From the Governor
“Southeast Wisconsin is increasingly becoming a destination of choice for high-value manufacturing jobs that require a skilled, educated workforce.” —Gov. Tony Evers
Opportunity Grows in the Badger State
Wisconsin has attracted more foreign investment in recent years, especially from food manufacturing and life science companies that aim to access the state’s natural resources and educated workforce. Notable projects in the past year include a new headquarters for Komatsu Mining Corporation, a $200 million investment by Kimberly-Clark Corporation, and a $190 R&D facility by Promega Corporation.
Manufacturing and Agriculture Tax Credit: Offers a tax credit of up to 7.5% of eligible qualified production activities income to individuals and entities for income derived from manufacturing or agricultural property located in the state.
Enterprise Zone Program: Offers refundable tax credits to reduce state income tax liability or provide a refund, helping enhance cash flow to either expand projects, accelerate the timing of the project, or enhance payroll.
Qualified New Business Venture Program: Offers tax credits of up to 25% of the value of the investment made in the company to eligible angel and venture fund investors who make cash equity investments in qualified early-stage businesses.
Historic Preservation Tax Credit Program: Offers transferable tax credits of up to 20% of the costs to eligible entities rehabilitating certified historic buildings.
Community Development Programs: Wisconsin’s Brownfields Grant Program, Idle Sites Redevelopment Program, Site Assessment Grant Program and Community Development Investment Grant Program combine to help companies and communities revitalize underused commercial properties.
Wisconsin Economic Development Corporation: wedc.org
Wisconsin Economic Development Partnership: mke7.com
Madison Region Economic Partnership: madisonregion.org
Highlighted Program or Initiative
Hiring Our Heroes, Wisconsin’s talent attraction program has earned national attention for its targeted outreach to transitioning military services members and their families. In addition to media and initiative-specific interactive tool development, the program relies heavily on face-to-face interaction with service members throughout the country to connect them with career and educational opportunities.
- Allegheny Technologies announced in March 2018 a $95 million expansion of its operations in Cudahy with the potential to create 125 jobs.
- Green Bay Packaging announced in June 2018 the creation of 200 jobs at a $500 million paper mill expansion.
- Komatsu Mining announced in September 2018 a $285 million state-of-the-art headquarters and manufacturing campus in Milwaukee with the potential to create over 400 jobs.
- Kimberly-Clark announced in December 2018 plans to invest up to $200 million in its Neenah Cold Spring Facility over the next five years.
- Promega announced in January 2019 up to 100 jobs at a $190 million R&D facility in Fitchburg.
- Sub-Zero Group announced in July 2019 a $70 million expansion of its operations in Fitchburg and 100 jobs.
10 Fortune 500 companies headquartered in state:
Northwestern Mutual Life
American Family Insurance
“We are preserving existing jobs, laying the groundwork for new employment opportunities, investing in the workforce of tomorrow and helping attract talent to the area. Milwaukee is a great place for manufacturing. We are proud of our history here and excited to start building our future.” —John Koetz, President, Surface Mining, Komatsu Mining
“The state of Wisconsin, with its persuasive and attractive incentive programs, made it an easy choice to set up shop in Prescott. DMC received substantial financial help from the city and state, which ensure we could build a factory large enough on adequate land space to accommodate the company’s immediate needs and allow for potential growth.” —Ram Motilall, President, Diversified Manufacturing
“Many of our best suppliers are found right here in the state of Wisconsin because of the cost competitiveness that they have, because of the quality of work that they do with their products and services.” —David Kohler, President and CEO, Kohler