Current Wisconsin Commerce Secretary and recently confirmed CEO of the new Wisconsin Economic Development Corporation, Paul Jadin, spoke to Greater Madison Chamber of Commerce (greatermadisonchamber.com/) members at an Eggs & Issues program on June 7, 2011.
Jadin says the new public-private entity (commerce.state.wi.us/wedc/), which will begin operations on July 1, will focus solely on economic development, moving approximately two-thirds of his current staff over to the Department of Regulation & Licensing. More specifically, Jadin said the new entity will prioritize job growth and retention by providing assistance to current businesses, entrepreneurs and new business start-ups.
Jadin spoke enthusiastically about the new corporation’s ability to market the state to both national and international prospects, as well as enhancing the state’s tools to grow business in areas that were “woefully underfunded,” like venture and angel investment strategies.
When asked for advice on how Madison can be successful both economically and politically, Jadin advised that local business and government leaders “play to [the region’s} strengths” by supporting UW-Madison and associated business start-ups, as well as emerging clusters. “You have to separate Madison as an economy and Madison as a seat of government,” said Jadin.
Eggs & Issues was moderated by Gary Wolter, Chairman, President and CEO of MG&E and a member of the GMCC Board of Directors.
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