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
- 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
- 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.