MMAC today released its analysis of the projected impact to Wisconsin’s gross domestic product (GDP) from the incentive package tied to Foxconn’s capital investment and job creation. GDP is the best measure of the value added to the economy. The analysis is based on the state’s tax credit agreement executed with Foxconn on November 10, 2017.
The Milwaukee 7 Economic Development Partnership has announced the first round of loans to be awarded from its new Venture Capital Fund. The $1 million fund – supported with a $500,000 grant from the Wisconsin Economic Development Corporation’s Capital Catalyst Program that is matched by the Milwaukee Economic Development Corp. – provides loans and grants to early and growth stage companies. The fund targets seed-stage ventures in advanced manufacturing and other technology sectors, including graduates of local accelerator programs such as The BREW, WERCBench Labs, FaBCAP and Gener8tor.
The fund provides additional capital to emerging companies and second-stage start-ups in southeast Wisconsin for activities leading to investment readiness or revenue generation. The capital is intended to help companies achieve measurable business development milestones, such as feasibility assessments, product development and market validation... >>READ MORE
...Walker can be an ally to the business groups' cause but “the regulatory process is different from the political process,” said Steve Baas, MMAC's senior vice president of governmental affairs and public policy. MMAC is convening a meeting of business representatives and economic development officials ... >>READ MORE
The Milwaukee 7 Export Development Grant Program presented by JP Morgan Chase, now in its second year, has awarded just over $200,000 in funding to 53 companies throughout SE Wisconsin, including seven woman-owned and one minority-owned businesses.
Company planning $242 million production plant