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| "Why should a business invest
in Wisconsin?" Wisconsin state economic
development professionals who are responsible for the attraction of business
investment and providing site selection assistance to executives and their
consultants were invited in April 2006 to provide an informative article on
this simple topic.
We publish their
point of view here for convenient reference. This reflects their local
market knowledge, project experience, and selective facts about their state business environment
and the competitive business investment climate in their region as presented below.
Additional comments and
research suggestions follow their article.
|
Who to contact for business investment projects in
Wisconsin. The
article below about the competitive site selection advantages for business
investment projects, and the support services provided as companies grow in
Wisconsin, is from :
Pepi Randolph, President
Forward
Wisconsin
TEL
608-261-2500
prandolph@commerce.state.wi.us
www.forwardWI.com
Wisconsin :
News
- for project announcements or other PR
Wisconsin :
Buildings & sites
- for commercial real estate searches
|
| Local business clusters can also be researched through
our Wisconsin directory of economic development agencies or other
directories, including
site selection
consultants. |
Similar articles
are also available from other state economic development agencies.
See :
The Long List : Why Invest In This
Business Location? and
www.OnTheShortList.com |
| Please
contact us for assistance with business expansion project plans
anywhere. Global Direct Investment Solutions is an independent service
for executives and their advisors. Tell us what you need to find for
your project, and we will help you in confidence.
Our role is like a concierge who organizes market knowledge and an extensive
network of contacts for quick, flexible, and private response to diverse
needs through research and well-qualified referrals. |
If you find
this article or related content to be helpful, please let them know how you found it. We also
welcome
comments and suggestions to improve such articles and our research work.
Relevant reciprocal
links to this article or other content on this website are welcome.
The GUIDE content below reflects our own research work among
local areas in the state. |
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it easy to search the content of
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|
state economic development logo, banner,
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Ad Recall : fDi magazine |
|
Executive Summary : Why invest in
Wisconsin?
Download
WhyWI.pdf copy of
this article. Published May 8, 2006 |
GUIDE content : GDI-Solutions |
|
Forward Wisconsin's role in the economic development arena is to help businesses
establish profitable Wisconsin
operations. We provide state cost comparisons, Wisconsin financial information and a variety of other relocation consulting
services to prospective expanding businesses.
In Wisconsin, business assistance
is very important to us. To enhance the site selection process, we also
offer a database of available buildings and sites complemented by community
profile information.
For the past 22 years we have promoted
Wisconsin and helped bring
nearly 16,000 new jobs, over 280 new businesses, and hundreds of millions of
dollars in new investment to our state. Visit
http://www.forwardwi.com for more information. |
Area
Reports : Field Research - none at this
time
Area
Profiles : Basic Research
- none at this
time
Area
Surveys : Local Summary
- none at this
time
|
Wisconsin is experiencing an economic
renaissance. Spawned by experience in a wide range of technology-oriented
industries, assisted by our government's firm commitment to economic
development, and fueled by an aggressive attitude, a more competitive
Wisconsin has emerged. Here are some of the reasons why:
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Wisconsin's business taxes are among the
lowest in the country due to
property tax exemptions for manufacturing machinery and equipment,
computers and computer equipment, inventories and pollution-control
equipment.
-
Wisconsin provides tax credits for
energy used in manufacturing and for R&D expenditures.
-
Wisconsin has single-sales-factor tax
treatment and a 60% capital gains exclusion; no unitary tax on
foreign-owned corporations; no inheritance and gift taxes.
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Wisconsin's worker's compensation
rates for most industries consistently rank among the
lowest in the country.
-
Wisconsin electric rates are among the
lowest in the country;
commercial and industrial water and sewer rates are also among the lowest
in the nation.
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Wisconsin has one of the lowest cost
of living indices in the country.
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A Customized Labor Training Fund
and more than 500 technical outreach training locations assist
companies in their specific training needs.
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Wisconsin's Technology Development
Fund makes grants in support of university and industry R &
D for new products and processes.
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The University of Wisconsin receives
more research and development money than any other public university
in the country.
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No public institution--anywhere--spends as
much on transfer of applicable technology to private industry
as the University of Wisconsin (Madison, WI).
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Wisconsin's technical college system offers
more than 800 degree programs and serves one out of
every eight adults--twice the national average.
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Wisconsin is among the top 15 states
in industrial production.
|
Consultants, other professionals
-
business location
consultants
- other directories of
professionals
Available
consultant reports
- none at this
time
Ad Recall -
state and local ads
- Wisconsin Ad
Recall
Event
Recall - places to meet
-
BIO 2007, Boston
www.bio.org
-
CoreNet Global Summits - US
|
In addition to its business advantages,
Wisconsin also enjoys close proximity to the major markets of the U.S. and
Canada. That means freight cost savings for distribution companies and just
in time production firms. Within 500 miles of Wisconsin (one day's shipping)
are:
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33% of the nation's population
-
31% of all U.S. manufacturing
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30% of all U.S. business operations
|
Tax information
-
Governor
- see US directory
www.wisgov.state.wi.us
www.wisconsin.gov
Business
Incentives
- Wisconsin
incentives information
-
incentives
consultants
- Incentives
research sources
|
Wisconsin’s business climate is strong.
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Construction activity is at record levels.
Wisconsin recorded $11 billion worth of construction starts between May
2003 and April 30, 2004. Construction employment in Wisconsin hit 121,600
in April--the highest level ever for that month--and grew to 129,100 in
May.
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Wages in Wisconsin are below the national
average. Wisconsin's average
wages are 11.6% below the national average of $36,764 (U.S. Bureau of
Labor Statistics).
-
Wisconsin is among the top 15 states in
industrial production. Wisconsin
ranks 3rd nationally in percentage of total jobs that are in manufacturing
(Bureau of Labor Statistics).
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Best Places for Business. Forbes
Magazine (May 2004) ranked Madison, Wisconsin as the No. 1 Best Metro
Area for Business. Inc. Magazine (March 2004) ranked Madison as the No. 2 Medium City for Doing Business right behind
Green Bay, WI that took the top spot.
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International trade leader. Wisconsin
recorded a 1.86% increase in exports last year compared to a 5.17%
national decline.
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Smart and safe. Wisconsin ranks as the 6th
smartest state, the 10th safest state, and the 11th most-livable state
(Morgan Quitno Press). In 2003, Wisconsin high school seniors topped the
nation in ACT scores for the 7th straight year. Wisconsin has the
nation's 3rd lowest dropout rate (U.S. Department of Education).
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Most Livable State. Wisconsin was recognized as
a 2003 Most Livable State
(Morgan Quitno Press).
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Tops in R&D. UW-Madison ranks first among the nation's public universities in
R&D spending.
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Low insurance rates.
Wisconsin's homeowner insurance rates are the lowest in the
U.S.
and its auto insurance rates are fifth
lowest (National Association of Insurance Carriers). Wisconsin is
among the six best states for physicians to practice thanks to the low
level of malpractice insurance premiums.
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Low health care costs. Wisconsin's
hospital patient-care costs are 20% below the national average (Wisconsin
Health and Hospital Association).
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Short commutes. Wisconsin has the nation's
10th shortest travel time to work with an average of 20.3 minutes (U.S.
Census Bureau).
|
Existing
Companies, Clusters
Sites,
Buildings, Business Parks
- Wisconsin commercial
property list
-
CRE Search
-
Featured properties - none
Science
Parks and Incubators
-
Technology parks directory
FTZ's -
Foreign-Trade Zones
-
FTZ directory
BRAC -
military base closures
-
BRAC directory
Rail,
Ports, Airports
-
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Wisconsin is business-friendly. It offers a
variety of tax incentives for corporations and other businesses to locate or
expand their operations within the state. Available tax incentives include
exemptions, credits, and other special corporate tax treatment along with
preferential treatment of capital gains.
In addition, Wisconsin has designated certain
areas as Economic Development Zones and local governments have created Tax
Incremental Finance (TIF) districts. Businesses locating or
expanding operations within Development Zones are eligible to claim
development zone tax credits. Businesses locating operations within a TIF
district benefit from infrastructure improvements financed by tax
increments.
More recently, a Technology Zones program
was enacted that provides tax credits for high-technology businesses
locating in a designated technology zone. Enterprise Development Zones
offer tax credits in areas of the state suffering from high unemployment or
other economic distress.
Wisconsin is an emerging technology
center.
Wisconsin's vibrant and growing technology
base bolsters both its traditional and knowledge-based industries. For more
than 80 years, Wisconsin entrepreneurs have built successful businesses using leading-edge
research--from the Vitamin D milk irradiation discoveries in the 1920s, to
the world’s first commercially available computer in the 1960s, to magnetic
resonance imaging (MRI) innovations in the 1980s.
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Today, Wisconsin is in the international
spotlight through the isolation of human embryonic stem cells--a discovery
now paving the way toward treatments for incurable diseases.
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Strong technology transfer programs
underpin the state's fastest-rising industries, including biotechnology
and medical imaging.
-
Public-private partnerships--including the
$317 million dollar BioStar Initiative for construction of University of
Wisconsin research
facilities--are another way Wisconsin is investing in its technology
infrastructure.
|
Labor
Market
Demographic
and cost data
Utilities information
GIS map
presentations |
|
The Wisconsin Available Building & Site database is a searchable database
providing details on nearly 1,900 available buildings and about 700 sites
throughout the state. It also gives you instant access to profiles of
Wisconsin communities, maps you can customize, plus GIS information.
For additional information on why Wisconsin is the place for your business,
contact:
Pepi Randolph
President
Forward Wisconsin
201 West Washington Ave; Ste. 500
Madison, WI 53703
608.261.2500
608.261.2518
prandolph@commerce.state.wi.us
http://www.forwardwi.com |
Professional
services directories
-
Site selection,
strategy
-
Project
management
-
Corporate
real estate
-
Property developers
-
Human resources
-
Logistics
-
Tax services
-
Legal
-
international
-
Utilities
|
| The above
article was provided by : Scott Reigstad
Director of Communications
Forward Wisconsin, Inc.
Please let him know if you found this article to be
helpful, or if you have suggestions for improvement. |
PR :
Project Announcements
- Wisconsin news, press releases
- US Great Lakes
Region projects
Tourism
-
Residential
Real Estate
-
national
directory of resources |
| Latest update
to the above article : May 8, 2006 Wisconsin replied quickly to our request for such articles
relative to other states. |
The above is
GDI-Solutions content. |
| If quoting the
above material, please cite the state organization and
contact as the original source, and that it was found through
www.gdi-solutions.com .
For more local area information, refer to our
Wisconsin directory
of economic development agencies and chambers of commerce, or refer to our
US Great Lakes Region
directory for additional sources of information. |
Questions or
Comments?
Contact :
Bruce Donnelly
TEL
847-304-4655 Chicago |
|
This article was prepared by professionals who are responsible for the attraction of
business investment projects to the state, such as for new offices,
factories, distribution centers, etc. These articles are not edited to
reflect our own research, experience, or point of view, nor do we validate
the assertions which they have made in the article, or make any warranty about such
content. We provide other content and links through our independent
GUIDE research work. |
Please let us
know if there are other topics which you would like these articles to cover,
or if you feel that any updates or corrections are needed.
Comments based upon experience as an executive or professional service
provider responsible for the planning
of investment projects anywhere are welcome. We also welcome other
professional research reports which we can summarize and make available
through links to relevant websites where they are published. |
| Our
USA Search feature at
www.OnTheShortList.com can be used to selectively search the
websites of US state economic development agencies as a convenient research
tool. |
Similar research tools are the
Area Search
(areas within states),
CRE Search
(commercial real estate),
Event Search
(associations, trade shows), and
Media Search
(publications). |
| We also
maintain many reference directories
of economic development agencies, professional service provides, and topics
of common interest for capital investment project planning.
This includes directories of project announcements, property
listings, incentives information, labor market information, and many other
resources to facilitate project plans. |
Our
Research directory provides
links to many sources of information and data which may be helpful to
executives for capital investment project plans and quick reference in
general. The focus of our work, however, is to
provide personal response to business enquiries which are relevant to this
field. Please
contact us for assistance with business expansion plans. |
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With permission, we may selectively share comments below
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planning and management of business operations in the state. This
includes executives who may have carefully considered potential investment
in the state, such as to set up new offices, factories, distribution, R&D
operations, etc.
In particular, we welcome comments which provide
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