© copyright 2005, northstar economics, inc. all rights reserved. cesa 1: southeast wisconsin and...

© Copyright 2005, NorthStar Economics, Inc. All rights reserved.

CESA 1: SOUTHEAST WISCONSIN AND THE NEW ECONOMY

November 4tH

2005

WBIA

Annual Conference

David J. Ward, Ph.D.Founder & President

November 4, 2005

2© Copyright 2005, NorthStar Economics, Inc. All rights reserved.


November 4tH

2005

Regional Partnerships:Basic Elements

Need / Problem / Crisis

Vision / Direction

Leadership that will persist

A plan or roadmap



November 4tH

2005

PERSONAL INCOME PER CAPITA OF THE U.S., MINNESOTA, AND WISCONSIN

Source: Bureau of Economic Analysis

$8,000.00

$12,000.00

$16,000.00

$20,000.00

$24,000.00

$28,000.00

$32,000.00

$36,000.00

United States

Minnesota

Wisconsin



November 4tH

2005

VISION 2020:A MODEL

WISCONSINECONOMY

Published by the Wisconsin Technology Council

Funded by Mason Wells Private Equity

Economic Research by NorthStar Economics



November 4tH

2005

NORTHSTAR HIGH GROWTH ECONOMIC MODEL

RESEARCH PARKS & INCUBATORSVENTURE CAPITAL

ENTREPRENEURSSCIENTISTSENGINEERS

R & D PATENTSRESEARCH CENTERS

LOW CRIME RATES GOOD SCHOOLSRECREATIONHEALTH CARE

TELECOMMUNICATIONSINFRASTRUCTUREENERGY SUPPLIESDEVICES & TOOLS

BANDWIDTH



November 4tH

2005

18 Counties

Regional approach

Workforce focus

Regional Stewardship Award Winner

NEW ECONOMIC OPPORTUNITY STUDY



November 4tH

2005

NEW ECONOMIC OPPORTUNITY STUDY

Slow growing workforce Lagging per capita income Lack of educational attainment

0%

10%

20%

30%

40%

50%

60%

70%

0-19 Years 20-64 Years 65+ Years

Figure 2: Fox Valley WDA Population Age Profile 1969-2025

Source: Woods and Poole, Inc Department of Agricultural and Applied Economics, University of Wisconsin-Madison/Extension

$8,000

$12,000

$16,000

$20,000

$24,000

$28,000

$32,000

$36,000

United States

Minnesota

Wisconsin



November 4tH

2005

K-12 EDUCATION AND

WORKFORCE DEVELOPMENTAND

ECONOMIC DEVELOPMENT ARE

INTERRELATEDAND

INTERDEPENDENT.

ARTICULATING THE LINK BETWEENK-12 EDUCATION AND ECONOMIC GROWTH



November 4tH

2005

WISCONSIN STUDY

Title The Economic Returns to Wisconsin’s Education System from Investment in Four-year-old Kindergarten

Sponsors Trust for Early Education The Pew Charitable Trusts Pre-K Now

Authors Professor Clive R. Belfield Queens College, CUNY

Dennis K. Winters NorthStar Economics, Inc.



November 4tH

2005

NEW ECONOMIC DEVELOPMENT MODELUSING THE RIGHT TOOLS

Traditional economic development tools produce a zero public return or worse. See A. Rolnick, Fed Reserve Bank of Minneapolis

Returns to high-quality early-childhood initiatives produce strong returns. Perry Preschool 40-year study reports $17-to-$1

total and $13-to-$1 public benefit-cost ratios.

(About 18% and 17% internal rates of return respectively.)



November 4tH

2005

Minnesota already offers 4K in all 341 School Districts & 4 Tribal Schools

Postponing the investment postpones the rewards.

It’s good for the kids; It’s good for business; It’s imperative for Wisconsin

WISCONSIN 4KBETTER SOONER THAN LATER

$8,000

$12,000

$16,000

$20,000

$24,000

$28,000

$32,000

$36,000

United States

Minnesota

Wisconsin



November 4tH

2005

Participation in the regional economic development discussion Help shape/lead a regional economic vision Workforce Development Curriculum - New Economy Professional Development – New Economy Economic Contribution / Impact of K-12

THE K-12 OPPORTUNITY CURVE:



November 4tH

2005

CESA 1 covers most of SE Wisconsin

CESA 1 schools play a key role in SE Wisconsin communities

CESA 1 has an existing, functioning organization that spans six counties

CESA 1 schools are key to 1/3 of the state’s future workforce

THE CESA 1 OPPORTUNITY CURVE

CESA 1 Strategic Advantages:



November 4tH

2005

Higher Education MCW UWM MSOE Marquette

Workforce Development Boards PIC SEWDB WOW WDB

Tech Transfer MCW Foundation TechStar CATI


Here are the potential partnerswithin the CESA 1 boundary:

WCTC UW Parkside Carthage College Alverno

Cardinal Stritch GTC UW Colleges MATC



November 4tH

2005

Economic Development Organizations Chambers Economic Development Corporations (Milwaukee, Waukesha, Racine, Kenosha, Ozaukee)

Competitive Wisconsin

Greater Milwaukee Committee


Potential Partners:



November 4tH

2005

The Business Community

The Wisconsin Technology Council

The Wisconsin Department of Public Instruction

The Wisconsin Department of Workforce Development


Potential Partners:



November 4tH

2005

Move the regional cooperation conversation forward.

Create discussion and vision around a “Southeastern Wisconsin Vision 2020”.

Create or join regional economic development partnerships.

Articulate the positive economic impact of k-12 schools.

Align k-12 more closely with workforce development boards.


Action Steps: What could CESA 1 do?



November 4tH

2005

David J. Ward, Ph.D., President Phone: (608) 279-3393 Email: [email protected]

Fax: (608) 441-8064

Web: www.northstareconomics.com

© copyright 2005, northstar economics, inc. all rights reserved. cesa 1: southeast wisconsin and...

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