Editorial underscores technology’s role in Wisconsin’s economic development

A recent Wisconsin State Journal editorial, Support economy’s hot spots, emphasized the importance of technology development in Wisconsin’s economy. That importance is underscored, the editoral notes, by GM’s recent announcement of plans to close its Janesville plant, the state’s improved performance in technology rankings by Genome Magazine and the Miliken Institute, and a Wisconsin Technology Council report that new companies attracted $143 million in financial backing last year, up 43 percent from 2006.

“Policymakers ought to see the signals as confirmation of a payoff from grants, tax incentives and other aids established to foster growth in science and technology and to encourage investment in fledgling businesses,” the editorial says.

“But more is required. While Wisconsin ‘s ranking of 22nd in the Milken science and technology index shows improvement, there is room for further gain. Neighboring Minnesota ranked 11th and Illinois 21st,” it continues.

“High on Wisconsin ‘s list should be support for the state ‘s universities and colleges. They produce the research that leads to business development, and they educate the work force that attracts businesses to locate here.”

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