Technology Zones

TECHNOLOGY ZONE LINKS

Capital Ideas TZ   Factsheet (pdf, 150KB) I-94 Corridor TZ Factsheet (pdf, 81KB) Metropolitan Milwaukee TZ   Factsheet (pdf, 77KB) NEWREP TZ   Factsheet (pdf, 265KB) North Central Advantage TZ Factsheet (pdf, 86KB) Southeast Tri-County TZ   Factsheet (pdf, 145KB) SuperiorLife TZ Factsheet (pdf, 295KB) Western Wisconsin TZ Factsheet (pdf, 152KB)

TECHNOLOGY RESOURCE LINKS

Wisconsin Technology Council Wisconsin Innovation Network Wisconsin Technology Network Wisconsin Alumni Research Foundation Small Business Innovation Research e!nnovate

TZ CONTACTS

Department of Commerce Todd Jensen  608/266-3074 Todd.Jensen@Wisconsin.gov Capital Ideas TZ James Otterstein  715/757-5598 otterste@co.rock.wi.us I-94 Corridor TZ Jerry Chasteen  715/836-2918 jerry@wcwrpc.org Metropolitan Milwaukee TZ                         and Southeast Tri-County TZ John Meland  262/547-6721 jmeland@sewrpc.org NEWREP TZ David Thiel  920/982-1582 wcedc@charter.net North Central Advantage TZ Dennis Lawrence  715/849-5510 dlawrence@ncwrpc.org SuperiorLife TZ Lou Schneider  715/635-9696 washburncodvcp@centurytel.net Western Wisconsin TZ Greg Flogstad  608/785-9396 greg@mrrpc.com

Wisconsin's Technology Zone program offers tax credit incentives to new and growing businesses in the state's high-technology sectors.

High technology businesses planning to expand existing operations in a designated Technology Zone area, individuals planning to start a new business in an Technology Zone area or businesses considering a relocation to a Technology Zone area from outside Wisconsin may be eligible for Technology Zone tax credits. Additional information about Wisconsin's Technology Zone program may be obtained by contacting the local Technology Zone region coordinators listed at the right. Local Technology Zone personnel will discuss the proposed project and, if it is appropriate for the Technology Zone program, will assist the business in beginning the application process.

Following is a brief overview of the program:

 Eight zones have been designated.

 $5 million in income tax credits has been allocated to each zone.

 Tax credits will be made available for high-technology businesses locating or expanding in a designated Technology Zone.

 Technology Zone businesses can apply tax credits against their Wisconsin income tax.

 Unused tax credits can be carried forward for 15 years.

 Tax credits can be earned through:

1. Capital investments for real and personal property (10% of eligible expenses)

2. Job creation (15% of first-year wages earned by individuals filling new positions that pay at least $13/hour)

3. Any increase in property taxes paid
directly by the certified business

Additional information about the Technology Zone program can be found in the Frequently Asked Questions.

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