Taxes & Incentives

Access to funds and networks that can help businesses grow is available to clients from The Fox Cities Chamber Regional Partnership. We know the ins-and-outs when it comes to taxes, incentives, and additional funding opportunities.

TAXES:

Corporate Income Tax

7.9%

State Sales Tax

5%

Property Tax (per capita)

$1,758

The Wisconsin Manufacturing and Agricultural Tax Credit is equal to 7.5% of a company’s qualified production activities income and can be taken against the corporate income tax liability, thus reducing the rate of tax on Wisconsin manufacturing income from 7.9% to .4%.  More info: WEDC Wisconsin Manufacturing and Agricultural Tax Credit 

Property Tax Exemptions:

  • All advanced manufacturing machinery and equipment
  • Computers, software, and electronic peripheral equipment

Source: Tax Foundation

Incentives Database:

A database full of Federal, State, County, and Local Incentives

Federal/State Incentive Programs

Incentive Program Program Summary
Brownfield Grants WI DNR will grant funds to local governments, businesses, non-profits and individuals for redeveloping commercial and industrial sites that have been adversely affected by environmental contamination.
CAP Services Intended to bring about a permanent increase in the ability of low-income individuals to become economically and emotionally self-sufficient. A number of programs are offered with the goal of creating living wage jobs, such as the following. 

  • Lease/Purchase Program – CAP builds or buys and renovates a facility to a business’ specifications then leases it to the business at its cost with an option to purchase. In return, the business commits to hiring low-income persons.
  • Jobs and Business Development Program – A program available to individuals whose household income is 200% of the Federal poverty level or to businesses that create jobs for low-income persons.
  • Skills Enhancement Program – Assists individuals obtain training to compete for better paying jobs.
Clean Energy Manufacturing Revolving Loan Fund This funding is used to solely benefit our state’s manufacturers who wish to utilize renewable energy or energy efficiency technologies in their facilities, enter a green energy supply chain with a newly developed commercial technology, or retool an existing product to serve the renewable energy or energy efficiency marketplace.
Community Development Block Grant – Economic Development Capital Financing (ED Loans) CDBG-ED Loans available to assist with working capital, equipment purchases, and training costs.
WI Business Development Tax Credits Wisconsin’s Business Development Tax Credits programs provide tax incentives to new or expanding businesses whose projects will affect distressed areas throughout the State.
EDA’s Planning and Local Technical Assistance Programs Grant-based investments under the Planning and Local Technical Assistance programs intend to assist eligible recipients in creating regional economic development plans designed to stimulate and guide the economic development efforts of a community or region.
Export Technical Assistance WEDC’s International Business Development team will work one-on-one with beginning and experienced exporters to: 

  • Assess the demand for Wisconsin-made products outside of the United States and help plan a firm’s approach to international markets in a systematic fashion.
  • IntroduceWisconsin businesses to potential customers, distributors, or partners in other parts of the world.
  • Support service providers here in Wisconsin who can assist in developing profitable international transactions.
Focus On Energy Assists Wisconsin businesses to lower operational costs and improve their bottom lines through energy efficiency and renewable energy projects. Business programs include the Business Incentive, Large Energy Users, Chain Stores &Franchises, Small Business, Multifamily Energy Savings, Design Assistance andRetrocommissioning Programs. There are also custom incentives available for participants in the Business Incentive, Large Energy Users, and Chain Stores &Franchises Programs.
Global Business Development These two grant programs to support the growth and expansion ofWisconsin’s exports. The matching grant programs will assist Wisconsin businesses with export training, development and promotion activities. 

  • Export Development Grant – This grant is designed to help small-medium sized companies become export-ready and to assist them in developing the internal competence to enter and expand into global markets.
  • International Market Access Grant – This grant can be used for reimbursement of specific expenses associated with exhibiting at an approved trade show in a foreign market, participating in a matchmaker trade delegation program or certified trade mission, website and literature localization and consulting services needed to meet certain international product certification requirements.
Impact Seven Greater Wisconsin Fund Designed to assist growing companies to start-up or expand in Wisconsin communities. Typical clients are small- to mid-sized manufacturing firms, while high-tech firms are a priority.
Impact Seven Venture Capital Fund Designed to provide debt financing to growth companies that create new, high-quality jobs in Wisconsin. These debt funds are intended to be complimentary to early stage equity allowing companies to access capital at predictable costs.
Jobs Tax Credit Businesses located in or relocating to Wisconsin that creates full-time jobs may be eligible for Jobs Tax Credits.
New Venture Fund Conducts public interest projects and provides professional insight and services to institutions and individuals seeking to foster change through strategic philanthropy. Intended to help donors and social entrepreneurs launch new projects quickly and effectively, collaborate with each other efficiently, and develop high-impact grant-making programs.
PFA Tax-Exempt Financing Partners with private borrowers and local governments to provide tax-exempt financing for public benefit projects that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities.
Profitable Sustainability Initiative Reduce Environmental Impact while driving profits and creating a competitive advantage.
Small Business Innovation Research (SBIR) A highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization.
Technology Development Loans WEDC provides loans to Wisconsin companies to facilitate research and development and commercialization of innovative technology products.
USDA Rural Development Programs and Opportunities Business Loans and Grants – Working in partnership with the private sector and the community-based organizations to provide financial assistance and business planning. Helping fund projects that create or preserve quality jobs and/or promote a clean rural environment. Often leveraged with those of other public and private credit source lenders to meet business and credit needs in under-served areas. Recipients of these programs may include individuals, corporations, partnerships, cooperatives, public bodies, nonprofit corporations, Indian tribes, and private companies. 

Cooperative Grants and Other Programs — Intended to promote understanding and use of the cooperative form of business as a viable organizational option for marketing and distributing agricultural products.

Single Family Housing Loans and Grants – Provide homeownership opportunities to low- and moderate-income rural Americans through several loan, grant, and loan guarantee programs. The programs also make funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary.

Multi Family Housing Loans and Grants – Provide Rural Rental Housing Loans to provide affordable multi-family rental housing for very low-, low-, and moderate-income families;the elderly;and persons with disabilities. This is primarily a direct mortgage program, but funds may also be used to buy and improve land and to provide necessary facilities such as water and waste disposal systems. In addition, deep subsidy rental assistance is available to eligible families.

Community Facilities Loans and Grants – Provide loans and grants and loan guarantees for water and environmental projects, as well as community facilities projects.

Electric Loans and Grants – Providing leadership and capital to upgrade, expand, maintain, and replace America’s vast rural electric infrastructure.

Telecommunications Loans and Grants – USDA Rural Development continues to provide many programs for financing rural America’s telecommunications infrastructure.

Water Loans and Grants – Water and Environmental Programs (WEP) provides loans, grants and loan guarantees for drinking water, sanitary sewer, solid waste and storm drainage facilities in rural areas and cities and towns of 10,000 or less.

Community and Economic Development Programs – Promote self-sustaining, long-term economic and regional development in rural areas.

Technical Assistance

Technical Assistance

WEDC Training Grant The program provides grant funds to businesses to upgrade or improve the job-related skills of a business’s full-time employees.
WEDC Direct Funding (Loans) WEDC may provide Direct Funding (loans) to businesses.
Wisconsin Department of Agriculture, Trade and Consumer Protection Tax Credits
Wisconsin Manufacturing and Agricultural Tax Credit Beginning in 2013, over the course of four years, this tax credit is intended to reduce the tax rate of a company’s qualified production activity income, as defined under the Internal Revenue Code, which is derived from property assessed as manufacturing or agricultural property in Wisconsin, as defined under state property tax law.
Wisconsin’s Qualified New Business Venture (QNBV) Angel investors, angel investment networks and venture capital seed funds may qualify for Wisconsin tax credits by investing in these designated companies.
Work Opportunity Tax Credit Provides an incentive for private for profit employers to hire individuals of certain target groups, which have traditionally faced significant barriers to employment. These credits reduce an employer’s cost of doing business and require little paperwork. Employers can save up to $2,400 per new hire. For the Long-Term Family Assistance recipients, the employer can save up to $9,000 per new hire, over a two year time period.

Regional Incentive Programs

Incentive Program Program Summary
E-Seed: Entrepreneurship Training Entrepreneurship training seriesthat assists start-up, early-stage entrepreneurs and experienced small business owners in developing management and planning tools for their ventures.
WPPI Business Programs
  • Backup generator program
  • Energy management for schools
  • Enhanced efficiency improvement incentive
  • New construction
  • Power quality services
  • RFP for EE
  • Shared Savings

County Incentive Programs

Incentive Program Program Summary
Calumet County Revolving Loan Fund A 4% interest loan program intended to create jobs within the county.
Outagamie County Revolving Loan Funds A low interest loan program intended to create jobs within the county.
Winnebago County Revolving Loan Fund A low interest loan program intended to create jobs within the county.

Municipality Incentive Programs

Incentive Program Program Summary
Appleton Industrial Revenue Bonds (IRBs) or Redevelopment Revenue Bonds The Revenue Bond Policy contains information about the policy and process for obtaining Industrial Revenue Bonds or Redevelopment Revenue Bonds through the City of Appleton.
City of Brillion Revolving Loan Fund A low interest loan program intended to create jobs within the city of Brillion.
City of Brillion Zero Interest Loan Program Provides up to $8000 per property address, to commercial property owners and/or merchants for exterior building and site improvements. Facade restoration projects within the downtown commercial district are priority projects, but there are not exclusions for commercial properties.
City of Chilton Business Park Revolving Loan Fund A 5% interest loan to offset costs to develop property inside the city’s business park. Loan amount contingent upon development and amount in loan fund.
City of Chilton Central Business District Revolving Loan Fund Offers property owners the opportunity to apply for a $50,000 loan at 2% interest to complete taxable improvements to properties located in the city’s two central business tax incremental finance districts.
City of Chilton Community Development Block Grant Loan Fund Offers 0% interest loans for homeowners to make repairs to their homes or for a down payment to purchase a home located within the city of Chilton.
Grand Chute Industrial Revenue Bonds Grand Chute offers IRB financing for businesses seeking to expand and create new jobs. The Town serves as the conduit for a company to finance capital investment projects at a lower interest rate through issuance of tax-exempt bonds.
Town of Greenville Industrial Revenue Bonds (IRBs) Greenville offers IRB financing for businesses seeking to expand and create new jobs. The Town serves as the conduit for a company to finance capital investment projects at a lower interest rate through issuance of tax-exempt bonds.
Kaukauna RACK The Redevelopment Authority of the City of Kaukauna (RACK) provides low interest loans to assist entrepreneurs in acquiring downtown properties, expanding existing facilities, or purchasing equipment. RACK also administers a Property Assessed Clean Energy (PACE) loan program that lends funds to companies for the completion of energy efficient improvements.
Kaukauna TIF Within the Central Business District and the Industrial Park Network are tax incremental finance districts (TIF) to provide necessary assistance in the placement of infrastructure and other public programs.
Little Chute Business Improvement/Facade Renovation Program A Design Manual primarily applicable within the Central Business District to create and retain the vision of a heritage destination in downtown Little Chute with an Old World European character.
Little Chute Revolving Loan Fund A low interest loan program intended to create jobs within the community.
Little Chute Small Business Micro Loan Intended to assist small businesses in the Village with financing assistance and alternatives that cannot be provided through the Village’s Revolving Loan Program.
City of New Holstein Revolving Loan Fund Offers low interest loans for real estate, working capital, and equipment based upon the number of jobs created or retained. Contact Mike Stutz at (920) 898-5766.
New London Revolving Loan Fund Offers additional loans to businesses wishing to expand or locate in the City. These loans typically are smaller loans ($5,000 – $50,000).
Town of Menasha Healthy Sustainable Business Network Designation Supports and attracts sustainable businesses. Call George Dearborn at 920-720-7105 for more information.
Town of Menasha Industrial Development Bonds Unlike most conventional loans, IRBs can offer businesses a convenient, long-term, and often a fixed-rate financing package. Similar to other municipal bonds, the interest earned on IRBs is exempt from federal income taxes. As a result, the bond buyer is willing to accept a lower rate of interest in exchange for tax-free income.
Neenah Façade Improvement and Design Assistance Offering 50% matching grants, up to $10,000 per storefront, to central business district property owners and merchants who are planning a storefront project. The objective of the program is to support private reinvestment in downtown properties, preserve the historic character of downtown storefronts, promote visible improvement that positively impacts the district, and to increase business in the district.
Neenah Industrial Revenue Bonds (IRBs) Unlike most conventional loans, IRBs can offer businesses a convenient, long-term, and often a fixed-rate financing package. Similar to other municipal bonds, the interest earned on IRBs is exempt from federal income taxes. As a result, the bond buyer is willing to accept a lower rate of interest in exchange for tax-free income.
Neenah TIF Tax Incremental Financing to encourage growth within the city.
Neenah Small Business Loan Program This program provides low cost, fixed rate financing to small, growing companies that are creating new jobs in Neenah.

For more information on the taxes and incentives in the Fox Cities Region, please CONTACT US.