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FORETHOUGHT - Whyte Hirschboeck Dudek SC

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Many of these same opportunities may<br />

be present in Wisconsin for businesses<br />

that address water issues. The Water<br />

Council has been working for several<br />

years to strengthen the region’s status<br />

as a hub for water innovation, research<br />

and industry. In part due to the success<br />

of The Water Council, the region is now<br />

home to more than 130 water technology<br />

companies, more than 100 academic<br />

scientists and researchers focused on<br />

water solutions, the largest freshwater<br />

research institute on the Great Lakes, and<br />

academic programs focused on water at<br />

the University of Wisconsin–Milwaukee,<br />

Marquette University Law School and<br />

the University of Wisconsin–Whitewater.<br />

Milwaukee has been designated as a<br />

U.N. Global Compact City, recognized<br />

internationally as a center of freshwater<br />

expertise. The Water Council is poised to<br />

open a new water research and business<br />

accelerator center in Milwaukee’s Walker’s<br />

Point neighborhood in 2013 to attract<br />

and create new businesses in the water<br />

industry and to serve as a catalyst for the<br />

development of the Reed Street Yards<br />

water technology research park that is<br />

being developed by the City of Milwaukee.<br />

These programs and projects present an<br />

opportunity for Wisconsin businesses to<br />

collaborate and innovate new products to<br />

take advantage of water issues.<br />

Conclusion<br />

Water issues will continue to present<br />

challenges and opportunities to<br />

businesses. To help position your<br />

business in the best possible light,<br />

consider the following:<br />

• What impact could water issues have<br />

on your business, including water<br />

quality, water quantity or supply-chain<br />

risk from flooding or drought<br />

• Can your business introduce<br />

products or services that address<br />

water issues<br />

• Can your business take advantage<br />

of opportunities presented by its<br />

location, including those offered by<br />

the The Water Council n<br />

REAL ESTATE / ENVIRONMENTAL 41

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