Wisconsin Department of Commerce Newsletter
A Good Budget for Business
Every year, my colleagues at Trek Bicycles and I would huddle to set aggressive sales targets, reaffirm our commitment to continuous improvement, and achieve maximum cost savings. Governor Jim Doyle's 2005-2007 budget reflects the same commitment to both growth and efficiency. It protects taxpayers and invests in important priorities such as education and economic development. This budget is great news for the business community. It freezes property taxes to improve our business climate, cuts spending and improves efficiency, and makes strategic investments in education and job creation. The Governor has sent a strong signal that he is serious in making Wisconsin a great place to do business.
Freezing Property Taxes
Reducing Spending/Fiscal Responsibility
Investing in Education and Economic Development
The Governor also approved targeted investments in economic development. He increased the number of Enterprise Development Zones from 81 to 98, freeing up $120 million in existing tax credits for new job-creation projects. The budget makes a $2 million investment in worker training for use by Wisconsin businesses through our technical college system. Additional commitments include $3.8 million for tourism marketing and $5 million in biobased industry. Altogether, Governor Doyle's budget makes prudent investments consistent with Wisconsin values while promoting fiscal responsibility. It's a budget that would make my former business colleagues proud.
--Mary P. Burke, Secretary
The newsletter is issued electronically every other month.
Please send comments or questions to Barbro McGinn, editor.