Business associations remain optimistic for Wisconsin’s business climate

Special to The Freeman

Dec. 23, 2013

 

MADISON – An outlook survey compiled by the Wisconsin Manufacturers & Commerce shows 75 percent of businesses throughout the state expect moderate growth in their communities.

The survey, which nearly 70 percent of chamber of commerce executives participated in, showed 89 percent of participants think the state is on the right rack, and 90 percent feel that Wisconsin is very or somewhat pro-business.

The main concern, according to the survey, is healthcare costs, which have rose nearly 10 percent since last year, according to 82 percent of the respondents.

“While chamber executives are optimistic regarding the direction our state is headed, they understand uncertainty is the true problem inhibiting expansion of their members’ facilities and workforce,” said Jim Morgan, president of the WMC Foundation and secretary/treasurer of the professional association Wisconsin Chamber of Commerce Executives. “The businesses in communities statewide also face uncertainty in issues such as healthcare, workforce development and expanded regulation.”

Sixty-nine percent of the chambers surveyed believe that employment in their communities will increase in 2014, while 75 percent believe their communities will see moderate economic growth in 2014.

The Wisconsin Chamber of Commerce Executives association’s mission is to advance the management skills and experience of its members to equip them to lead their business members and communities.