Wisconsin Economic Innovation Flows Through International Collaboration
Friday, March 31, 2017
Katy Sinnott is Vice President of International Business Development for the Wisconsin Economic Development Corporation (WEDC), the state’s lead economic development agency. Foreign direct investment (FDI) is a significant driver of Wisconsin’s economy, directly supporting 90,000 jobs across multiple industries. WEDC is dedicated to increasing FDI in Wisconsin by nourishing international connections and identifying new opportunities collaboration.
This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.
Mindful of the boost that FDI provides to Wisconsin’s overall economic growth—more than 1,500 foreign-owned establishments have created nearly 15,000 new full-time jobs since 2003—WEDC is working to grow those numbers even further.
One major thrust of our strategy is strengthening ties for Wisconsin’s key industries to their counterparts overseas. When we work at connecting a whole industry, there is a multiplier effect compared to working company by company to build connections. This approach helps support economic growth and also promotes innovation in Wisconsin, as our companies get a chance to cross-pollinate ideas with their industry colleagues from other countries, sharing and comparing their different approaches to solving common problems.