Community Economic Development
Division of Extension
Local businesses and entrepreneurship play a pivotal role in economic well-being, security, and resiliency.
May 2022 — Welcome to the premiere of In Our Words podcast. The goal of this podcast is to see a more holistic view of African-American entrepreneurs in the state of Wisconsin. We seek to gain understanding of challenges faced and overcome by Black business owners, while also providing success stories and strategies implemented along […]
This section outlines ways to use your market analysis to support entrepreneurship in your downtown or business district. Entrepreneurship represents the capacity and willingness of an individual(s) to undertake a venture, with its risks, in an effort to achieve a profit. Entrepreneurship has always been important to downtowns and business districts, serving as a catalyst for business formation and its positive ripple-effect in the local economy.
Organizing business retention and expansion (BRE) activities is a common application of or prelude to market analysis findings. These activities include mobilizing a BRE team, identifying issues, and helping existing businesses expand or, if they are at risk of closing or relocating, stay open and stay downtown.
Summary August 2021 — In the final session on entrepreneurship, Tessa Conroy, Assistant Professor of Agricultural and Applied Economics at UW–Madison and Community Economic Development Specialist, discusses “how to build an entrepreneurial ecosystem”. Webinar Recording Additional Materials Entrepreneurship 101, Part 3, PowerPoint Explore Our Lunch-n-Learn Series
Summary August 2021 — In part two of a three-part series on entrepreneurship, Tessa Conroy, Assistant Professor of Agricultural and Applied Economics at UW–Madison and Community Economic Development Specialist, discusses the “what” of entrepreneurship in economic development. Webinar Recording Additional Materials Entrepreneurship 101, Part 2, PowerPoint Explore Our Lunch-n-Learn Series
Summary August 2021 — In part one of a three-part series on entrepreneurship, Tessa Conroy, Assistant Professor of Agricultural and Applied Economics at UW–Madison and Community Economic Development Specialist, discusses the “why” of entrepreneurship in economic development. Webinar Recording Additional Materials Entrepreneurship 101, Part 1, PowerPoint Explore Our Lunch-n-Learn Series
Nonemployer establishments, sole proprietorships and partnerships without any paid employees, are an important part of the country’s economy. As of 2018, they made up a large and quickly growing share of businesses in the United States at 77% of the total while the other 23% of establishments were employer businesses [1]. Given that nonemployer establishments are businesses without employees, they are predominantly independent contractors who work for themselves or small businesses operated only by the owner(s) or unpaid members of their family.
October 2018 — The importance of small business development and entrepreneurship to the future health of the economy is becoming more widely understood and accepted across Wisconsin. Wisconsin focused research (Conroy and Deller 2015a) has documented that nearly all of the net job growth (expansions minus contractions) comes from start-up businesses, which tend to be […]
EXECUTIVE SUMMARY July 2018 — Since the start of the Great Recession, the death rate of Wisconsin businesses with employees (i.e. employer businesses) has outpaced the startup rate. As a result, after almost three decades of growth, the number of businesses with employees in Wisconsin started to decline in 2007.New employer businesses are a critical […]
