Wisconsin is experiencing an economic renaissance. Spawned by experience in a wide range of technology-oriented industries, assisted by our government’s firm commitment to economic development, and fueled by an aggressive attitude, a more competitive Wisconsin has emerged. Here are some of the reasons why:
- Wisconsin’s business taxes are among the lowest in the country due to property tax exemptions for manufacturing machinery and equipment, computers and computer equipment, inventories and pollution-control equipment.
- Wisconsin provides tax credits for energy used in manufacturing and for R & D expenditures.
- Wisconsin has single-sales-factor tax treatment and a 60% capital gains exclusion; no unitary tax on foreign-owned corporations; no inheritance and gift taxes.
- Wisconsin’s worker’s compensation rates for most industries consistently rank among the lowest in the country.
- Wisconsin electric rates are among the lowest in the country; commercial and industrial water and sewer rates are also among the lowest in the nation.
- Wisconsin has one of the lowest cost of living indices in the country.
- A Customized Labor Training Fund and more than 500 technical outreach training locations assist companies in their specific training needs.
- Wisconsin’s Technology Development Fund makes grants in support of university and industry R & D for new products and processes.
- The University of Wisconsin receives more research and development money than any other public university in the country.
- No public institution - anywhere - spends as much on transfer of applicable technology to private industry as the University of Wisconsin (Madison, WI).
- Wisconsin’s technical college system offers more than 800 degree programs and serves one out of every eight adults - twice the national average.
- Wisconsin is among the top 15 states in industrial production.