Tax Credits

The actual amount awarded per project is based upon a number of factors including wage levels and benefits, but it averages approximately $5,000 per job. These credits can be earned over a seven year period and can only be used to off-set Wisconsin income tax. The tax credits are non-refundable and can be carried forward fifteen years.

Agricultural Development Zone (ADZ) Program
The Agricultural Development Zone program was designed to help attract, promote, retain and encourage the expansion of agricultural businesses in Wisconsin.  Within the New North, the counties of Marquette and Green Lake qualify and are part of the South Central ADZ Region.

Angel Investment Tax Credit Program
Angel investors and angel investor networks that invest in Qualified New Business Ventures may be eligible to claim an income tax credit on that investment, equal to 12.5% in each of two years.

Community Development Zones
Wisconsin's Community Development Zone (CDZ) Program can help if you plan to expand your business, start a new one, or relocate your current business to Wisconsin. The CDZ Program is a tax benefit initiative designed to encourage private investment and to improve both the quality and quantity of employment opportunities within designated zones.  Within the New North, those zones are the counties of Florence, Oconto, Marquette, and Marinette, and the cities of Sturgeon Bay, Green Bay, Fond du Lac, Two Rivers and Manitowoc.

Enterprise Development Zones
The Enterprise Development Zone Program provides tax incentives to new or expanding businesses whose projects will affect distressed areas.

Research Credits 
Wisconsin actively encourages investment in research as well as the construction, equipping and expanding of new qualified research locations.  The link supplied here references a PDF file outlining a variety of available tax credit programs, including research credits.

Venture Capital Tax Credits
Venture Capital Funds that are certified by the Department of Commerce and that invest in Qualified New Business Ventures may be eligible to claim a 25% income tax credit on that investment.  Up to $2 million in aggregate cash equity investment by a qualified fund in a single Qualified New Business Venture may qualify for the tax credit.

Wisconsin Technology Zone Program
Wisconsin's Technology Zone Program offers stimulus to the growth of businesses in Wisconsin's high-technology sectors.  The New North encompasses the NEWREP Technology Zone.