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
