WMC Foundation’s Future Wisconsin Project released its “Wisconsin 2035” report to detail the challenges facing Wisconsin’s business community and propose potential solutions for long-term economic growth. The new publication identifies the workforce shortage as the biggest problem facing Wisconsin’s business community. The workforce shortage must be tackled in three ways: attraction, retention and expansion.
WMC Foundation announced its focus on a long-term strategic plan for Wisconsin aimed at creating sustained economic growth in 2014. Since then, WMC Foundation has been devoted to conducting research amongst employers throughout Wisconsin to better understand the business community’s concerns about the labor shortage and map out potential solutions.
The report highlights many solutions to Wisconsin’s workforce shortage:
- Talent Attraction – Wisconsin must invest in a talent attraction campaign
- Tax Reform – Wisconsin must lower taxes to attract more businesses and individuals to the state
- Education Reform – Wisconsin must invest in more STEM and technical education programs