Tom Still: Getting more business ‘starts’ for Wisconsin requires action on several fronts


Tom Still: Getting more business ‘starts’ for Wisconsin requires action on several fronts


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...

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- - Volume: 25 - WEEK: 3 Date: 1/16/2025 3:05:05 PM -