Monday, July 06, 2009

Falls Get Aggressive Recruiting Businesses

Good for the Falls.

A national manufacturing firm is negotiating with state and village officials to move its headquarters to the village, bringing an estimated 375 jobs, officials say.

Village officials are offering $3.1 million in incentives to the potential new employer in one of several aggressive moves to boost redevelopment and new construction.

Of course, every incentive package, TIF, etc. needs to be examined on a real-world ROI basis, but at least the attitude of aggressively attracting businesses is there. 

The example above seems to be a good deal if it works.  Let’s say the 375 jobs pay an average of $30,000 per year (below the Wisconsin average).  That’s $11,250,000 in wages pumped into the local economy every year - not to mention the money spent by the business for goods and services.  The ROI for the Village should be fairly quick, plus the community stands to benefit greatly long term with 375 more jobs. 

Keep it up, Falls!

(3) Comments
Posted by Owen at 1726 hrs
Economy + Politics + Politics - Wisconsin

  1. Hmmm, so this is what municipal leadership looks like. I like it. Germantown used to have this type of vision but we seem to have lost out way.

    I was wondering where the Falls’ head was at when they were balking at having a Woodmans locate there. Germantown could/should have snapped that up in a heartbeat if they turned them down.

    With the Falls on the border with Milwaukee they could pick up biz that would love to leave that sink hole.

    This story begs the bigger question: Why doesn’t the Sate of Wisconsin do stuff like this?

    Posted by .(JavaScript must be enabled to view this email address) on July 07, 2009 at 1006 hrs


  2. Of course, the elimination of the QEO is going to suck all that money away. The Falls school board has always bent over backwards to kiss teacher ass.

    Posted by .(JavaScript must be enabled to view this email address) on July 07, 2009 at 1217 hrs


  3. Right to some degree but if you read a blog entry on B&S from over a year ago, (“The Falls Throws a Party” or something like that) because they were holding out on the teachers union and the teachers were protesting. Still, you had all sorts of folks bitch’n at them for caving when the point of the meeting was they were not caving. Then the public comes out to tell the board to cave in and only one brave soul gets up to say enough is enough, don’t cave.  I guess these are the same people who don’t care our Germantown’ test scores are way above theirs.

    Still the end of the QEO should not prevent communities like the Falls to get smart and aggressive in getting something going in their community.

    Posted by .(JavaScript must be enabled to view this email address) on July 07, 2009 at 1741 hrs


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