From the Governor
“I am eager to begin work on… finding long-term bipartisan solutions to things that people care about, like roads, and make sure we have a good public education system and healthcare.” —Gov. Tony Evers
Foxconn broke ground in June on Phase I of what will ultimately become a $10 billion manufacturing facility supporting 13,000 jobs. Other investments in the state by such companies as Green Back Packaging, Oshkosh, Milwaukee Tool and Kwik Trip will add more than 2,000 jobs in the coming years. A new marketing campaign to attract more workers and candidates to the state strives to ensure the workforce can keep pace with the growing demand for talent.
Economic Development Corp.
Business Development Tax Credits: Offers a refundable tax credit for companies remaining, expanding or relocating in Wisconsin.
Manufacturing and Agriculture Credit: Virtually eliminates the tax on income from manufacturing activity in Wisconsin, with a 7.5% credit that creates an effective corporate tax rate of .4%.
Qualified New Business Venture: Helps drive investment to innovative, early-stage Wisconsin companies with a 25% tax credit on the amount they invest into a QNB-certified business.
History Preservation Tax Credit: Offers a state income tax credit of 20% for expenses related to the qualified rehabilitation of eligible buildings.
Brownfields Grant Program: Offers grants to local governments, businesses and individuals to develop commercial and industrial sites that have been impacted by environmental contamination.
Wisconsin Economic Development Corp.:wedc.org
Wisconsin Economic Development Association: weda.org
Milwaukee 7: mke7.com
Madison Region Economic Partnership: madisonregion.org
Highlighted Program or Initiative
Wisconsin recently embarked on a $6.8 million multifaceted national marketing campaign to attract individuals from other markets and retain highly skilled workers. The campaign is targeting Midwest millennials in 13 Midwest metro areas, Wisconsin alumni who are now living outside of the state and transitioning veterans.
- Kwik Trip announced in October 2017 a $309 million expansion project in La Cross that will create more than 300 jobs.
- Brakebrush Brothers announced in November 2017 a $86 million expansion in Marquette County that will create more than 200 jobs.
- Allegheny Technologies announced in March 2018 a $95 million expansion in Cudahy that will create 125 jobs.
- Milwaukee Tool announced in July 2018 it will build a $32 million R&D facility in Brookfield and create 350 jobs.
- Green Bay Packaging broke ground in August 2018 on a $500 million paper mill that is expected to create 200 jobs and retain 1,400 jobs statewide.
- Oshkosh announced in August 2018 it will construct a new, 190,000-square-foot global headquarters in Oshkosh.
Nine Fortune 500 companies are headquartered in the state:
Northwestern Mutual Life Insurance
American Family Insurance Group
WEC Energy Group
“Wisconsin has a rich manufacturing history in industrial automation, healthcare and more, and a strong talent pool of engineers, technicians and craftsmen who are the backbone of America. We are looking forward to building on that history and tapping into that pool.” —Terry Gou, Founder and Chairman, Foxconn Technology Group
“As a global company based in the United Kingdom, 4imprint had several options for its expansion project, but chose to invest in Wisconsin because it was the best fit for the company’s growth strategy and because it enabled the company to continue providing outstanding customer service.” —Kevin Lyons-Tarr, CEO, 4imprint
“In the end, it became clear that Wisconsin was the best alternative for the long-term competitiveness of the company. It came down to Wisconsin because of the favorable business climate and better long-term economics.” —Keith Smith, President, Vonco Products