Enticing Foreign Direct Investment (FDI) to come to
Wisconsin is no small task. Competition from the other states that make up the
lower 48 is fierce, and convincing foreign companies to expand into or relocate to
Wisconsin takes a lot of planning and effort. To help meet the challenges the
state is faced with, the Wisconsin Economic Develpment Corporation (WEDC) has
modified its focus from exporting to promoting FDI. Trade missions to the UK,
China, Japan, and more have been launched to promote Wisconsin’s benefits —
benefits like Foreign Trade Zones (FDZ) , locations where there are
significant reductions, deferrals, or even the outright elimination of taxes on
imported goods; commercial ports on the Mississippi River, Lake Superior, and
Lake Michigan, where over 40 million tons of freight is shipped annually; and
airports and railroad lines that link Wisconsin to markets nation-wide.
To help get the word out about the resources Wisconsin offers, the WEDC
has also recently unveiled a new website to inform prospective investors about Wisconsin's business climate and infrastructure.
The site is a robust tool that provides in-depth information about key assets
for investors looking to set up shop in the dairy state and is available in 5 languages. Along with the
website, the WEDC is also publishing a new bi-monthly e-newsletter, dubbed "INbound"
to showcase the strengths and benefits of investing in Wisconsin. Check out the
latest updates and success stories in the e-newsletter here.
On Wisconsin!!
What a great website they've created! Impressive. Have you ever considered working for an economic development agency?
ReplyDeleteThe WEDC website is very interesting! I found myself clicking around the site and reading articles for a good 45 minutes. Thank you for sharing such a great resource!
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ReplyDeleteThis is great site. I wanted to email Coleman Peiffer and have a chat about Wisconsin's business opportunities. Thanks for sharing!-Sacha B.
DeleteIt is interesting to learn about how Wisconsin competes with the rest of the United States to gain trade. I have never heard of the WDEC. It seems that this organization is very important to boosting Wisconsin's economy and just goes to show how many organizations there are out there that are crucial to our economy that we may not even know about.
ReplyDeleteEvery US state, and most countries, regions, and municipalities, have economic development offices. If you have not considered these as options for work, I highly recommend them. It's a GREAT place to learn about industry and to build networks.
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