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WEDC was established in 2011 during the tenure of Gov. Scott Walker to replace the Wisconsin Department of Commerce.The impetus for WEDC resulted from a 2010 report titled “Be Bold Wisconsin: The Wisconsin Competitiveness Study” that recommended a non-political authority be created to design and deliver a statewide economic development strategy.
The request, submitted by Gov. Tony Evers and the Wisconsin Economic Development Corporation, asks that $15 million go to the Child Care Counts program.
It was established as the Wisconsin Department of Development in 1979, renamed to the Department of Commerce in 1995, and abolished in 2011. The department was responsible for implementing and overseeing the economic development programs for Wisconsin through consultation, technical assistance, and relocation assistance.
In 2020, the Wisconsin Economic Development Corp. (WEDC) determined Foxconn would not receive tax credits for work done in 2019, saying it hired only 281 tax-eligible employees, did not carry out the Gen 10.5 LCD project, and only made $300 million in capital expenditures. [27]
The company's move was contingent on Appleton's assistance and on the transfer of $20 million in enterprise zone tax credits that the Wisconsin Economic Development Corp. previously granted U.S ...
(The Center Square) – Wisconsin’s Department of Transportation is sending $10 million in grants for maintenance and construction projects in ports at La Crosse, La Pointe, Marinette, Green Bay ...
An economic development corporation ("EDC") is an organization common in the United States, usually a 501(c)(3) non-profit, whose mission is to promote economic development within a specific geographical area. These organizations are complementary to Chambers of Commerce. Whereas a Chamber of Commerce promotes the interests of businesses in a ...
Stevens Point leaders were given access to a popular economic development tool following the signing of a bipartisan state law in March. On March 21, Gov. Tony Evers signed 2023 Wisconsin Act 136 ...