Agriculture, manufacturing and tourism are the holy trinity of the Wisconsin economy and may always be so, given the state’s rich traditions in all three sectors.
Technology increasingly drives each of those sectors, however, and is slowly building an impressive standing of its own in terms of the jobs and value it adds to the Wisconsin economy. A recent national report makes the case.
The 2017 “Cyberstates” report from CompTIA, the nation’s largest leading tech association, showed Wisconsin cracking the 100,000-job barrier in 2016 for the first time. The report, which draws upon a mix of public and private data, counted 101,542 state tech workers last year compared with 97,633 in 2015.
MADISON – A few years ago, when Brian Kaas attended some of the nation’s leading conferences for venture capitalists, the audience was predominantly investors from stand-alone venture funds.
Today, when the managing director of Madison-based CMFG Ventures takes part in such gatherings, the makeup includes many more “in-house” funds within larger corporations.
When President Trump took office in January, the White House web site rolled out a goal consistent with his campaign pledges on the economy.
“To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,” reads a portion of the page on “Bringing Back Jobs and Growth.”
There’s nothing wrong with ambitious goals: Elected officials often set them to challenge their colleagues, competitors and citizens alike.
MADISON – With his proposed cuts in federal research and development spending, President Trump risks harming a priority he puts at the top of his own list – national security.
The history of federal investment in R&D, especially since the end of World War II, reflects a bipartisan consensus that money spent on basic and applied research pays economic and security dividends over the long haul while helping the nation respond to short-term crisis.
Intel, the world’s largest computer chip manufacturer, will invest $7 billion to finish a factory in Arizona, adding 3,000 jobs, the company’s chief executive said on Wednesday after meeting with President Trump at the White House.
The completion of the factory, which will complement two other Intel semiconductor plants in Chandler, Ariz., had been under consideration for several years.
As he stood before a crowd at the annual economic forecast luncheon of the Wisconsin Bankers Association, Gov. Scott Walker was upbeat about what 2017 promises for the state. His caveat, however, was all about people.
To be specific, Walker wants to ensure there are enough people ready, willing and able to take part in Wisconsin’s under-pressure workforce.
The latest round of investment in Midwestern BioAg Inc. caught many eyes simply because of its size: The 33-year-old company has raised $21.3 million to continue a $40-million recapitalization that began in 2014.
It also deserved notice because of a phrase used to describe the role of two of its latest financiers: “Mission-related investments.”
Economy laid flat on the long marble slab in a very large hall, dead from eating the poisoned apple while under the spell of witchcraft. The air in the hall is foggy and still; it reaches high into the rafters of this massive white marble edifice, and it is surrounded by a thick forest with cold winds blowing. The audible hisses of sorrow from the far distant make the burden of failure loud and clear.
Whether it’s new companies raising money, established firms moving to the next stage or investors reporting strong returns, there have been some solid harbingers for Wisconsin’s early stage economy in the past month or so.
The criminal justice system in our country is broken. Just imagine if technologists put their resources and knowledge toward solving some of our country’s biggest issues, instead of toward the next dating app. Today at South by South Lawn, the White House’s first-ever festival of art, ideas and action, I got a glimpse of what that world might look like.