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Shining a Spotlight on Second-Stage Success with BEAR ’25
14 Aug 2025
News
Wisconsin—and the Chippewa Valley in particular—lags behind some other states and regions in new business formation and job creation per startup. The rate of new business launches has also declined in recent years. Recognizing this challenge, the Chippewa Economic Development Corporation (CEDC) has been working to change the trend. We’re focusing on increasing support density, backing founders, and building a stronger ecosystem for growth—especially for second-stage companies.
You might be surprised to learn just how many second-stage companies operate right here in western Wisconsin. These are typically privately owned, growth-oriented firms with annual revenues between $1 million and $50 million and at least 10 employees. They’ve moved beyond the early hurdles of starting up and are now focused on scaling their operations, expanding into new markets, and creating lasting value in their industries.
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