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Wisconsin IDEA
Insight • Data • Economics • Analysis
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New Business Formation Driver of Job Growth in Wisconsin
Wisconsin Creates an Average of 86,000 Jobs Per Year from New Businesses
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If a primary goal of economic growth policy is the creation of jobs and employment opportunities for Wisconsin residents, should policymakers and practitioners focus their limited resources on the formation of new businesses or the expansion of existing businesses? To gain insights into this question it is important to understand whether job growth comes predominantly from new or existing businesses. Let’s explore the Census Bureau Business Dynamic Statics for Wisconsin metropolitan and nonmetropolitan annually from 1978 to 2020.
A key dimension to this analysis is the realization that existing businesses can both add and subtract jobs, and it is the net difference that needs to be examined. Existing businesses can grow and add jobs, they can remain constant or contract or even close, resulting in job loss. Over the period examined, new business formation created an annual average of 86,321 jobs, but existing businesses shed or lost 59,945 for an average annual job gain of 26,376. Thus, for any given year between 1978 and 2020 new business formation drove job growth in Wisconsin. This is true not only for the state as a whole but also for metropolitan and nonmetropolitan Wisconsin.
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Econ Quiz: Ski Hill Employment
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Wisconsin’s family-oriented ski hills are one reason that the Badger state is as much fun in winter as it is during the summer. The ski industry is seasonal, with employment at ski facilities peaking in January. The Bureau of Labor Statistics tracks 24 states that employ people in ski facilities as far south as New Mexico (1,044 employed) and as far north as Maine (2,250 employed) and Alaska (327 employed). As most with a passing familiarity with skiing might guess, Colorado ranks first in the nation for those working at ski facilities by employing people at ski facilities at 13.76 times the national rate for a total of 15,633 people working at its ski hills. California, (6,893), Utah (6,841), Pennsylvania (5,078) and Washington (3,987) round out the top five states for the number of people employed by ski facilities.
Excluding employment at resorts connected to ski hills, rank the following states from greatest to least in order of both full-time and part-time employees ski facilities in January 2021:
A. Idaho
B. Maine
C. Michigan
D. Minnesota
E. Montana
F. Wisconsin
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Housing Educator - Bayfield County
The Housing Educator position will play a lead role in supporting education and research related to rural housing development efforts that serve Bayfield County and other rural areas of Wisconsin by:
- Assessing housing market-related dynamics such as demand, supply, inputs, population change, workforce needs, housing development strategies, and how these dynamics lead to different needs, outcomes, and appropriate goals;
- Providing guidance to communities as they navigate the complexities of housing development;
- Building organizational capacity among local governments to address emerging housing needs; and
- Developing regional collaborations, partnerships, and educational responses that meet these challenges.
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Community Development Educator - Crawford County
This Community Development Extension Educator position will primarily serve Crawford County, WI, and surrounding communities. The Community Development Extension Educator designs, delivers, and evaluates research-based educational programming and services aligned with the position's programmatic focus: food entrepreneurship and local food market development with an initial emphasis on supporting area farmers markets and small-scale producers and processors. The essential responsibilities of this position include:
- advancing substantive programming in food entrepreneurship;
- providing strategic planning and organizational development expertise to local partners and entrepreneurship development; and
- connecting local partners with other Community Development Institute and Extension resources.
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A Trade Area Analysis of Wisconsin Retail and Service Markets: Updated for 2021
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OVERVIEW
Using 2021 county sales tax data, we examine the strength 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.
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| Growth in Commuting Patterns and Their Impacts on Rural Workforce and Economic Development
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OVERVIEW
Residential and employment locational decisions for working households are frequently commingled. Numerous economic and social factors like job accessibility, wage differentials, housing markets, travel time, trip-chaining opportunities, dual employment, and other quality-of-life considerations influence where a household ultimately chooses to reside relative to places of employment. These choices in turn shape commuting patterns within a region. Using the U.S. Census Bureau's LEHD Origin-Destination Employment Statistics (LODES), the authors explore longitudinal changes in the growth of commuting patterns based on commuters traveling 50 miles or more between their place of residence and place of employment for counties in Midwestern states from 2002 to 2019. The authors find that the rate of commuters traveling 50 miles or more appears to have increased in rural areas across several periods and regions. Thus, rural communities concerned about labor supply constraints must take into consideration more expansive geographic labor markets and approach labor force development in partnership across local economic development institutions. In essence, the growth in commuting sheds requires stronger regional partnerships to address the issue.
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What Makes For A Resilient Community?
Professor Deller will address topics such as: Why are some communities more resilient to shocks? What can communities do to improve their ability to rebound?
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Community Resiliency and Entrepreneurship
Professor Conroy will present how entrepreneurs do more than create jobs and support economic growth – they contribute to the sense of place and quality of life in communities.
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(WisBusiness.com - 12/20/2022)
(Freight Waves - 12/15/2022)
(The Badger Herald - 11/21/2022)
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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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