Located in America’s heartland, Wisconsin
is a place of abundant natural beauty, diverse recreational activities,
progressive educational institutions and unsurpassed economic opportunity.
With 15,000 inland lakes, two Great Lakes, three National Park Service
properties and 57 state parks and forests, Wisconsin is blessed
with stunning natural resources. Not surprisingly, it is one of
the top tourist destinations in the Midwest, popular with visitors
during all four of its distinct seasons.
Wisconsin’s appeal isn’t limited to rural areas, though;
the state’s towns and cities have a long history of supporting
arts and cultural activities, offering visitors a wide variety of
museums, galleries, performing arts, events and historical sites.
The state also boasts top-flight professional sports teams, worldclass
entertainment and incredible restaurants and nightclubs.
ECONOMY
The Badger state’s economy is as diverse as its attractions.
Long known as “America’s Dairyland,” Wisconsin
ranks at or near the top in a number of food production categories,
including milk, cheese, cranberries, ginseng and beer. Home to companies
like Harley-Davidson, Rockwell, Miller Brewing and SC Johnson, the
state is also a leader in manufacturing and boasts one of the lowest
unemployment rates in the country.
EDUCATION
Wisconsin has a proud tradition of progressive education. Whether
you are a teacher, student, parent or just an interested citizen,
a wealth of Wisconsin’s educational resources are here at
your fingertips.
TAX INCENTIVES
Wisconsin offers a number of tax incentives for corporations and
other businesses to locate or expand their operations within the
state. Incentives available to businesses include exemptions, credits,
and other special corporate tax treatment. In addition, the state
has designated certain areas as development zones and local governments
have created tax incremental finance (TIF) districts.
Businesses locating or expanding operations within development zones
are eligible to claim development zone tax credits. Businesses locating
operations within a TIF district benefit from infrastructure financed
by tax increments. In addition, a technology zones
programme was recently enacted that provides tax credits for high-tech
businesses locating in a technology zone.
OUTLOOK
Looking forward to 2005 and beyond, the outlook remains positive.
Despite some concerns regarding the price of oil and the pace of
job creation, the national economic forecast anticipates continued
increases in employment and income. In this environment it is reasonable
to anticipate employment growth in Wisconsin to average in excess
of 1.5% annually over the next several years. Nominal income growth
should average over 5% per year and with inflation remaining in
the 2% range, real incomes are expected to increase
steadily.
Wisconsin Department of Commerce
201 West Washington Avenue
Madison, Wisconsin 53703
Tel: +1 608
266 1018
Website: www.wisconsin.gov
|