Promoting Economic Development
By Jeffrey Emmerich, Sarah Hajduk, Alec Hill, and Kyle Kostick
New businesses, parks, and events are all examples of economic development happening in the Chippewa Valley through the Eau Claire Area Economic Development Corporation. These developments generate employment, bring in visitors, and create growth opportunities in the Chippewa Valley.
Mike Schatz of the Eau Claire Economic Development Corporation, said there are different categories that make up the economic landscape of Eau Claire. "The City of Eau Claire's Economic Development Department focuses on three areas: Business Retention, Business Recruitment, and Business Expansion." For retention, we conduct business calls with managers/officers/CEOs to ensure we are well informed as to the current business climate in the area and to provide in any way that we can with issues that a company may be facing."
Brain Doudna the Executive Director Eau Claire Economic Development Corporation, touched on other areas of economic development. He said "There are many economic development organizations in the region. In addition to the traditional economic development efforts focused on business recruitment and expansion, there are several focused on special initiatives such as downtown, tourism or innovation led economic development."
Both organizations are focused on keeping potential sources for economic development in the area. Those sources would be graduating students from the surrounding universities and retaining their talent for business growth and employment.
"The EDC’s business recruitment efforts are strategically connected to the talent produced by the higher education facilities located in the region, such as the University of Wisconsin-Eau Claire and the University of Wisconsin-Stout," said Doudna.
Mr. Schatz remarked that keeping students in the area for economic development is also one of his department's goals. Schatz said "All of our efforts are aimed at creating quality jobs that help keep our young local talent in the area. The more educated our workforce, the more attractive Eau Claire becomes to prospective companies. It becomes a cycle."
For more information, visit the Eau Claire Area Economic Development Corporation website.
From left to right: Jeffrey Emmerich is a senior accounting major from Wausau, WI; Sarah Hajduk is a senior finance major from Farmington, MN; Alec Hill is a senior public relations major from Marshfield, WI; and Kyle Kostick is a senior history/political science major from Hudson, WI. They wrote this article for their BCOM Advanced Writing class. They wrote this article for their BCOM Advanced Writing class.