Economic profile

Now experiencing an economic boom that started with technological advancements in the manufacturing sector, Wisconsin is leading the way in productivity and sustainability. With more than 460,000 manufacturing jobs and $55 billion in yearly manufacturing output, there’s clearly a healthy worldwide demand for Wisconsin products.

Major international employers choose Wisconsin:

  • The Toro Company
  • Mars Petcare
  • DuPont
  • The Kraft Heinz Company
84% of all Wisconsin exports are manufactured goods.

Business advantages in the Badger state

Low corporate income tax

  • A single-sales-factor tax treatment.
  • Corporations play a flat 7.9% tax rate — and that hasn’t changed in 20 years.
  • When the income tax credit is fully phased in, the effective corporate tax rate for manufacturing and agricultural activities is only 0.4%.
  •  Exemptions from the sales and use tax include:
    • Manufacturing machinery and equipment
    • Manufacturers’ raw materials
    • Fuel and electricity used in manufacturing

Right-to-work state

  • Wisconsin law prohibits agreements that require membership in a labor organization as a condition of employment.
  • 5% reduction in workers' compensation rates was approved in October 2016.

A simplified business climate

  • The business climate is attractive to companies looking to expand, relocate or establish North American operations.
  • Policies have created an environment that supports business success.
  • The cost of unemployment insurance is one of the lowest in the nation.

Mark is here to help!

Call Mark Seckman, Senior Economic Development Manager, at (319) 786-4392 or use our online form.