Specifications include, but are not limited to: WEDC is seeking an in-depth program evaluation and analysis of its Business Development Tax Credit (BTC) program in order to understand the effectiveness and economic impact that its BTC investments have had, and to inform the design of the program going forward to provide the highest economic benefit to the State of Wisconsin. Greater detail regarding the program can be found in the Appendix A. Evaluation of BTC project outcomes, impact, and return is to be considered for the set of awards that are closed, which corresponds to contracting across budget years 2016 to 2020 (approximately 115 awards). 1. EVALUATION OF EXISTING PORTFOLIO: a. What has been the return on investment (ROI) to the State of Wisconsin based on the performance of BTC awards? b. Provide an opportunity cost analysis; do better alternatives exist to meet the goal and/or ROI? c. Are there other factors that should be considered for project success such as economic well-being, business size, social & community impacts, current market conditions, workforce, clean energy investment, geography, industry cluster etc. beyond the monetary return on investment?
