The following includes information regarding development assistance, tax incentives, and foreign trade zones.
Midwestern Area Disaster Bonds
Provide assistance to areas in the Midwest that suffered severe storms, tornadoes and flooding in the spring and summer of 2008. To qualify, the business or trade must have suffered a loss attributed to the severe storms, tornadoes or flooding or, the business must be replacing a business or trade that suffered a loss. The loss and the project financed with the bonds must be located in any one of more of the 30 counties declared a major diaster area. The eligible counties are shown in orange and red on this map.
To learn more, visit http://www.ladcoweb.org/avsapps/Content/Files/MDAB Fact Sheet 11-5-09.pdf or contact Steve Sabatke 608-267-0762.
Brownfields Initiative
Grants are available for environmental remediation activities for brownfield sites where the owner is unknown, cannot be located or cannot meet the cleanup costs.
Business Employees' Skills Training Program
This program helps small businesses in industries that are facing severe labor shortages upgrade the skills of their workforce, including tuition reimbursement to help cover a portion of the costs associated with training employees.
Certified Capital Companies Program
This program invests venture capital funds in small business enterprises which have traditionally had difficulty in attracting institutional venture capital.
CleanTech Partners
(Formerly Center for Technology Transfer) Lends assistance to facilitate technology commercialization and help entrepreneurs with new technology through project funding, business mentoring, grants assistance and intellectual property assistance.
Community Development Block Grant Economic Development Program
Grants are available to communities to loan to businesses for start-up, retention and expansion projects based on the number of jobs created or retained.
Customized Labor Training Fund
Training grants are available to businesses that are implementing new technology or production processes. The program can provide up to 50 percent of the cost of customized training.
Early Planning Grant Program
This program helps individual entrepreneurs and small businesses obtain the professional services necessary to evaluate the feasibility of a proposed start-up or expansion.
Entrepreneurial Training Grant Program
Grants are available to help cover a portion of the cost of attending Small Business Development Center's new Entrepreneurial Training Course.
Freight Railroad Infrastructure Improvement Program
This program awards loans to businesses or communities wishing to rehabilitate rail lines, advance economic development, connect an industry to the national railroad system, or make improvements to enhance transportation efficiency, safety and intermodal freight movement.
Industrial Revenue Bonds
This concept allows for municipal bonds whose proceeds are loaned to private persons or businesses to finance capital investment projects.
Linked Deposit Loan
Women- and minority-owned and operated businesses have access to a two-year interest rate subsidy on the portion of a new bank loan of $10,000 to $99,000 that covers land, building and equipment.
Major Economic Development Program
This program assists businesses that will invest private funds and create jobs as they expand in or relocate to Wisconsin.
Minority Business Development Fund
This fund offers low-interest loans for start-up, expansion or acquisition projects. The businesses must be 51-percent controlled, owned and actively managed by minority-group members and the project must retain or increase employment.
Rural Economic Development Program
Working capital or fixed asset financing is available for businesses with fewer than 50 employees.
Technology Development Fund
This fund helps businesses research and develop technological innovations that have the potential to provide significant economic benefit to the state. Up to 75 percent of the eligible project cost can be financed.
Technology Development Loan
This program helps businesses develop technological innovations that have the potential to provide significant economic benefit to the state. Up to 75 percent of the eligible project cost can be financed.
Transportation Economic Assistance Program
Funds are available for transportation facility improvements (road, rail, harbor, and airport) that are part of an economic development project.
Agricultural Development Zone
This program provides tax incentives to new or expanding businesses involved in Wisconsin's agricultural sector.
Community Development Zones
This tax benefit initiative encourages private investment and aims to improve both the quality and quantity of employment opportunities. The program offers tax benefits to assist businesses that meet certain requirements and are located or are willing to locate in one of Wisconsin's 22 Community Development Zones.
Enterprise Development Zone Program
Site-specific tax incentives are available to new or expanding businesses whose projects will affect distressed areas.
Manufacturer's Sales Tax Credit
These tax credits are allowed for the amount of state, county and stadium sales and use taxes paid on fuel and electricity used in manufacturing tangible personal property in Wisconsin.
Research Credits
These credits are available for increasing research activities in Wisconsin and for constructing and equipping new facilities or expanding existing facilities in Wisconsin for qualified research. [NOTE: links to Acrobat PDF file]
Tax Incremental Financing (TIF)
Helps cities attract industrial and commercial growth in underdeveloped and blighted areas. A city or village can designate a specific area within its boundaries as a TIF district and develop a plan to improve its property values. Taxes generated by the increased property values pay for land acquisition or needed public works.
Technology Zone Credit
This credit provides an incentive for new or expanding high-technology businesses to locate in a Wisconsin technology zone.
