w w w.in s i g h t o n m f g . c o m May 2014
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/insight on manufacturing
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dwd.wisconsin.gov/wff/default.htm.
» manufacturing & agriculture
tax Credit – to support the retention
and expansion of businesses in
these core industry sectors, the state
approved a special tax rate that phases
in over several years. i'll spare you lots
of government-speak and summarize
this way: if you run a manufacturing
or agricultural business, your state
tax rate will drop a bit in each of the
next several years until it almost hits
zero! ere is special paperwork
you need to file to claim the credit,
so make sure your finance people
know about it. Visit inwisconsin.
com/grow-your-business/programs/
wisconsin-manufacturing-
and-agriculture-credit.
» WeDC tax Credits – e state
also offers a tax credit reducing
corporate tax liability for each new job
you create. You need to apply for the
credit before hiring; eligibility is based
on projections of future activity in a
specified period. if you also qualify
for the manufacturing and agriculture
tax credit – which is reducing the tax
rate levied on your business income –
then the power of the jobs credits will
diminish as your tax liability shrinks.
however, it can still be worthwhile for
manufacturers to apply for the jobs
credits if you anticipate a major phase
of growth that will boost your income
(and taxes!) and require hiring more
workers. Visit inwisconsin.com/
grow-your-business/programs/
jobscredit. Other credits are available
from WeDC based on capital
expenditure and training costs, too.
Go to inwisconsin.com/grow-your-
business/programs/economic-
development-tax-credits.
e sheer number of programs
can seem overwhelming, not to
mention the complexity of each
individual program. Luckily,
organizations like the fox Cities
regional Partnership exist to help
determine your eligibility and
navigate the process with you.
F
Josh Dukelow is existing industry
manager for the Fox Cities Regional
Partnership. Call him at (920) 831-
4905 to learn about your eligibility for
government incentives.
In 2014, Outagamie County created
its own revolving loan fund using
local funds free of federal strings.
Businesses located in, or growing into,
Outagamie County could be eligible
to combine up to $70,000 in low-
interest financing from the Prosperity
Loan Fund with a loan from a
private lending institution. Visit
www.outagamie.org, click on the
Departments & Services tab, choose
"Planning" and then "Prosperity Fund."
Each county has revolving loan
funds, but the details and requirements
vary. Businesses elsewhere in the New
North can check with their local county
planning office on similar loan funds
available to them.
Revolving loan funds
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