Wisconsin has long been known for its agriculture and manufacturing industries, but in recent years it has also emerged as an attractive destination for investors. With business-friendly policies, tax incentives, and a skilled workforce, companies are finding new opportunities in the Badger State. This article will examine the key advantages of investing in Wisconsin and highlight some of the prime sectors to consider.
Strong economy and infrastructure make Wisconsin appealing
Wisconsin has a diverse, resilient economy and extensive infrastructure that helps support business growth and expansion. The state’s GDP ranks 20th in the U.S. and major industries like manufacturing, agriculture, healthcare, finance and insurance continue to thrive. Wisconsin also invests heavily in transportation networks, affordable utilities, and telecommunications to facilitate business operations.
Tax incentives reduce costs for investors
Wisconsin offers a range of tax credits, exemptions, and other incentives to lower operating costs for investors. Key programs like the Manufacturing and Agriculture Tax Credit, Enterprise Zone Tax Credit, and Electronics and Information Technology Manufacturing Zone Credit can result in significant tax savings.
Strong workforce and educational pipelines
With a well-educated, highly skilled workforce, Wisconsin provides the talent pipeline many investors seek. The state university system and technical colleges ensure a steady supply of qualified workers. Wisconsin also offers worker training funds and other workforce development resources.
With its robust infrastructure, business-friendly policies, talented workforce and access to major markets, Wisconsin offers many advantages for investors across various industries to consider for their next projects.