New WEDC initiative to boost exports, foreign investment in state

Freeman Staff

Oct. 31, 2017

WAUKESHA — On Monday, the Wisconsin Economic Development Corporation and the University of Wisconsin-Oshkosh announced an initiative with the purpose of increasing exports and foreign investments in Wisconsin.

The initiative, which also is supported by two regional economic development organizations — New North and Milwaukee 7 — and The Water Council, marks a coordinated effort to drive export participation and encourage foreign direct investment in the state, according to the announcement.

“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 Gov. Scott Walker in a statement. “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.”

Recipients can use the grant funds to hire international trade consultants who will work to attract foreign companies in Wisconsin’s driver industries and help Wisconsin companies accelerate their exporting efforts.