The Wisconsin Economic Development Corporation (WEDC) provides non-refundable tax credits through the Development Opportunity Zone program to incent new and expanding businesses in the Cities of Beloit, Janesville and Kenosha.
Development Opportunity Zone tax credits may be earned through job creation, job retention and capital investment.
To be certified for Development Opportunity Zone Tax Credits, businesses will be required to submit an application along with supporting documentation. A business will be required to enter into a contract with WEDC for the tax credits prior to any certification or verification of tax credits by WEDC.
WEDC will evaluate Development Opportunity Zone Tax Credit applications based on factors including: