The State of Wisconsin offers a variety of programs, many industry specific, through the Wisconsin Economic Development Corporation and through the tax code. Click here to see all incentives available through the State of Wisconsin Tax Code.
Wisconsin Economic Development Corporation (WEDC) Programs
Bond Issuance Costs Assistance
Industrial Revenue Bond Issuance Costs Assistance funds are available as short-term loans to help defray the additional up-front costs of issuing a tax-exempt bond for private purposes. This program is for applicants utilizing either Industrial Revenue Bonds or Midwestern Disaster Area Bonds.
Bond Volume Cap Allocation
Bonds are an economic development tool that can be used to stimulate capital investment and job creation by providing private borrowers with access to financing at a significantly lower interest rate where other types of financial assistance are not available.
Midwestern Disaster Area Bonds
Midwestern Disaster Area Bonds (MDAB) must be issued before January 1, 2013, and used in a county declared as a federal disaster area. Sheboygan County is one of those counties.
Community Development Block Grant – Economic Development Capital Financing (ED Loans)
CDBG-ED Loans available to assist with working capital, equipment purchases, and training costs.
WEDC Direct Funding (Loans)
WEDC may provide Direct Funding (loans) to businesses. Given the high level of demand and the limited funds available, WEDC should not be considered a source of primary financing. WEDC Direct Funding loan funds will be made available for working capital, equipment, training, building construction and improvements, land acquisition, private infrastructure improvements, asset acquisition, and lease payment reduction for property owners.
Economic Development Tax Credit
Economic Development Tax Credit projects must meet specific requirements. Businesses located in or relocating to Wisconsin may be eligible for Economic Development Tax Credits. A certified business may qualify for tax credits only for eligible activities that occur after an eligibility date established by WEDC. Positions that are created as a result of the tax credits claimed shall be maintained for at least five years after the certification date established by WEDC.
Jobs Tax Credit
Jobs Tax Credit projects must meet specific requirements. Businesses located in or relocating to Wisconsin that are creating full-time jobs may be eligible for Jobs Tax Credits. A certified business may qualify for tax credits only for eligible activities that occur after an eligibility date established by WEDC. Positions that are created as a result of the tax credits claimed shall be maintained for at least five years after the certification date established by WEDC. Special consideration for Jobs Tax Credits is given to manufacturing businesses.
WEDC Training Grant
The WEDC Training Grant aids businesses in workforce retention and expansion into new markets and technology. The program provides grant funds to businesses to upgrade or improve the job-related skills of a business’s full-time employees. Grant funds may be approved for eligible training provided to existing and new employees in full-time jobs.
Technology Development Loans
WEDC provides loans to Wisconsin companies to facilitate research and development and commercialization of innovative technology products.