POPULATION: 5,580,000
LABOR FORCE:3,081,700
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, and 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, machinery
used exclusively for R&D, 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
Economic Development Tax Credit
Programs (consolidated)
Industrial revenue bonds
Forward Innovation Fund
Low-interest loans
Training grants
Tax incremental financing
Wisconsin Entrepreneurial Network
Technology Commercialization
Programs
Angel Investor Tax Credit Program
Early Stage Seed Investment Tax
Credit Program
