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Wisconsin IDEA
Insight • Data • Economics • Analysis
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Wisconsin’s Leading Export Industries
Since 2002, Pharmaceuticals and Medicines Exports Experienced Annual Average Growth of 80.8%
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The ability of Wisconsin businesses to export to foreign markets remains an important part of the Wisconsin economy. In 2022 Wisconsin businesses shipped over $27.4 billion to 182 separate counties. The single largest export sector, accounting for $1.9 billion or 6.9% of total exports, is Agriculture, Construction, and Mining Machinery Manufacturing (NAICS 3331) followed by Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (NAICS 3345) which exported $1.7 billion or 6.2%).
While these sectors have tended to remain the largest foreign exporters over the past two decades, and there has been some growth in their exports, there are other sectors that have seen stronger export growth (Figure 1). For example, while Agriculture, Construction, and Mining Machinery Manufacturing experienced an average annual increase in foreign exports of 8.2% other sectors such as Plastics Products (NAISC 3261) experienced an average annual increase of 17.7% and Dairy Products (NAISC 3115) experienced an average annual increase of 38.9% since 2002.
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Econ Quiz: New Business ‘Birth Weight’
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A recent report by the Bureau of Labor Statistics finds that over the past 30 years, new businesses have been getting smaller and smaller. Specifically, the number of jobs that companies report upon opening has been decreasing. The informal term for this is “birth weight” — the average number of jobs created by a new business.
Since new business creation drives job creation, a decline in the birth weight of new establishments can signal changes in the overall employment market. We can get a sense of the scope of change by comparing the birth weights and five-year weights for new establishments born in 1994 and 2017 that survived at least five years.
New businesses that opened in 1994 and survived at least five years reported an average of 7.4 jobs upon opening, 9.1 jobs at their one-year anniversary, 11.4 jobs at three years, and 13.2 at five years. In comparison, new establishments that opened in 2017 reported 4.2 jobs at birth, 5.4 jobs at their one-year anniversary, 7.0 jobs at three years, and 8.2 jobs at five years.
This brings us to this week’s quiz question. 2021 is the latest year for which data is available. Of course, we won’t have five-year survival rates for those businesses until 2026. Do you think the birth weight of all businesses, those that survive and those that die, is higher or lower than the birth weight for establishments born in 1994 and 2017 that survived at least five years? What is the birth weight for all establishments born in 2021?
A. 2.7
B. 4.2
C. 8.1
D. 3.6
E. 1.2
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The Broadband Community Planning Specialist will provide leadership and guidance for fostering community-driven broadband initiatives, empowering local stakeholders to actively engage in planning, decision-making, and implementation processes. This role focuses on building the capacity of communities to bridge the digital divide and achieve equitable broadband access through data-driven strategies and comprehensive planning efforts.
The Broadband Partnership Specialist will lead efforts to help communities understand how to facilitate and collaborate with Internet Service Providers (ISPs) to bridge the digital divide and ensure equitable broadband access across Wisconsin. This position will also provide outreach and educational support to communities helping them better understand the roles, responsibilities, and rights to increase broadband infrastructure deployment.
The Broadband Resources Procurement Specialist will play a critical role in working with communities across the state to better understand the resources needed and available to increase broadband access in the state. Additionally, this specialist will be expected to provide outreach support to communities as they navigate the necessary financial resources and technical assistance to support broadband infrastructure development and deployment. This position will focus on collaborating with stakeholders, identifying funding opportunities, and providing guidance on resource allocation to ensure successful broadband initiatives and bridge the digital divide.
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With Wisconsin Rural Partnership funding, UW–Madison launches new projects to support rural and tribal communities
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Four projects that aim to support rural communities and tribal nations in Wisconsin have been selected to receive funding through the Wisconsin Rural Partnership initiative at the University of Wisconsin–Madison. The initiative, announced in December 2022, was established with $9.3 million from the U.S. Department of Agriculture. The big-picture goals are to advance the land-grant mission of the university, support community-based projects, and create new partnerships to better meet the needs of rural communities.
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| Regional Broadband Workshops
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This event will provide valuable insights into broadband expansion and digital equity strategies. Day 1 features discussions on the role of local government in broadband, the BEAD plan timeline, utilizing data for effective storytelling, and workforce development through broadband. Day 2 covers financing options, legal considerations, and public-private partnerships. Engage with experts and participate in conversations that can help your community access funding and build successful partnerships for a connected future. Don't miss this opportunity to make a significant difference in your broadband initiatives. Join us and be a part of the journey toward "Internet for All". Dates and locations include:
September 28-29
October 9-10
October 25-26
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The Small Community Forums provide resources and a venue for everyone who cares about the future of Wisconsin’s small (and mighty) communities. The forums bring together residents, community leaders, elected officials, business leaders and civic-minded individuals to share best practices and discuss strategies to address the unique opportunities and challenges facing our communities. Dates and locations include:
Wednesday, October 11 | 7:30 am - 1:00 pm
Thursday, October 26, 2023 | 7:30 am - 1:00 pm
Wednesday, November 1 | 7:30 am - 1:00 pm
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A Trade Area Analysis of Wisconsin Retail and Service Markets: Updated for 2022
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OVERVIEW
Using 2022 county sales tax data, we examine the strengths and weaknesses of Wisconsin retail and service markets through the application of the tools of Trade Area Analysis. Only those counties that have elected to collect the optional county sales tax are included in the analysis. Because sales tax data are used one must keep in mind that the analysis focuses only on taxable sales and may not reflect the total level of activity in the county. Using Pull Factors and measures of Surplus and Leakage the relative strengths, and weaknesses, of local retail and service markets are identified. We also offer a method for using the results of the Trade Area Analysis over 2019 to 2022 to gain further insights into the strengths, weaknesses, opportunities and threats to local retail and service markets.
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(Capital Times - 8/31/2023)
(Wisconsin Public Radio - 8/23/2023)
(Milwaukee Journal Sentinel - 8/3/2023)
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Equal Employment Opportunity & Affirmative Action Statements
An EEO/AA employer, the University of Wisconsin-Madison Division of Extension provides equal opportunities in employment and programming, including Title VI, Title IX, the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act requirements. Please make requests for reasonable accommodations to ensure equal access to our educational programs as early as possible preceding the scheduled program, service, or activity.
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