Technology Zone Credit
The Wisconsin Technology Zone Credit is available to companies located in select “Technology Zones” established across the State. The program provides tax credits, based on capital investments made and high wage/high skilled jobs created, to new and expanding companies utilizing advanced technology production processes, with a focus on research, development, or manufacturing of products or materials used in a variety of identified business clusters. The Wisconsin Economic Development Corporation
(WEDC) administers the program through various regional partnerships.
Manitowoc County is part of the Northeast Wisconsin Regional Economic Partnership (NEWREP) Technology Zone. There are two (2) Technology Zone areas
designated within the City of Manitowoc. Applications under the program must first be reviewed and recommended for approval by NEWREP before being forwarded to the DOC for final approval.
Allocations of Technology Zone tax credits will be determined based upon the following information for a three (3) year period:
- Capital investments in taxable real and personal property
- Payroll (15% of projected wages for the first 12 months for new positions created)
- Real and personal property taxes
The starting average wage for Technology Zone consideration is $13/hour.