POPULATION: 5,910,955
LABOR FORCE:
3,148,600
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES:
Heavy machinery, food & beverage, forest products, insurance carriers
EXPANDING INDUSTRIES:
Bio health, food & beverage, forest products, advanced manufacturing, water technology, software publishing
COLLEGE GRADUATES:
(Age 25 and over) 33.2%
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 personalproperty 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
Brownsfield Grant Program
Brownsfield Site Assessment Grant
Business Development Tax Credit
Community Development Investment Grant
Enterprise Zone Tax Credit
Main Street Bounceback Grant
Capital Catalyst
Entrepreneurial Micro-Grant
Entrepreneurship Partner Grant
Qualified New Business Venture Certification
Technology Development Loan
Wisconsin Investment Pilot
Economic Development Tax Credit Programs
Industrial revenue bonds
Downtown development
Direct loans
Training grants
Technology Development Loan
Angel and Early-Stage Seed Investment Tax Credit program
Global Business Development grants
