105 Milwaukee Leaders hear Scale Up Milwaukee’s $1.4 Billion Economic Engagement Plan
On April 13th, the Scale Up Milwaukee team presented their long-term plan for growth in the region with over 100 Milwaukee leaders convened for one of the Greater Milwaukee Committee’s members’ meetings. Dan Isenberg, thought and practice leader of Scale Up Milwaukee, presented the growth trajectory Scale Up Milwaukee will take and the impact it will have on the region’s economy. Scale Up Milwaukee is on track to impact more than $1 billion of economic activity in the Milwaukee region by 2020. This pro forma is conservative in that it only reflects the revenues and top line growth of the Scalerator participants, and does not include “spillovers” to other companies, impact on the supply chains of the Scalerator, additional investments, or other “ecosystem” impacts.
The event included a prominent business and public leaders from Milwaukee and the state who voiced their opinions on growth and the impact Scale Up Milwaukee is having. Lt. Gov. Rebecca Kleefisch keynoted on the importance the state attaches to the contribution of Scale Up Milwaukee to Wisconsin’s economic development programs. Ugo Nwagbaraocha, president of Diamond Discs International and 2013 Scalerator graduate, spoke about how his business has grown dramatically, including expansion of Diamond Discs’s facilities in Milwaukee, since the Scalerator program. Dave Werner, Park Bank president and co-chair of Scale Up Milwaukee (see Steering Council names below), shared the unique role banks play in Milwaukee’s entrepreneurship ecosystem and how Park Bank has benefited from Scale Up Milwaukee’s activities. Jerry Jendusa, EMTEQ founder (EMTEQ was acquired by the UK giant, BE Aerospace in 2014) and also Scale Up Milwaukee co-chair, commented that with a more robust ecosystem for entrepreneurial growth, companies such as EMTEQ will be able to grow more rapidly. Rich Meeusen, CEO of Badger Meter, discussed the opportunities Scale Up Milwaukee is creating for large companies through the CEO Forum.
The GMC event also included a “Scalerator Village” at which Scalerator graduates presented their products and services, and explained to the attendees how they are achieving much more ambitious growth. This was a unique opportunity for the growing businesses of the region to demonstrate their leadership as pioneers in the entrepreneurship ecosystem in Milwaukee.