One long-held strategy to foster economic growth and development is to recapture tax dollars that flow to higher units of government. Paying taxes to higher units of government, such as the state and/or federal government, is a leakage from the local economy. In a sense, these leakages are akin to a local business buying inputs from vendors outside of the community or local residents shopping outside of the community. While many communities strike to close these leakages by encouraging firms and shoppers to buy locally, such an approach does not apply to state and federal taxes. Rather, communities often strive to have those dollars returned to the community through local state and federal government spending.
Building on the data sources described in Part 1, this session explores how to use data once you have extracted it. Real-world examples will be shared to demonstrate how data can be used in applications related to commuting patterns, retail surplus and leakage, workforce development, housing analysis, and industry expansion and retention.
This session provides an overview of data sources to help guide community economic development efforts at the local and regional levels. Topics covered include labor force characteristics, demographics, measures of industrial concentration, sales tax collections, and housing data options.
Using the latest research and data, the Wisconsin Rural Economic Summit focuses on Wisconsin’s rural economy. The summit includes an overview of the latest economic and demographic trends, an examination of labor force trends, a focus on tech entrepreneurship in rural communities, and discussions on rural healthcare and rural child care. The event ends with a discussion of the 4th wave of economic development and its importance to rural Wisconsin.
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 . 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.
When one thinks about the term “business climate”, factors such as taxes, regulations, and unionization come to mind. These items tend to be viewed as potential costs that businesses face when making investment decisions. Anything that is viewed as increasing the costs of business operations is considered bad for the business climate of a community or region. To foster economic growth and development the business climate of the community or region must be enhanced. The logic follows that strategies or policies that reduce tax burdens, limit or reduce regulations, or weaken the strength of labor unions (e.g. Right-to-Work laws) will enhance business climate and foster economic growth and development.
Using the latest research and data specific to Wisconsin’s rural communities and regions, we discussed the Wisconsin rural economy with a focus on innovative strategies that foster economic opportunities and well-being. The summit included an overview of historical and current trends in the Wisconsin rural economy, a look at lessons learned from rural communities, and a focus on proactive strategies that Wisconsin’s smaller and rural communities can implement.
January 2021 — In this study we explore issues related to broadband coverage and importance of coverage to community well-being. Several key conclusions include: Broadband access is closely related to population density and income levels, meaning the most rural and the lowest-income regions generally have the least access. For example, in urban Wisconsin, more than […]
Childcare was a challenge for parents before the pandemic and has only become more difficult in recent months. During the pandemic, as much as 60% of childcare providers closed and stopped providing childcare (Bipartisan Policy Center, 2020). While many of those closures were temporary, a recent state-level study estimates that, in absence of additional aid, 30% of the childcare supply in Wisconsin could be permanently lost if providers are closed for more than two weeks without revenue due to COVID-19.