06/08/2026
Today I am worried that the City of Watertown, WI - Government is about to make an unforced error by terminating its partnership with Thrive Economic Development, our regional partner in sustaining and attracting industrial and large employers, and the group who found more than a million dollars to help with the housing project out by the YMCA.
Earlier this year, Finance met and prepared a written (through confidential) memo for Thrive to evaluate and to serve as the basis of negotiations for a renewed level of service. I don’t know where negotiations broke down (though one Thrive board member said they only received the memo “last week”) but an outright termination of the agreement would suggest that negotiations have broken down.
Years ago the now-defunct “Watertown Economic Development Corporation” (WEDC) proved that a single-city, go-it-alone approach was a relic of yesteryear, and former Mayor David wisely folded most of the WEDC’s industrial recruitment duties into the professional economic development services of ThriveED. (He also served as president for the group for a while.)
Since that time ThriveEd has been rather successful in developing housing in Watertown and attracting employers to the area. They’ve also educated community leaders on what conditions (e.g., TIF) attract businesses and developers to a community, and have helped patch up relationships between the City and business leaders (e.g., after the Allwardt and BFTS cancellations).
The City has also worked with the Dodge County economic development group - most notably on the $100k subsidy that helped build the Habitat for Humanity houses near MATC last year - but they seem to only have a subset of the resources and services that ThriveED currently has. And Dodge County and Jefferson County are once again looking at jointly backing ThriveED as the agency to represent both counties, with HQ in Watertown. In other words, I don’t think the City currently has a viable regional alternative other than ThriveED, and IMO we’ve picked a weird time to annoy them and the Watertown business community that supports ThriveED.
I’m hoping we learn more about the conflict in the coming days and still find a way to continue to work together as partners.
Meeting packet for Finance on June 8:
https://mccmeetings.blob.core.usgovcloudapi.net/watertwnwi-pubu/MEET-Packet-b78464ca5df64a439b9df6dd750f7128.pdf
Watertown Daily Times article about potential two-county organization:
https://www.wdtimes.com/news/local/thriveed-eyes-expansion-into-dodge-county/article_f148bc94-099c-4680-bfb1-d18949510f62.html