MADISON, WI. SEPT. 12, 2018 – The Wisconsin Economic Development Corporation (WEDC),
in collaboration with Wisconsin Manufacturers & Commerce, Wisconsin Center for Manufacturing
& Productivity, Wisconsin Manufacturing Extension Partnership, and the state’s regional economic
development organizations is hosting five informational workshops throughout the state on supply
The Supplier Readiness Series will include information to help manufacturers respond to industrial
innovation trends that are impacting the industry, including updates to statewide resources
designed to help improve productivity, prepare for Industry 4.0 and establish a path for global
It's been almost 19 years since metro Milwaukee last registered an annual average employment high. In that period, we have gone through two national recessions -- one mild and one deep. At the present pace of growth, the metro area should reach a new all-time high in 2018, averaging an estimated 875,300, somewhat higher than the year 2000 average of 874,700.
Likewise, the metro area unemployment rate should reach a historical low. At the present pace, the local unemployment rate should average an estimated 3% in 2018, below the record 3.2% average rate posted in 1999. While the historical record only goes from 1990 to present for this series, a review of unrevised data from earlier years suggest that the annual rate has not been lower since sometime before 1970. >>Read more of this eNewsletter
The Wisconsin Policy Forum has released a new comprehensive study of charter school funding in Milwaukee. The Forum’s study: A Teachable Moment, understanding the complexities of charter school financing in Milwaukee, contains a wealth of data and insights into the growing independent charter school sector and how it interacts within the overall Milwaukee education landscape.
View several key takeaways that MMAC believes can help start a much-needed discussion on substantive policy changes needed to improve educational performance for all children in Milwaukee:
What does MMAC mean to your business? In addition to helping you network, strengthen your company and improve the business climate, we can also save you money!
By MMAC President Tim Sheehy
by MMAC President Tim Sheehy
As employers we want a region that is globally competitive, producing high-value jobs that sustain a vibrant quality of life for all. So, the dangers of a barbell economy are real. An economy weighted on one end with growing prosperity and on the other with growing disparity, is not one that will sustain its health or vibrancy.
The demand for talent is clear and present. The danger is the region’s working age population will grow at less than 1% over the next 20 years. Metro Milwaukee is experiencing unprecedented employment. Sixty-one percent of employers are projected to increase hiring according to our second quarter survey, and wage gains are at a 17-year high. On the flip side, 29% of the city’s residents (169,000) are living on incomes below $25,000.
MMAC affiliates play key role in redevelopment of Grand Theatre, Wisconsin Ave.
Milwaukee Tool is expanding again in Brookfield, with plans to build a $32 million R&D facility - a project expected to create 350 new jobs.
The company has purchased a 3.5-acre site near its current facility that will house an advanced manufacturing research and development facility and office space. The 114,500-square foot, multi-story building is expected to be completed by late 2019.The company plans to create 350 jobs at the facility over the next five years - primarily engineering and software positions with an annual average salary of $75,000.
The June 28 ceremonial groundbreaking for Foxconn's future 22-million-square-foot manufacturing and research campus included (from l to r): Governor Scott Walker, President Donald Trump, Foxconn Chairman Terry Gou, and House Speaker Paul Ryan in Mount Pleasant.
The team effort to win the project included the MMAC and Milwaukee 7 Economic Development Partnership (M7) together with key partners at state and federal levels. It is the largest economic development win in Wisconsin's history. The campus is expected to employ 13,000 workers, making Foxconn the largest private-sector employer in the state.
Also in this issue of the MMAC Insider eNewsletter:
Foxconn to Adopt World-Class Water Recycling Technology at Wisconn Valley Science and Technology Park
Leading-Edge Zero Liquid Discharge System Will Significantly Reduce Water Intake from Lake Michigan and Virtually Eliminate Industrial Discharge
Record number of construction-related firms make the list
JPMorgan Chase Pledges Additional $100,000 in Continued Support of the M7 Export Development Grant Program
To date, $383,000 in grant funds have been awarded to 80 local companies that report new export sales growth figures resulting from these efforts totaling $11.93 million
In a continuing effort to grow exports throughout the region, The Milwaukee 7 Regional Economic Development Partnership (M7) launched the Export Development Grant Program presented by JPMorgan Chase in November 2015. The highly-successful program provides financial assistance to small and medium enterprises, both new to export as well as experienced exporters, to enter into new or grow existing international markets. This week JPMorgan Chase announced that they are providing an additional $100,000 to the Milwaukee 7 to continue to benefit companies throughout the region.
Milwaukee County Executive’s Chris Abele and MMAC Partner with Microsoft to Expand Computer Science Learning in Local High Schools
Milwaukee, Wisconsin – More Milwaukee-area students will have the opportunity to learn computer science in the 2018-19 school year, thanks to Microsoft Corp., a personal donation from Milwaukee County Executive Chris Abele, and the Metropolitan Milwaukee Association of Commerce (MMAC).
County Executive Chris Abele is contributing $250,000, together with a matching commitment from Microsoft Philanthropies, to expand Microsoft’s Technology Education and Literacy in Schools (TEALS) program, which helps high schools build and grow sustainable computer science programs through partnerships between classroom teachers and technology industry volunteers.
By Steve Baas - Senior VP of Governmental Affairs, MMAC
For the first half of the year (and actually long before that) MMAC partnered with a coalition of business leaders and the state DNR on the EPA’s new proposed Ozone rules. In the late 2000s and the early 2010s, we worked with the EPA, DNR and local businesses to get our region out of the “non-attainment zone” classification for Ozone. If you are “non-attainment” it triggers growth restrictions and regulations on a region that limit economic competitiveness – especially in manufacturing – and add millions in additional utility costs. Because of the progress we made as a region in clean air, we achieved “attainment” status earlier this decade.
Near West Side Partners, Inc. (NWSP) was formed three years ago as part of an unprecedented public-private partnership to revitalize and sustain Milwaukee’s Near West Side as a thriving business and residential corridor. Led by five of Milwaukee’s most recognizable organizations – Aurora Health Care, Harley-Davidson, Marquette University, MillerCoors and Potawatomi Business Development Corporation – the partnership is working to celebrate and enhance this historic part of Milwaukee. Their efforts have included innovative programs to promote commercial corridor development, a nationally recognized public safety approach that has resulted in double-digit decreases in crime, new neighborhood identity and branding, and programs to promote better housing.
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.