Economic Development Organizations
All of our work with private companies must be sponsored by a local economic development organization. This is important for two reasons.
- First – we believe interaction with your company is most important at the local level, and we want to provide services that complement and connect with the local resources in your area.
- Secondly – we encourage you to consider this as an incentive to help the company pay for these services as part of your retention/expansion strategy, particularly the first engagement with the company.
Our goal is to create a statewide fund to match the dollars you invest in these companies. We also understand the funds may not always be available at the local level. In those cases, we will work with you to find alternative funding solutions including charging the company directly.
The Wisconsin Business Intelligence Team (BIT) is available to work with you and your clients in two different formats.
- The “Standard” engagement utilizes a set process whereby the team works directly with your client in a full team process over a period of time – typically 40 hours total. You may participate in this process with your client as much or as little as you choose. The key with this standard engagement is that the team works directly with your client to identify issues, opportunities and research assignments.
- The “Custom” engagement allows more flexibility in how the team works both with your client and with you, on more of an a la carte basis. In some cases, you may want to be the interface between the team and your company for very specific research assignments that you have already determined. In other cases, your clients may want to engage with the team on short or abbreviated assignments for special research projects
Not only can we help you serve your local businesses, we can also serve you! If your EDO has specific business or market information needs, please reach out!. For example, we can:
- Give local economic development professionals a better understanding of the business makeup of their community compared with their peers.
- Work with economic developers to help understand their strengths and weaknesses to better target individual businesses or certain industries.