Business Incentives
Wisconsin is business-friendly. It offers a variety of tax incentives for corporations and other businesses to locate or expand their operations within the state. Available tax incentives include exemptions, credits, and other special corporate tax treatment along with preferential treatment of capital gains. In addition, Wisconsin has designated certain areas as Economic Development Zones and local governments have created Tax Incremental Finance (TIF) districts. Businesses locating or expanding operations within Development Zones are eligible to claim development zone tax credits. Businesses locating operations within a TIF district benefit from infrastructure improvements financed by tax increments. More recently, a Technology Zones program was enacted that provides tax credits for high-technology businesses locating in a designated technology zone. Enterprise Development Zones offer tax credits in areas of the state suffering from high unemployment or other economic distress. Tax Exemptions, Credits & Incentives is a fact sheet summarizing Wisconsin business incentives. Wisconsin Business Incentives is a list of the state's primary business incentive programs with hot links to program details and application materials. For a comprehensive overview of tax and business incentives, see State Tax Incentive for Economic Development in Wisconsin (WI).
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GOVERNOR LAUNCHES ACCELERATE WISCONSIN PLAN As part of the next phase of his Grow Wisconsin Agenda, Governor Jim Doyle announced a new initiative to grow start-up businesses in this state. Accelerate Wisconsin will provide new funding and tax exemptions to support investment in new Wisconsin businesses – driving economic development and creating jobs for future Wisconsin citizens. Extra Effort "The state's extra effort in providing specialized training to our people was one of the biggest reasons we decided to expand in Appleton instead of Illinois or Indiana." Ron McLean of Air Wisconsin, a major regional airline that received more than $200,000 in matching grant funds to train 105 mechanics for an expansion of its Appleton, Wisconsin maintenance facility.
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