New $1.2 million initiative to boost exports and foreign investment in Wisconsin

October 24, 2017 – The Wisconsin Economic Development Corporation (WEDC) and the University of Wisconsin-Oshkosh have announced a new $1.2 million statewide initiative aimed at boosting state exports and increasing foreign investment in Wisconsin, according to a report issued by Katy Sinnott, WEDC’s vice president of international business development.

Katy

The initiative, which also is being supported by two regional economic development organizations – New North and Milwaukee 7 – and The Water Council, marks the first statewide effort to drive export participation and encourage foreign direct investment in the state.

“This marks the largest coordinated deployment of resources ever to get more Wisconsin companies to export and to encourage foreign companies to invest here,” said Governor Scott Walker. “This initiative will provide new localized resources to Wisconsin companies. It will not only focus on existing companies that export, but will reach targeted companies that have the ability to export but aren’t doing so right now.”

Under the new program, UW-Oshkosh will facilitate the grant funds, which will be made available to nonprofit organizations providing foreign direct investment support either for a geographic region or for an industry sector. Groups that could receive grant funding include regional economic development organizations or industry organizations in Wisconsin’s targeted industry clusters, including water technology, manufacturing, bioscience, aviation/aeronautics, and food and beverage processing.

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