WEDC’s Hughes offers answers as report assesses COVID-19 impact on state’s economy
Months after lawmakers — and even the state’s top economic development strategist — thought it would be waning, COVID-19 still threatens Wisconsin, as its economy struggles to recover.
Industries are “reeling” — and so are other sectors of the state that are critical to its long-term success: education, child care and health care.
As grim as all that might sound, though, it has also given Wisconsin a chance to focus on important priorities, according to Missy Hughes, CEO and secretary-designee of the Wisconsin Economic Development Corp. (WEDC)....
...Although
less affected at the start, manufacturing and construction will likely
slow down because of lower consumer spending and reduced capital. And
forest products have had “perhaps the starkest divide,” the report
states: record-high demand for some consumer paper goods (recall the
toilet paper hoarding in the spring), while sharp declines in the
catalog and magazine industry due to a fall-off in print advertising. ...
...more
Ken Notes: Good to know we are on the radar screen at WEDC...
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- - Volume: 8 - WEEK: 32 Date: 8/5/2020 7:34:01 AM -