WEDC was directed to submit the plan, “Wisconsin Tomorrow – An Economy for All” yesterday by the state’s COVID-19 relief legislation. The report is meant to provide support to major industries that were adversely affected by the public health emergency.
Stakeholders in tourism, manufacturing, agriculture, forest products, construction, retail and services advised that assessments of the economic consequences of the pandemic continue to evolve — as must any plans for a full economic recovery, according to the report.
According to WEDC, industry and individuals are still in the midst of the crisis and have not yet fully formed their plans for recovering. The report calls for the state to focus on three priorities: get everyone back to work, fix broadband and support innovation.
“Another equally important, but more longstanding, crisis that will determine our state’s economic future: the crisis of racial disparity and inequity,” WEDC Secretary and CEO Missy Hughes said in a statement. “As the state’s leader in economic development, we know by advancing the economic well-being of every Wisconsinite, we can make a difference.”