#17 Wisconsin


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


Keeping Pace

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.

Key Contacts

Economic Development Corp.

Barb LaMue, VP
608-210-6760
201 W Washington Ave
P.O. Box 1687
Madison, WI 53701
barb.lamue@wedc.org
http://inwisconsin.com/

Mark Hogan, Secretary & CEO
(608) 210-6700
201 W Washington Ave
P.O. Box 1687
Madison, WI 53701
mark.hogan@wedc.org
http://inwisconsin.com/

Key Incentives

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.

EDCs

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.

Big Deals

  • 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.

Big Companies

Nine Fortune 500 companies are headquartered in the state:

Northwestern Mutual Life Insurance
Manpower Group
Kohl’s Group
American Family Insurance Group
WEC Energy Group
Oshkosh
Rockwell Automation
Fiserv
Harley-Davidson

C-Suite Testimonials

“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

- Advertisement -

CEO1000

CEO1000 Tracker

From the schools they went to to the types of companies they run, CEO1000 is tracking the trends among the CEOs of the 1,000 largest U.S. companies.

CEO CONFIDENCE INDEX

CEO Confidence Plunges In August Amid Growing Trade Worries And Slowdown Fears

CEO confidence in future business conditions fell 6% in August from July, according to Chief Executive’s most recent polling. At 6.2 out of 10 on our 1-10 scale, confidence is at its lowest level since October 2016.
- Advertisement -

BEST & WORST STATES FOR BUSINESS

Best and Worst States For Business

Are you looking to relocate or expand? Evaluate each state's strengths with Chief Executive's 2019 Best & Worst States for Business.

CEO OF THE YEAR

CEO of the Year

Once a year, we celebrate the achievements of a CEO, honored for his or her success in and dedication to business, shareholders and customers.

SUBSCRIBE TO CHIEF EXECUTIVE

Sign Up to Receive Chief Executive’s Magazine and e-Newsletters

Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.