- Jobs follow people. People are drawn to the cities and not rural areas. Madison's tech boom and downtown apartment development is evidence of that.
- Placemaking: Communities that are strong on infrastructure and encourage entrepreneurism will thrive with the tech scene. Madison has several groups that promote entrepreneurs including D2P, Doyenne Group, gBeta, Merlin Mentors (I'm a mentor) and UW Law & Entrepreneurship Clinic.
- Net job growth comes from startups and smaller business with less than 50 employees. Wisconsin is lagging here relative to the nation.
- Tech is a growth industry. Constraints are people and capital. Taxes are irrelevant with many startup companies.
- Tech is the future of the state. Manufacturers in traditional supply chains for large corporations are competing on a PPU (price per unit) cost. This is NOT TRUE of software which builds on high profit margins that reach millions of people and has low operating costs.
- 2010-1014: Job growth was up by 9.7% in Madison. This was more than double (4.3%) for the rest of the state.
- Dane County beats national jobs growth statistics with an 8.1% increase in jobs growth.
The seeds of the startup community have been sown here in Madison. As a community we need to continue to invest in the entrepreneurial ecosystem to keep achieving high growth for the future. Full article here: isthmus.com/news/cover-story/wisconsin-needs-more-than-foxconn-to-fix-its-economy/