MadREP Report: August 9, 2018
Proposed New Tariffs on Chinese Imports
You've heard about it in the news. Have you been wondering what actions you can take on the proposed tariffs?
On Tuesday, July 17, 2018, the US Trade Representative (USTR) published the third installment of a proposed extensive list of products imported from China that could be subject to additional 10% tariffs. 

MadREP Senior Vice President and Madison International Trade Association (MITA ) President Michael Gay encourages local business to follow the issue closely. "We encourage you to stay on top of the tariff news and submit written comments if you have the opportunity," he said. "Please also feel free to  contact me  with questions."

This spreadsheet includes all three lists (Lists 1, 2 and 3) converted to Excel for easy sorting. This is an extensive list, covering a thousand or more tariff subheadings, so you may have to go through it carefully to identify your specific subheadings.

Interested parties should strongly consider filing comments to make the case that certain tariff items should be excluded from List 3. As an FYI, following the comment period for List 1, over 500 tariff lines were removed from the original proposed list. USTR requests that commenters address specifically whether imposing increased duties on a particular tariff item would be practicable or effective to obtain the elimination of China's current (adverse) acts, policies, and practices that were identified in USTR's initial Section 301 determination, and whether maintaining or imposing additional duties on a particular listed product would cause disproportionate economic harm to U.S. interests, including small or medium-sized businesses, and consumers.

Written comments must be filed by August 17, 2018.

Nancy Mistele Director
Office of Business Development
Wisconsin Department of Administration
www.doa.wi.gov
A Government Office You'll Want on Speed Dial

Guest Columnist: Nancy Mistele

As citizens seek more transparency from government and less red tape and regulation, it's nice to see that our state government has taken the idea of reform seriously and have solid results to show for it.

One such example is the Office of Business Development, where directors have been proactive in reaching out to business owners across the state for their ideas and input on regulatory reform. Housed in the Secretary's Office at the Department of Administration to serve the citizens of Wisconsin, they work with leadership at all state agencies to solve problems and assist business in navigating to a variety of state and business resources. As business ombudsmen they have a customer service focus and span the public-private divide helping both business owners and government, with a focus on minimizing government impact so businesses can focus on true business activities. Through their outreach with Chambers of Commerce, Trade Associations and other business groups they've given more than 1200 presentations across Wisconsin's 72 counties. Business owners have brought over 1200 distinct issues to them seeking assistance.

What's next for the MadREP and the Madison Region?

In 2013, the Madison Region's existing regional economic development organization underwent rebranding, becoming MadREP, the Madison Region Economic Partnership. Having seen notable implementation successes with the first strategy, MadREP is embarking on a second five-year plan,  Advance Now  2.0, to continue the Madison Region's economic momentum. Market Street Services is currently executing the competitive assessment portion of the strategy. .

We believe that every person is an expert about the place in which they live. We want to hear your perspectives on what it's like to live and work in the Madison Region. MadREP has launched a survey that will be a major component informing the recommendations in Advance Now 2.0. It will take roughly 10 to 15 minutes to complete. Your responses are confidential.

Take the Survey

REGIONAL NEWS
MadREP in the News:   
Madison's connection to Foxconn

It's hard to imagine now, but the highly anticipated Foxconn Technology Group's complex in Mount Pleasant, Wisconsin, will be the size of 11 Lambeau Fields when finished.  Rolling farmland will be replaced with one of the largest manufacturing campuses in the world. And the immense size of this project will require the help of businesses, students and researchers from every corner of the state.

To help get the project underway, Foxconn has found ready and willing partners in the Madison area to help the company train future factory workers and derive financial benefits for the region. Among those partners are the Madison Region Economic Partnership, Madison College and the University of Wisconsin-Madison.

Healthcare: 
Lawsuit mulled in second UnityPoint Health data breach this year
 
An attorney who filed a class-action lawsuit against UnityPoint Health about a data breach discovered earlier this year is investigating additional action regarding a second security incident announced by the health system last week.
 
In the latest problem, UnityPoint Health notified 1.4 million patients, including 76,000 in Wisconsin, that their names, addresses and medical information - and, for some, driver's license, Social Security and payment card or bank account numbers - may have been compromised.

  Read More 


Life Sciences:
Madison Startup HealthMyne Raises $15M
 
HealthMyne, a Madison-based startup that develops software for cancer care, has raised $15 million in new funding.
 
The Series B round was led by Missouri-based Ascension Ventures, and included participation from local investors Venture Investors, 4490 Venture and WARF. HealthMyne has now raised more than $26 million since it was founded in 2013.
 
The new funding will allow HealthMyne to expand commercialization efforts for its software platform that gives doctors analytics for medical imaging to help better treat cancer. 

  Read More 
Agriculture, Food & Beverage
Wisconsin Dairy Product Causes Widespread Recall Over Salmonella Concerns
 
Goldfish crackers and Ritz Bitz are some of the products that have been recalled after salmonella was found in an ingredient from Wisconsin.
 
Associated Milk Producers, Inc. issued a recall for dry whey powder produced at their plant in Blair during May and June.
 
Routine testing found some of the powder tested positive for salmonella, a bacteria that can cause fever, diarrhea or more serious infections in children and the elderly.

 

Information Technology:  
Tech talent soars in Madison, report says
 
Madison's tech momentum is on the rise.
 
The Madison area is ranked third - tied with Orange County, California - on a list of 50 metropolitan areas in North America included in the Scoring Tech Talent Report issued by CBRE, a major commercial real estate services and investment firm based in Los Angeles.
 
The report says Madison's tech talent labor force grew 10.6 percentage points faster in 2016 and 2017 than it did from 2014 through 2015.
 
 
 
Advanced Manufacturing:
WMC to create association health plan

Wisconsin Manufacturers & Commerce is planning to launch a statewide Association Health Plan (AHP) over the next several months under new rules approved by the federal Department of Labor.
 
In a release, WMC says the goal of such a plan is to broaden the risk pool and offer small- and medium-sized businesses health care for their employees at a more affordable cost because AHPs are exempt from certain mandated coverages in the Affordable Care Act.
 
WMC already offers members other lines of insurance, such as group life, disability, and dental/vision.


EVENTS & OPPORTUNITIES
PROPOSED NEW TARIFFS ON CHINESE IMPORTS - SECTION 301 DETERMINATION

On Tuesday, July 17, 2018, the US Trade Representative (USTR) published a proposed extensive list of products imported from China that could be subject to additional 10% tariffs.

Written comments must be filed by August 17, 2018.

The public hearing will take place August 20-23, 2018.

Rebuttal comments will be due on August 30, 2018.
New Markets Tax Credits

Lift Wisconsin, Inc. was established with a mission to invest in severely economically distressed areas of Wisconsin communities and to serve as a catalyst for economic development and job creation. 

In order to compete for New Markets Tax Credits we are soliciting projects to include in our application with the U.S. Department of Treasury.

This pipeline pre-application gives us the potential to compete for NMTC but does not ensure that Lift Wisconsin, Inc. will get an allocation of NMTC.

The Forward Festival, August 16-23

The Forward Festival is Madison's flagship technology and entrepreneurship festival.
 
Since starting in 2010, it now attracts over 5,000 attendees and includes 8 full days packed with 40+ events organized by entrepreneurs, for entrepreneurs.
 
Join fellow entrepreneurs, nerds, designers, geeks, hackers, foodies, and creative professionals from the Midwest in a celebration of innovation and entrepreneurship.
The Alliance for the American Dream Challenge, August 29
 
The Alliance for the American Dream initiative, funded by Schmidt Futures, seeks to improve economic opportunities for more Americans and increase the country's competitiveness by building and supporting a stronger, more inclusive middle class.
 
The first challenge for DreamUp Wisconsin is to develop proposals to increase the net income of 10,000 Dane County households by 10% by the end of 2020.
 

Regional Innovation Strategies (RIS) Program, August 29
 
The Regional Innovation Strategies (RIS) Program grant competitions are now open.
 
Applications are now being accepted for the i6 Challenge and Seed Fund Support Grant Competition. 
 
The submission deadline for applications will be Wednesday, August 29, 2018 at 11:59 p.m. Eastern Daylight Time.

If anyone has questions, contact Michael Gay.
 
Learn More

WEDC Trade Venture to South Africa and Kenya, Sept. 22-Oct. 3, 2018
 
Registration deadline: August 10, 2018
 
Cost: $1,800 for the first participant from a Wisconsin exporter of goods or services, $2,200 for each additional participant from the same company.
 
Location: Johannesburg, Durban and Nairobi;  Sub-Saharan Africa is at the beginning of a sustained phase of rapid growth. 
2018 AgTech Venture Day, October 2
 
The day-long event in Johnson Creek - roughly halfway between Madison and Milwaukee - will bring together companies in fields such as precision farming, food packaging, food safety, organics, resource conservation and other disruptive technologies for pitches to Midwest angel and venture capitalists.
 
Hosted by Golden Angels Investors, the conference provides access to one of the Midwest's largest angel networks.
 
M+DEV, OCTOBER 19

M+DEV is a video game development conference for professional game developers and those seeking to become professional game developers.
 
This conference provides a gathering place for game developers in the state, the region and beyond to discuss and share the latest information on the science, art, mechanics and business of making games.
 
M+DEV is for anyone who is currently a professional video game developer or contractor, or who wishes to become one.
Discover Global Markets: Indo-Pacific, December 10-12

Discover Global Markets is the U.S. Department of Commerce's flagship event series for U.S. exporters!  Attendees will include CEOs/presidents, sales and marketing professionals, business development managers, engineers, procurement representatives, supply chain operations.  Target industries include: aircraft, engines, MROs, aviation services, avionics, aerospace composites, airport & ground support equipment, cyber defense, additive manufacturing, unmanned systems, surveillance  & detection and more.

SPONSOR SPOTLIGHT


Thank you to Madison Gas & Electric and to all of our investors.
 
MADISON REGION ECONOMIC PARTNERSHIP
www.madisonregion.org   |  info@madisonregion.org  |  608.571.0420

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