Those who regularly follow
economic dynamics in Wisconsin (present geek included) are accustomed to
seeing steady under-performance when it comes to comparing the state
and the region to other parts of the country.
A
recent forecast by the state Department of Revenue is no exception to
the rule. Analysts for the tax-collection agency are predicting lower
personal income and employment growth in Wisconsin for 2025-27 versus
the U.S. as a whole. On the other hand, state income and job growth
predictions for the same period largely line up with the Great Lakes
region.
Two other statistics
suggest a different Wisconsin gap not as evident in seven other Midwest
states. Those economic performance shortfalls are business starts and
venture capital investments.
New
business starts of all types — from barber shops to biotechnology firms
— have generally declined statewide since 2001, according to statistics
from the Wisconsin Economic Development Corp...