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#14 Support independent study of WI economic development competitiveness (File Res. #2010-688)Economic Development Department Memorandum April 12, 2010 TO: City Council FROM: Vic Grassman, Economic Development Director SUBJECT: Action on a Proposed Resolution Supporting an Independent Study of Wisconsin’s Business Climate and Economic Development Competitiveness Relative to Other States (File Res. No. 2010-688) Executive Summary This resolution is to show non-financial support in the development and implementation of a non-partisan study analyzing Wisconsin’s economic development competiveness to encourage business growth and to attract new companies. It will also provide recommendations as to how Wisconsin can improve its business climate. Sponsored by three organizations, the Wisconsin Economic Development Association, Competitive Wisconsin and the Wisconsin Counties Association, these results will hopefully provide a benchmark and guide line for future discussions about economic development by political leaders and candidates for public office. The study should be completed in May or June 2010. Economic Development Director’s Recommendation: I recommend that this resolution be adopted for the following reasons: ? Upon adoption, the City of Janesville will be listed in the final written report as a community that supports this effort and subsequent discussions concerning any recommendations. ? I believe this is one more opportunity to show that Janesville is a pro- active business community vitally interested in Wisconsin’s economic development future and the resulting local impacts. City Manager’s Recommendation: I am supportive of the stated goals of the study. Background During the fall, 2009, three state wide organizations, the Wisconsin Economic Development Association, Competitive Wisconsin and the Wisconsin Counties Association agreed on a partnership to create a long-range economic development strategy for Wisconsin. The agreement was made to hire a third- party organization to do an analysis of Wisconsin’s overall regional, national and global economic development competitiveness. This analysis would offer recommendations to align and advance local, regional and statewide economic development efforts. The study will build on previous economic development studies but more importantly make solid implementable program and policy recommendations to move Wisconsin forward. These recommendations will create the framework for a new statewide economic development plan. These three organizations have raised $300,000 to pay the selected consultant, Deloitte Touche. The results are expected in May or June with the hope that they will be the basis for future candidate discussions prior to the fall elections. Upon completion of the plan, these organizations will be holding six meetings throughout the state to explain the results and hopefully start subsequent conversations. These groups are also in the process of raising an additional $200,000 for implementation of this plan. cc: Eric Levitt Jacob Winzenz RESOLUTION NO. 2010-688 A Resolution Supporting An Independent Study of Wisconsin’s Economic Development Competitiveness and Positioning, Conducted By the Wisconsin Economic Development Association (WEDA), Competitive Wisconsin, Inc. (CWI), the Wisconsin Counties Association (WCA), and Wisconsin Economic Development Institute (WEDI) WHEREAS, the Wisconsin Economic Development Association (WEDA), Competitive Wisconsin, Inc. (CWI), the Wisconsin Counties Association (WCA), and Wisconsin Economic Development Institute (WEDI) are all Wisconsin-based statewide organizations which have agreed to collaboratively conduct a research project that examines Wisconsin’s overall regional, national, and global economic development competitiveness and positioning; and, WHEREAS, the Wisconsin Economic Development Competitiveness and Positioning Study will analyze Wisconsin’s capacity to retain and expand existing businesses, and attract new business investment in a changing economic climate; and, WHEREAS, the Wisconsin Economic Development Competitiveness and Positioning Study will offer program and policy recommendations to align and advance local, regional, and statewide economic development efforts in Wisconsin; and, WHEREAS, the Wisconsin Economic Development Competitiveness and Positioning Study will create the framework for a new, bold statewide economic development plan; and, WHEREAS, the Wisconsin Economic Development Competitiveness and Positioning Study will be prepared by an independent third-party consulting firm with significant national experience in economic development policy, planning, siting, recruiting, expansion, innovation, industry clusters, and comparative market analysis; and, WHEREAS, the Wisconsin Economic Development Competitiveness and Positioning Study will be publicly released and presented in numerous venues throughout Wisconsin in Spring 2010; and, WHEREAS, WEDA, CWI, WCA, and WEDI have requested support for the Wisconsin Economic Development Competitiveness and Positioning Study from organizations and governmental agencies interested in supporting economic development; and, WHEREAS, the Common Council of the City of Janesville wishes to support economic development initiatives which result in improved economic conditions and business growth throughout the State of Wisconsin; and, WHEREAS, the Common Council of the City of Janesville authorizes this resolution in lieu of financial support to WEDA, CWI, WCA, and WEDI in pursuit of this initiative. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that it hereby supports and endorses preparation of the Wisconsin Economic Development Competitiveness and Positioning Study, conducted by the Wisconsin Economic Development Association (WEDA), Competitive Wisconsin, Inc. (CWI), the Wisconsin Counties Association (WCA), and Wisconsin Economic Development Institute (WEDI). ADOPTED: MOTION BY: SECOND BY: APPROVED: COUNCILMEMBER AYE NAY PASS ABSENT Brunner McDonald Eric J. Levitt, City Manager Perrotto Rashkin ATTEST: Steeber Truman Voskuil Jean Ann Wulf, City Clerk-Treasurer APPROVED AS TO FORM: City Attorney Proposed by: Economic Development Director Prepared by: Assistant City Attorney