Programs & Incentives
The 2017 Tax Cuts and Jobs Act (TCJA) established Opportunity Zones to invite private investment in designated economically challenged communities throughout the United States. Private investment in Opportunity Zones is encouraged through tax incentives.
Wisconsin has 120 designated Opportunity Zones, covering more than 40 counties in rural, urban and tribal areas in the state. Three of the designated Opportunity Zones are located in Jefferson and Dodge counties. For more information, visit our Opportunity Zones page.
Business Development Tax Credits
The goal of the Business Development Tax Credit (BTC) Program is to incent new and expanding businesses in the state of Wisconsin. Click here to learn more or download the program flyer under Links & Downloads below.
Business Development Loan Program
The goal of the Business Development Loan Program (BDL) is to support the retention and expansion of businesses operating in the state of Wisconsin.
The program offers financing primarily to small businesses that have limited access to standard types of debt or equity financing, particularly, but not limited to, rural areas of the state. The program is intended to provide gap financing to existing businesses seeking to expand, increase operational efficiency, or enhance competitiveness in key Wisconsin industries. Click here to learn more or download the program flyer under Links & Downloads below.
Financing for Efficiency Improvements
Property Assessed Clean Energy (PACE) is an innovative program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements. Projects financed using PACE can generate positive cash flow upon completion with no up-front, out-of-pocket cost to property owners—eliminating the financial barriers that typically prevent investment in revitalizing aging properties. The term of a PACE Financing may extend up to the useful life of the improvement, which may be as high as 20 years or more, and can result in cost savings that exceed the amount of the PACE Financing. The result is improved business profitability, an increase in property value, and enhanced sustainability. Wisconsin Statute § 66.0627(8) authorizes Wisconsin counties and municipalities to make PACE Financing available in local communities. Currently, both Jefferson and Dodge counties participate in the PACE program. Learn more.
Manufacturing and Agriculture Tax Credit
Starting in 2013, a tax credit became available for income derived from manufacturing or agricultural property located in Wisconsin. It will offset a significant share of Wisconsin income taxes. See the fact sheet under Links & Downloads below.
Wisconsin has a wide range of state tax incentives in place to help businesses grow and create jobs, including targeted tax credit, loan, and grant programs. The City of Whitewater is an opportune location to do business.
The list below contains just a few programs and incentives for businesses.
- The Manufacturing and Agriculture Credit offers tax credits and exemptions on sales and property tax for qualifying businesses, virtually eliminating the tax on income from manufacturing or agricultural activity in the state.
- Businesses beginning to operate, relocate, or expand in Wisconsin are eligible for business development tax credits to create or retain full-time jobs.
- Training Grants are available to assist businesses in upgrading or improving job-related skills for full-time employees.
- Certified in Wisconsin sites are shovel-ready to help your business expand or relocate in less time. A Certified In Wisconsin site has the key reviews, documentations, and assessments most commonly required for industrial uses.