Entrepreneurs opening their franchise in the Badger State have great access to funding and a variety of tax incentives.
Entrepreneurs looking to open their business or franchise there can expect great access to funding and capital, and a variety of tax incentives aimed at enticing them to open or expand within the state.
Some of the programs businesses can benefit from include the Wisconsin Enterprise Zones, which offer incentives and tax credits for new companies that register in the enterprise zone, and the Development Opportunity Zone Tax Credit, which gives tax breaks to companies that are involved in job creation, job retention, capital investment and environmental remediation within a few different Wisconsin cities. The Wisconsin Economic Development Corporation helps entrepreneurs every step of the way as well, with a wide range of programs available to help businesses discover all the resources available to them. The Badger state has been ranked the sixth smartest state in the country thanks to their acclaimed education system, which gives businesses a highly skilled, productive workforce to choose from. The cost of living in Wisconsin is six and a half percent lower than the national average, and the U.S. News & World Report Best States list lists the state as third overall for quality of life. All of this is thanks to the state’s strong health care system, cheap housing, insurance costs and low commute times. According to the Morgan Quitno Press, Wisconsin is also the tenth safest state and the eleventh most livable.