MadREP Report: December 26, 2018
2018 Certainly Wasn't Boring

MadREP-WGA-Wisconsin-Games-Alliance
MadREP President Paul Jadin Presents WGA with their operating funds.
2018 was an eventful and prosperous year for the Madison Region economy, as well as MadREP. Just this week, with great pride, I presented the Wisconsin Games Alliance (WGA) with their operating funds as they become a fully standalone Center of Excellence for the Midwest gaming industry. WGA has grown tremendously since its founding in 2015 and, for the last two years, their M+Dev conference has welcomed over 400 game developers, designers and enthusiasts to the Alliant Energy Center for a day of networking and learning.

It would be impossible for me to reflect on 2018 without first touting the completion of our five-year Advance Now economic development strategy and the immense amount of planning our staff and partners have engaged in to architect our next five-year plan, Advance Now 2.0. MadREP will unveil the final strategy in early 2019 and begin facilitating implementation immediately.

Our consultant, Mac Holladay, closed our recent steering committee meeting with the words of former Secretary of State Colin Powell (noted in his book, Leadership): "'If it ain't broke, don't fix it' is the slogan of the complacent, the arrogant, or the scared. It's an excuse for inaction, a call to non-arms. It's a mindset that assumes (or hopes) that today's realities will continue tomorrow in a tidy, linear, and predictable fashion. Pure fantasy."

Our next strategy will be a transformative agenda for positive change and will require the Region to redouble its efforts in implementation and investment. Many of you have already stepped up and given of your time, talents and resources. To you, I say thank you wholeheartedly. Many others will be hearing from me over the coming weeks I look forward to working together to build a more prosperous, innovative and inclusive Madison Region. We expect the implementation of Advance Now 2.0 to be as transformative as the last six years have been for our community

MadREP VP of Talent and Education Gene Dalhoff with Middleton Mayor Gurdip Brar
WEDC, MadREP announce recipients of Disaster Recovery Microloan Program 

Wisconsin Economic Development Corporation (WEDC) and the Madison Region Economic Partnership (MadREP) recently announced that MadREP is providing 10 no-interest loans of $15,000 each to businesses that were affected by the flooding and severe weather in south-central Wisconsin in late August and early September.

The announcement was made on December 13 at Standard Imaging in Middleton, one of the 10 businesses that was awarded a zero-interest loan.

"It was fortuitous that WEDC planned for this program so it could be readily available to Wisconsin businesses after this summer's severe weather events," said MadREP President Paul Jadin. "MadREP is pleased to have been selected to administer and disperse these greatly needed funds to businesses in our region."


REGIONAL NEWS
MadREP Communities in the News:   
Village eyes hiring economic development coordinator, creating downtown building rehab fund
 
The Village of Deerfield is considering hiring an economic development coordinator to assess its historic downtown buildings and to lay out a plan for revitalization of the area...
 
Chamber President Leah Fritsche said the next step is to reach out to the Madison Region Economic Partnership (MadREP) to see if that organization can help find qualified economic development coordinator candidates.


 

Healthcare: 
SSM Health to assume sole ownership of Turville Bay
 
SSM Health is pleased to announce it is strengthening its partnership with Turville Bay MRI & Radiation Oncology Center. Turville Bay has been a joint venture partnership with SSM Health and UnityPoint Health - Meriter since 1986.

The health care organizations have signed a definitive agreement to bring Turville Bay radiation oncology services under the sole ownership of SSM Health. The plan is to officially close on the acquisition on January 1.

  Read More 


Life Sciences:
Report: GE files for GE Healthcare IPO
 
General Electric Co. has filed confidentially for an initial public offering of its GE Healthcare unit, according to a Bloomberg report.
 
The Chicago-based medical technologies and services General Electric subsidiary announced in June plans to spin off into a standalone company over the next 12 to 18 months.
 
GE Healthcare has about 6,000 employees in Wisconsin, with significant operations in Waukesha and Wauwatosa and additional locations in Milwaukee, Oak Creek, West Milwaukee and a plant in Madison. It provides medical imaging, monitoring, biomanufacturing and cell therapy technology.

  Read More 
Agriculture, Food & Beverage
State Milk Production Up in November, Despite Drop in October
 
After falling for just the third time in the past four years back in October, Wisconsin milk production did increase slightly during the month of November when compared to a year earlier. According to the USDA's monthly milk production report, state output totaled 2.44 billion pounds last month. That's up a slightly 0.1 percent from November 2017, but less than October's 2.54 billion pounds (which had more days on the calendar).

 

Information Technology:  
Mobile Doorman, an app for high-rise apartments, opens Madison office
 
A rapidly growing Chicago startup that makes software for apartment management has opened a remote office in Madison, headed up by one of the area's tech community leaders.

Mobile Doorman is a so-called "proptech" company, making customized apps that apartments and condominiums can use to connect residents and property managers.  Users can use the mobile app to make apartment-related posts, file and handle maintenance requests, manage rent payments, stay on top of packages delivered to the building, organize events and post goods for sale.
 
 
 
Advanced Manufacturing:
Seal-Rite Door relocating from Illinois to Beloit

Seal-Rite Door, which designs and fabricates high-performance, residential doors, today announced it is relocating its operations from Illinois to Beloit, where it will open a state-of-the-art facility to accommodate its growing business.
 
The company, a subsidiary of Palmer-Donavin Manufacturing Co., will open a 105,000-square-foot facility in the Wisconsin Stateline Industrial Park by early next year. The company expects to bring about 80 jobs to Wisconsin as a result of the $16 million expansion.


EVENTS & OPPORTUNITIES
2019 Economic Forecast: Where Will the Growth Be? January 8
   
Given the first half of the year's market volatility, plus a pending mid-term election, 2018 year will be a year to remember for US companies and the economy.
 
Come January, however, will your boardroom be positioned for the past or the future? 
 
MITA's Annual Economic Forecast Summit right after the first of the year will provide a glimpse into what may lie ahead for the US and global economy. As has become tradition, the MITA Board of Directors has once again lined up two global experts for this annual summit. 
Wisconsin School for Beginning Market Growers, January 11-13
 
A three-day workshop for anyone wanting to start a fresh market vegetable farm, will be offered early next year at the University of Wisconsin-Madison campus. 

The program will be held January 11-13 for beginning farmers who want to grow and market fresh produce.
 
The program emphasizes organic production methods and direct marketing. Participants will learn about fertility management, greenhouse use, season extension, pest management, equipment needs, planning and budgeting. 
 

Tech Council Innovation Network-Madison luncheon, January 22

The Innovation Network is The Tech Council's membership arm - dedicated to fostering innovation and entrepreneurship.
 
In association with the Tech Council, WIN programs focus on the needs and challenges faced by new and growing technology-based businesses in Wisconsin.
 
Join Us.
 
Venue: Coliseum Bar, 232 E. Olin Ave.,  Madison, WI 53713   
Well Expo, January 25-26
 
The Well Expo is your one-stop shop for wellness and healthy living.  Attend the Well Expo and experience two days of classes, presentations and demonstrations in the areas of health and wellness.
 
Enjoy free fitness classes and cooking demonstrations and talk with local health-related businesses.

Health-related goals are one of the most common New Years Resolutions.  However, most resolutions fall flat just weeks after January 1.

Governor's Business Plan Contest Submission Deadline, January 31

The mission of the Governor's Business Plan Contest is to encourage entrepreneurs in the startup stage of tech-enabled businesses in Wisconsin. The contest links up-and-coming entrepreneurs with a statewide network of community resources, expert advice, high-quality education, management talent and possible sources of capital.  The Governor's Business Plan Contest engages contestants in a five-month process that includes the opportunity to work with mentors and receive feedback from judges.


Rural Business Development Grants (RBDG)
 
RBDG is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues.
 
RBDG funds must be directed for projects benefiting rural areas or towns outside the urbanized periphery of any city with a population of 50,000 or more.
 

THANKS TO OUR INVESTORS
Thank you to all our investors
who support our region's economic future through their generous financial contributions.
 
MADISON REGION ECONOMIC PARTNERSHIP
www.madisonregion.org   |  info@madisonregion.org  |  608.571.0420

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