Manufacturers lead list with 12 winners, affirming region’s strength
MILWAUKEE -- The Metropolitan Milwaukee Association of Commerce (MMAC) and its Council of Small Business Executives (COSBE) have announced the 2019 Future 50 awards winners. Each year since 1988, the Future 50 awards have recognized 50 of the fastest-growing companies in the seven-county Milwaukee Region.
Twelve of the 50 firms on this year’s list are manufacturers, providing yet another indication of the Milwaukee Region’s continued strength in manufacturing. The construction industry also was well-represented with 10 winners, while 8 business/professional services firms made the 2019 list.
M7 Export Development Grant Program to continue helping Southeastern Wisconsin companies enter international markets
Since its launch in November 2015, the Export Development Grant Program has grown regional exports by providing financial assistance to small and medium-sized enterprises in the seven-county Southeastern Wisconsin region to enter new international markets.
By MMAC Senior Vice President, Governmental Affairs Steve Baas
One of the keys to having a competitive climate for economic development is a regulatory climate that creates consistency, certainty and efficiency. Currently, city codes do a good job at this, with the Common Council creating broad development parameters and the City Planning Commission (CPC) reviewing project specifics to ensure that they adhere to the standards set by the Council.
A newly proposed ordinance moving forward in City Hall would add unnecessary new layers to this process by empowering the Common Council to conduct its own review and approval of project specifics.
By MMAC President Tim Sheehy
MMAC encourages students to apply for $5,000 Holloway scholarships
MMAC President Tim Sheehy
Yesterday you may have seen a number of news reports related to the Foxconn development, including: “Foxconn Reconsidering Plans to make LCD panels in Wisconsin.” This and other headlines related to Foxconn's plans understandably caught a lot of attention. As reported, some comments made by Louis Woo, Special Assistant to Foxconn Chairman Terry Gou, looked like a sharp deviation from what had been expected: “In terms of T.V., we have no place in the U.S., we can’t compete...”
Louis has communicated with me and stated in subsequent news reports that Foxconn has not shelved its commitment to invest in Wisconsin. He did note that due to the dynamics of their industry, the company is considering which thin-film-transistor technology to build in Wisconsin.
One answer to the shortage of computer science workers and instructors may be getting both students and teachers up to speed earlier in the process. That's the idea behind a 10-year-old Microsoft program called TEALS, which is now in 34 Wisconsin schools. (Photo: Raimond Spekking / Wikimedia Commons)
See that phone in your hand? Someone wrote the code that lets you use it to post to Instagram or Twitter or tell a Snapchat story. Someone wrote the code that allows you to text or share photos or recipes.
Problem is, right now we don’t have enough of those someones.
In a widely cited statistic, there are expected to be 1.4 million computer science jobs open in the U.S. by 2020 but only 400,000 computer science grads with the skills to do them. In Wisconsin alone, there were recently 7,000 open computing jobs, according to Code.org, which advocates for more computer science training.
That yawning skills gap could mean fewer innovations down the road — or that the next big thing gets developed elsewhere. And it could mean millions of dollars of lost economic activity.
“65% of the jobs our children will apply for don’t exist today”
- Becky Frankiewicz
President of ManpowerGroup N.A.
This issue of Milwaukee Commerce looks into the future make-up of the region’s economy. Disruptive technologies, shifting demographics and new business models all converge to cloud that picture. Living with change seems to be the only place to live.
>>View Milwaukee Commerce winter edtion
The exponential rate of innovation is disrupting entire industries and creating new ones. Technological advancements are outpacing our individual abilities to adapt. That's why this is an ideal time for a company like Foxconn to come to our region.
I had the good fortune to spend time with hundreds of Wisconsin companies in 2018. One of my key takeaways from those experiences is that while we all know that technological innovations are changing the world, we don’t necessarily grasp how fast it is happening.
The company will invest $56 million in a new best-in-class engineering and manufacturing facility to serve as the focal point for most of its business development and production activities.
The facility, expected to open in 2020, will house the design, test and manufacturing facilities for naval and marine power distribution, power conversion, motor controls, drives and automation/control equipment for the U.S. Navy, commercial and international customers.
In an interview with the Milwaukee BizTimes, MMAC president Tim Sheehy said the Milwaukee 7 economic development partnership exhausted all possibilities for the company in Milwaukee before considering other options. The company also was exploring options outside Wisconsin.
>>View full edition from December 13, 2019 MMAC Insider
MMAC SCHOOL QUALITY MAP USES NEW REPORT CARD SCORES TO SHINE LIGHT ON MILWAUKEE COUNTY EDUCATION LANDSCAPE
“This web-based tool provides parents and policymakers alike an interactive way to easily identify and quantify quality education options throughout the metro area,” said MMAC President Tim Sheehy.
“Be the Spark” – a program designed to introduce 7th grade MPS students to careers – kicks off 5th year on October 10 at Mitchell Airport
Earlier this month, business and community leaders gathered for MMAC's annual Milwaukee Night in Washington reception on Capitol Hill. Attendees included U.S. House Speaker Paul Ryan (R-Janesville), U.S. Rep. Gwen Moore (D-Milwaukee), U.S. Rep. Glenn Grothman (R-West Bend) and U.S. Rep. Mark Pocan (D-Madison).
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
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:
- Health Insurance and so much more!
- Could your company be leaving free money on the table?
- Save money on supplies you're already purchasing
A democracy functions best when its participants have good information. The heart of good policy is an honest, respectful and direct exchange of ideas.
A big part of MMAC’s value proposition is providing our elected representatives at the local, state and federal levels with good information — information that is transparent, accountable and fair. Legislative leaders, policy makers and their respective staff are more capable decision makers when they are informed.