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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.
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.
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 ...
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]
Wisconsin Economic Development Corporation This page was last edited on 25 August 2024, at 18:24 (UTC). Text is available under the Creative Commons Attribution ...
The meeting was hosted by Fresno Economic Development Corporation, which is a member of California Gov. Gavin Newsom’s Office of Business and Economic Development’s California-China Trade and ...
LISC made its first loans and grants to 27 community organizations in December 1980. The initial grantees were a diverse group, including housing developers in New York City, child-care facilities in California and economic development organizations in rural Appalachia. [10] By 1985, LISC had raised $100 million and was active in 20 cities.
An economic development incentive is known as "cash or near-cash assistance provided on a discretionary basis to attract or retain business operations." [ 1 ] These benefits principally encompass tax and economic incentives provided by federal , state , or local governmental bodies.