Wisconsin Economic Development Corporation

Agency Performance Dashboard

AGENCY DESCRIPTION

WEDC mission: To advance and maximize opportunities in Wisconsin for businesses, communities, and people to thrive in a globally competitive economy.

DASHBOARD ARCHIVES

RELATED LINKS

Website:   http://inwisconsin.com

Goal Met Key
goal met, goal not met, goal in progress. As determined by comparison of current data and target.

Trend Key
  trending in favorable direction,     trend is holding,     trending in unfavorable direction.

Economic Development

Businesses served - financial

Metric Definition

The number of WEDC financial awards committed to businesses.

Goal Met Current Previous Target Trend
41 50 45

Reporting Cycle: Quarterly (January 1, 2017 - March 31, 2017)

Additional Details: Derived from all WEDC programs that provide financial assistance to Wisconsin businesses in FY17. Historical data shows the first half of the year is expected to be lower than the second half.

Communities served - financial

Metric Definition

The number of WEDC financial awards committed to communities.

Goal Met Current Previous Target Trend
15 11 17

Reporting Cycle: Quarterly (January 1, 2017 - March 31, 2017)

Additional Details: Derived from all programs that financially assist Wisconsin communities in FY17.

Leveraged investment - expected

Metric Definition

The ratio of additional investment expected to be leveraged as a result of WEDC’s financial commitments.

Goal Met Current Previous Target Trend
9 to 1 8 to 1 8 to 1

Reporting Cycle: Semiannual (July 1, 2016 - December 31, 2016)

Additional Details: Project leverage for WEDC programs where leverage is an expected outcome. Using a six-month average paints a more accurate picture due to the significant fluctuations when using shorter timeframes. The expected ratio, expected proportion, and ratio of additional investment leveraged as a result of WEDC’s financial commitments.

Efficient & Effective Services

Application timeline

Metric Definition

Average number of calendar days from completed application to contract date.

Goal Met Current Previous Target Trend
100 71 60

Reporting Cycle: Quarterly (January 1, 2017 - March 31, 2017)

Additional Details: Metric revised from previous quarters. The definition changed from when the contract was awarded to the contract date. The average number of days from receipt of a completed application to when the contract is executed. It is typical to see significant fluctuations based on factors like complexity of projects and program requirements.

Loan default rate

Metric Definition

Percentage of loans in default.

Goal Met Current Previous Target Trend
17.1% 13.3% 7.5%

Reporting Cycle: Quarterly (January 1, 2017 - March 31, 2017)

Additional Details: Percentage of loans past due (90+ days) in principal on March 31, 2017. The target of 7.5% is the two-year average of the WEDC loan portfolio. The national average for economic development Revolving Loan Funds are approximately 10% (source: U.S. Department of Commerce, Office of Inspector General).

Customer Satisfaction

Website visibility

Metric Definition

Website sessions

Goal Met Current Previous Target Trend
78,414 71,688 68,750

Reporting Cycle: Quarterly (January 1, 2017 - March 31, 2017)

Additional Details: A session is the period of time a user is actively engaged with your website. All usage data (screen views, events, ecommerce activities) is associated with a session. Our annual target is 275,000.

Generated leads from marketing

Metric Definition

Leads generated from marketing activities.

Goal Met Current Previous Target Trend
696 986 875

Reporting Cycle: Quarterly (January 1, 2017 - March 31, 2017)

Additional Details: Leads recorded in our customer relationship management system attributable to marketing activities. Our annual target is 3,500. We have reduced our online lead-generation quantity goals for FY17, focusing on increasing the quality of leads gained thorugh this channel. However, we've left the total goal the same for the year (3,500) given our projection of leads likely to be generated by WEDC-hosted events.

ABOUT

Agency performance dashboards include cabinet agencies and are updated quarterly during the state fiscal year (July 1-June 30).

CONTACT INFORMATION

Department of Administration
101 E. Wilson St. Madison, WI 53703
Phone: 608-266-1741
Email: WIAgencyPerformance@wisconsin.gov

Copyright © State of Wisconsin