Businesses that begin operating in Wisconsin, relocate to the state, or expand an existing operation here may be eligible for Economic Development Tax Credits (ETC).
Tax credits are allocated for the creation or the retention of full-time jobs, and are based on wage range of the jobs, number of jobs to be created or retained, capital investment made by the business and training costs for new or current employees. If the applicant does not anticipate having a substantial Wisconsin income tax liability, these credits can be transferred to a third party.
Transferring Wisconsin’s Economic Development Tax Credit
What if a company has no projected Wisconsin tax liability? This tax credit can be transferable. When applying for this tax credit, a company must express intent to transfer the credit and meet certain requirements. For more information about transferability, contact your WEDC Regional Account Manager.
Evaluation of all ETC applications will include, but are not limited to, the following factors:
Businesses that are not assisted include, but are not limited to, the following: payday loan and title loan companies, telemarketing, pawn shops, media outlets such as newspapers and radio unless the job creation is significant, retail, farms, primary care medical facilities, financial institutions, tourism unless the job creation is significant, and the hospitality industry.