Program goal:

The goal of the Targeted Industry Projects (TIP) Program is to support industry cluster and sector development in the state of Wisconsin.

This program supports the following WEDC Strategic Pillar and Focus Area:

Strategic Economic Competitiveness: Future Industry Strategies

Program description:

The program offers a continuum of services that advance targeted, high-growth business consortia and industry culminating over time in the development, diversification and growth in sectors that provide sustained high-quality jobs, continued innovation and increase in GDP in Wisconsin. Eligible participating organizations include industry alliances and consortia, nonprofits and public institutional entities.

In return for the WEDC investment, recipient organizations must be actively engaged in distinct (non-duplicative) industry or sector development, or engaged in efforts to enhance cross-industry competitiveness, such as workforce development, market development, new investments (domestic and foreign), business attraction and acquisition of specialized competitive assets or facilities. These investments are generally intended to seed startup consortia, help fund industry-related pilot projects or expand successful initiatives to other areas in Wisconsin, or allow for expansion of consortia efforts. It is not the intention of this program to provide funds for ongoing operational needs over the long term.