POPULATION: 5,580,000
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Manufacturing, agriculture, forestry, tourism
EXPANDING INDUSTRIES: Trade, finance, biotechnology, high-technology manufacturing, printing, healthcare
COLLEGE GRADUATES: (Age 25 and over) 22.8%
BASIC BUSINESS TAXES:
Single-factor tax treatment
Corporate Income Tax: 7.9 percent of net income
Sales and Use Tax: 5 percent of gross receipts from sales, leasing, or renting tangible personal property and certain services, with exemptions
Property Tax: Rates vary by taxing jurisdiction (towns, villages, cities, counties, school districts, & special districts); nonmanufacturing assessments are done at the local level at some percentage of market value; taxes are levied within taxing jurisdictions using the local assessment; property tax exemptions are offered for manufacturing machinery, equipment, inventories, computers, and computer equipment; a sales tax exemption for equipment and energy used in the manufacturing process
BUSINESS INCENTIVES:
Brownfields Initiative
Community Development Block Grant Programs
Development Zone Programs
Industrial Revenue Bonds
Minority Business Development Fund
Rural Economic Development Program
Tax Incremental Financing
Wisconsin Entrepreneurial
Network
Technology Zone Program
Technology Development Fund
Technology Commercialization Program
Angel Investor Tax Credit Program
Early Stage Seed Investment Tax Credit Program