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WIndicators Volume 1, Number 7: Labor Participation Trends in Wisconsin
July 2018 — As Wisconsin’s unemployment rate moves to record lows, many companies have expressed frustration that they cannot find the workers they need. Some employers, workforce development organizations and policy makers attribute the lack of suitable employees to issues surrounding labor quality. Specifically, potential workers may not have the specific skills desired by employees […]
Slow Churn: Declining Dynamism in America’s Dairyland
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 […]
Women Business Owners: Patterns of Women Owned and Managed Businesses in Wisconsin
EXECUTIVE SUMMARY June 2018 — Women as business owners may be an underutilized resource for economic development and growth. Policies aimed at equitably enhancing business ownership should consider the unique nature of women-owned and managed businesses. These policies should reflect the unique manner in which women approach entrepreneurship. In 2011, women-owned or managed nearly 19% […]
WIndicators Volume 1, Number 6: Wisconsin and Foreign Exports
“So unorthodox is the latest batch of demands, introduced only during the latest round of talks, that some question whether the Trump administration is negotiating in good faith. Mr Lighthizer claims to be trying to please only his boss, Mr Trump. But Congress must pass the final deal. This is topsy-turvy. Normally, in America’s trade […]
Downtown Development Strategies: Assessing the Priorities of Illinois Municipal Leaders (Issue 186, April 2018)
April 2018 — Downtowns traditionally provide shopping, entertainment, social, and employment opportunities, as well as property tax revenue, for their respective municipalities. For residents, visitors, and local governments, downtowns can also serve as an indicator of the economic health of the entire community.As technology advances and the population ages, the roles of many downtowns are […]
WIndicators Volume 1, Number 5: Labor Shortage: Signs and Symptoms
March 2018 — In Wisconsin, the labor market has been the focus of recent public and political discourse, with many perceiving a labor shortage. Often these discussions focus on the experience voiced by employers throughout the state. While the frustration of employers trying to hire workers is an important sign that there could be a […]
Relocation Patterns of Wisconsin Businesses: The Migration or Relocation Patterns of Wisconsin Businesses
EXECUTIVE SUMMARY February 2018 — For state and local organizations that incorporate business recruitment and retention into their economic development strategies understanding business migration is important. Regions often compete to have businesses relocate in their community with the goal to increase job and income growth. Economic development resources are devoted to incentive packages that can […]
Innovation and Economic Growth and Development: R&D within Wisconsin
EXECUTIVE SUMMARY January 2018 — Economists disagree on most issues, but there is widespread agreement that innovation is a driver of economic growth and development. The question that we address in this study is the relationship between research and development, innovation, human capital or educational levels, and economic performance. Key Findings: • Innovation, which is […]
WIndicators Volume 1, Number 4: Housing Issues Affecting Wisconsin
Housing is becoming an issue in Wisconsin. Housing prices are growing while new additions to the housing stock appear to be lagging. As other parts of the U.S. have serious issues related to housing stress (defined as income to housing cost ratios), Wisconsin may also be starting to show signs as well. December 2017 — […]
Retail at the End of 2017 (Issue 185, December 2017)
Consumer Market Segments December 2017 — Overall, consumer demand and behavior have changed significantly over the past decade. At the end of 2017, those changes are having a lasting impact on the industry. Deliberate Consumers. These consumers are cautious about spending. They now expect and search for bargains, an expectation that retailers have unhappily fostered […]
WIndicators Volume 1, Number 3: Wisconsin Entrepreneurship and Population Dynamics
October 2017 — Economists have long known that entrepreneurship in the form of business start-ups is vital to a vibrant and strong economy (Conroy and Deller, 2015). Wisconsin, however, tends to compare unfavorably to other states in terms of entrepreneurship. The Kauffman Foundation has been monitoring entrepreneurial activity for a number of years and their […]
WIndicator Volume 1, Number 2: Occupation and Employment Trends in the Semiconductor and Other Electronic Component Manufacturing Industry
August 2017 — Electronic component manufacturer Foxconn Technology Group (Foxconn) recently announced its intention to build a $10 billion manufacturing campus. As the facility initially expects to employ 3,000 workers, with the potential to expand up to 13,000 employees, its magnitude generates both intense excitement and uncertainty. For instance, a number of questions surround the […]