Marriott Hotel was awarded $30MM in New Markets Tax Credits from WHEDA

Incentives

  • Corporations and other businesses currently residing in/or looking to relocate to the Milwaukee region have access to a variety of state tax incentives. These tax incentives include exemptions, credits and other special corporate tax treatment along with preferential treatment of capital gains, all of which are centered on business growth and job creation.

    The Wisconsin Economic Development Corporation (WEDC), the state’s primary agency for business development, offers tax credits and exemptions on sales and property tax for qualifying manufacturing and agricultural businesses. WEDC also provides incentives for businesses planning to move to and hire workers in Wisconsin. Businesses that are looking to relocate operations to the Milwaukee region also have access to Tax Incremental Financing (TIF), a tool used to leverage private development investment. Milwaukee has created more than 70 TIF districts to offer subsidies for redevelopment, infrastructure and other community-improvement projects.

    The Wisconsin Housing and Economic Development Authority (WHEDA) offers a number of programs and services in support of business development, including:

    Milwaukee County offers several other economic development programs that provide financial and technical assistance, and coordinate business and real estate development. Community economic development programs typically work in partnership with the private lending community and utilize similar credit analysis and underwriting criteria. Here are a list of organizations that offer programs in Milwaukee County: