Uncertainty Stresses People & Economies |
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Just as many of us spent last night staying up way too late and biting our nails waiting for election results, economies tend to behave erratically in uncertain times. Businesses stall decision-making waiting for clarity, markets swing wildly and we, the people, struggle to make sense of it.
As we wait for certainty, please remember to breathe and take care of yourselves. Practice social distancing. Wear a mask.
For the latest reopening and recovery resources, be sure to check the MadREP website often.
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Data Spotlight: Downtown Madison Inc. Releases Annual State of Downtown Madison Report |
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Sector Highlight: Information Communications Technology |
Employment growth in ICT direct industries has been dramatic since the turn of the century, increasing from 5,500 employees in 2000 to over 19,000 employees in 2016 (an increase of 250%). Notably, a large share of this growth has occurred since 2007 in the post-recessionary period when Wisconsin’s economy struggled to regain employment lost during the Great Recession. Not surprisingly, software publishers account for the greatest amount of ICT direct employees at 11,654. Computer systems design accounts for the second largest employment levels at 5,144 employees, while data processing, hosting, and related services and other information services combine to employ more than 2,500 employees.
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Stop the COVID Spread! Coalition Ramps Up Message, Releases Next Ad with Frontline Nurse |
The statewide coalition effort to combat the spread of COVID-19 is ramping up its messaging as the public health crisis gripping Wisconsin worsens by the day. Recently, the “Stop the COVID Spread!” coalition released its third public education announcement on broadcast TV and digital platforms statewide, the latest in the coalition’s efforts urging Wisconsin residents to do their part to help reverse the public health crisis that is threatening to overwhelm the state. |
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"Getting the COVID-19 pandemic under control is vital to our economic recovery," said MadREP President Paul Jadin. "I'd like to encourage my colleagues in the business community to support this effort by the Wisconsin Hospital Association to stop the spread. The Madison Region has grown tremendously over the last eight years and we are poised to compete at higher levels. Unfortunately, the longer we spend as a virus hotspot, the more we risk destabilizing our gains. Please join us in encouraging our neighbors to do their part to 'Stop the COVID Spread!'"
The latest ad features Katie, a registered nurse at ThedaCare Regional Medical Center-Appleton, in one of the regions of the state that has been hardest-hit by the growing crisis. “We are all sick and tired of COVID-19, but right now Wisconsin, we need you to step up,” Katie says in the ad. “As scary as it can be, and as difficult and challenging as our days are, we just need everyone else to gather in and help us.”
“As rates of COVID-19 infection continue to escalate throughout Wisconsin, this message is a crucial reminder from the frontline health care workers who are putting themselves on the line each day to keep our state’s residents safe and healthy,” said Eric Borgerding, President and CEO of the Wisconsin Hospital Association. “We count on these health care heroes to be there for us and your loved ones, so thank them by wearing mask, social distancing, and taking this deadly pandemic seriously. For those essential workers and the vulnerable in our communities, we need to turn this public health crisis around before it overwhelms our state.”
Since its launch on October 9, the “Stop the COVID Spread!” coalition has grown dramatically to include nearly 100 of Wisconsin’s leading health care, business, and advocacy organizations, including the recent addition of more than 40 chambers of commerce from communities all over Wisconsin. The organizations have joined together in a campaign to educate the public about the seriousness of the growing crisis in Wisconsin and the critical and growing need for preventative measures. A full list of member organizations is below.
“Wisconsin’s business community is coming together with our frontline health care workers to stress the importance of taking COVID-19 seriously,” said Kurt Bauer, President & CEO of Wisconsin Manufacturers & Commerce. “Our state’s employers are taking critical steps to keep workers safe on the job, but it is just as important for Wisconsinites to take similar actions
when they are at home and in public.”
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Four Things You Need to Know This Week |
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Edible Startup Summit happening Nov. 9-10 | WEDC
Registration is now open for the Edible Startup Summit 2020, scheduled for Monday, Nov. 9 and Tuesday, Nov. 10. The entire event will be held virtually, and the cost to attend is only $25. The Edible Startup Summit is a two-day training program...
Read more
wedc.org
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Most businesses don't expect return to normal until...
A majority of businesses surveyed by the Metropolitan Milwaukee Association of Commerce do not expect normal business activity to resume until after the first quarter of 2021. The survey, conducted in early October with responses from 104...
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biztimes.com
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UW-Madison Hosts Campus-Wide Event Celebrating...
For news media UW-Madison is hosting a series of free virtual events and programming for innovators and entrepreneurs during Startup Wisconsin Week, November 11 -18, 2020. The weeklong event takes place in communities across the state and aims to ...
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innovate.wisc.edu
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Supply chains will become more local in the...
Drug supply chains may become less global as a result of the pandemic, according to the chief executive of a pharmaceutical manufacturer. Martin Meeson, CEO of Fujifilm Diosynth Biotechnologies, told CNBC's "Squawk Box Europe" that drug companies ...
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www.cnbc.com
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Reopening & Recovery Resources |
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WEDC Reopening Guidelines
The future will require the gradual adoption of new business practices that reflect the evolving reality of the COVID-19...
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wedc.org
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Return to Work
Businesses must show they are prepared to keep employees, customers and other guests safe.
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www.youtube.com
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Greater Madison Chamber Slido
Join the Conversation! Please ask questions related to COVID-19 and business here.
Read more
app.sli.do
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