Wisconsin Economic Development Corporation
Although the Wisconsin Economic Development Corporation (WEDC) is responsible for administering more than 25 separate economic development programs, they can be categorized into five distinct areas: Entrepreneurial Development, Capital Finance, Technology Development, Employee Training and "Targeted Businesses."
In recognition of the importance of a sound business pan, Wisconsin Entrepreneurs Network (WEN) offers an Early Planning Grant (EPG) program that provides grants to entrepreneurs and small businesses to help off-set a portion of the cost of hiring an independent third party to develop a comprehensive business plan.
WEDC capital finance programs offer below market rate financing to businesses that are willing to make a firm commitment to invest in Wisconsin. Notwithstanding the attractiveness of the interest rate, it should be noted that WEDC is not a primary lender. In fact, given its limited financial resources, WEDC works closely with eligible businesses and their private sector lenders to minimize the amount of public funds necessary to make a project go forward.
WEDC recognizes the need for Wisconsin businesses to stay on the fore-front of technological innovation. To assist in this process, WEDC offers a Technology Development program that is designed to assist businesses and entrepreneurs that are researching new technologies, products, or manufacturing processes that, if successful, could have a significant impact upon Wisconsin's economy. This loan program is designed as a cost-sharing program with flexible repayment terms that are keyed to the success of the particular research project.
In keeping with WEDC's long held belief that Wisconsin's best assets are its people, WEDC offers training programs that are designed to enhance the skills and abilities of its workforce. Offered in the form of a matching grant, the Customized Labor Training program has historically been driven by a company's commitment to re-invest in new technologies that necessitate the need for training. However, in addition to the CLT program, WEDC also offers the BEST program, which is specifically designed to meet the wide variety of training needs of Wisconsin's small businesses.
Please note that while the descriptions are fairly generic, WEDC does give special consideration to "targeted businesses" such as: minority owned businesses, women owned businesses, recycling businesses, the dairy industry, etc.
City of Milton -Tax Incremental Financing (TIF) Incentives
Local TIF development incentives are available and negotiable. Individual TIF incentives may include but are not limited to; land conveyance, financial contributions and/or infrastructure development. .For more information on this program contact City Administrator, Al Hulick at 608.868.6900.