As of 2022, Wisconsin's GDP was over $348 billion, with the manufacturing sector accounting for approximately 19% of the state's total output, according to the Bureau of Labor Statistics (BLS).
The state is home to a diverse range of industries, including manufacturing, agriculture, healthcare, and technology, providing a unique environment for businesses to thrive.
Wisconsin's tech scene is rapidly growing, with major cities like Madison and Milwaukee experiencing an influx of startups and established companies alike.
The state's strong educational system, including the University of Wisconsin-Madison and Marquette University, provides a steady supply of skilled talent for the tech industry.
In addition to its thriving tech scene, Wisconsin is also known for its business-friendly environment, with a relatively low cost of living and doing business compared to other states in the region.
According to the Wisconsin Economic Development Corporation (WEDC), the state is home to over 400,000 small businesses, which account for approximately 99% of all businesses in the state.
The WEDC also reports that Wisconsin has a highly skilled workforce, with over 40% of residents holding a bachelor's degree or higher.
The state's strong manufacturing sector is also a significant contributor to its economy, with major industries including paper production, food processing, and machinery manufacturing.
Wisconsin is also a leader in the production of dairy products, with the state ranking second in the nation for milk production and first for cheese production, according to the Wisconsin Department of Agriculture, Trade and Consumer Protection.
The state's agricultural sector is also a significant contributor to its economy, with the Wisconsin Farm Bureau Federation reporting that agriculture contributes over $88 billion to the state's economy each year.
In terms of technology, Wisconsin is home to a number of major companies, including Epic Systems, a leading provider of healthcare software, and Harley-Davidson, which has a significant presence in the state and is leveraging technology to drive innovation in the manufacturing sector.
The state is also home to a number of startups, including companies like Fetch Rewards, a mobile app that rewards users for purchasing certain products, and Kiio, a company that develops software for the healthcare industry.
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