Credit program

Global Business Development grants

Principal Manufacturing industries

  • Fabricated Metal Products
    15.6%
  • Machinery (Except Electrical)
    14.2%
  • Food Products
    13.7%
  • Paper and Allied Products
    7.0%
  • Printing, Publishing, & Allied Industries
    6.6%
  • Plastics & Rubber
    6.4%
  • Transportation Equipment
    5.7%
  • Electrical Machinery
    4.9%
  • Computer & Electrical Products
    4.6%
  • Other Manufacturing Industries
    21.3%
Source: QCEW Employees EMSI 2014.3 Class of Worker