Are you considering doing business in Wisconsin? Wisconsin's economy has been uneven lately, showing both strengths and weaknesses. Traditionally, Wisconsin's economy has had dairy farming as its lynchpin. Farming, especially dairy farming, remains important, but manufacturing has become the focal point of the state's economic activity. Wisconsin's industries are diversified, and nonelectrical machinery and food products are the most important products. Other significant industries in Wisconsin include paper and pulp products, transportation equipment, electrical and electronic equipment, and fabricated metals.
Economic growth in Wisconsin has been concentrated in the southeastern part of the state, where soils and climate are favorable for agriculture. Skilled laborers are there to fuel industry, and access to transportation, markets and capital is straightforward.
Wisconsin withstood a terrible slump in 1981 through 1982, as did much of the US. Unemployment rose to 11.7 percent and the loss of manufacturing jobs seemed like something that would not be repaired. Manufacturing has still remained Wisconsin's dominant sector, however, and accounts for 27 percent of the state's output as of 1997 and continues to grow slowly but steadily.
Strongest growth, as is the case with most of the rest of the United States, is in service industries, with output from general services up 29.1 percent, and income from financial services up 25.2 percent, government, trade and the transportation utilities sectors all grew 20 percent in the late 1990s. The diversity of Wisconsin's economy is dampening the effects of the current economic downturn on the state, and the state is likely to be among the first to rebound, as it was in 2002 after the slowdown of 2001.
The 2001 gross state product for Wisconsin was $177.4 billion, ranking it 20th among the states of the USA. Manufacturing accounted for $42 billion of that, with general services $32.9 billion, financial services, $29.2 billion, trade, $28 billion, government, $20.4 billion; transportation and public utilities, $12.5 billion, and construction, $8.6 billion. Whatever industry your company operates in, Wisconsin is a great place to do business.
Serviced Offices in Wisconsin
If you are planning on doing business in Wisconsin, Your City Office can help you find office space. Your City Office has a number of locations offering serviced offices throughout the state of Wisconsin.
If you are planning on doing business in Milwaukee, there are a number of excellent facilities available. A good example is the facility on East Wisconsin Avenue. It boasts a fantastic location, and provides many services, such as full reception services, twenty four hour access, personalized telephone answering, high speed internet, meet and greet service, message taking, faxing and photocopying. You can park your cars on site, and your company will benefit from 24-hour access.
Another fine example is the South Executive drive office in Brookfield. With large windows, an elegant reception area, and numerous services and amenities, and offering close proximity to the Westmoor Country Club and Brookfield Hills Golf Course, this could be an ideal location for your business. There are many more serviced offices available in Wisconsin; there is bound to be one that suits your company perfectly. |
