Frequently Asked Questions

Whether you're starting a business, expanding your business or considering locating your business in the NEWREP area, you're bound to have questions. We've listed some of the more frequently asked questions below for your convenience.
 
  QUESTIONS: GENERAL
 
 
 

What do I need to know to get started?

There a variety of steps you should consider when starting and expanding a business. If you need help starting a business and need tips, access this link:

Business Advice

 

What other technical resources are available in Wisconsin to support my business?
Wisconsin has many state, regional and local resources to assist you with your business plans and needs. The Wisconsin Department of Commerce (COMMERCE) offers a broad range of technical assistance programs to help businesses undertake economic development.

How does Northeast Wisconsin’s education system rank?
In case you didn’t know, Wisconsin is ranked as the eighth-smartest state in the country in 2003.

Source: Education State Rankings reference book from Morgan Quitno Press, a Kansas-based independent research and publishing company.


Northeast Wisconsin consistently posts ACT and SAT exam scores that are among the highest in the nation. And then add in our universities, technical colleges and other higher learning centers and you have the educational infrastructure needed for a smart and dedicated workforce.


What are crime rates like in Northeast Wisconsin?

We’re proud to say Wisconsin is one of the safest places to live and where neighbors and friends “look out” for one another. Just look at these crime rate statistics!


What is the cost of living like in Northeast Wisconsin?

Northeast Wisconsin boasts a low cost of living that’s tough to beat. From the cost of housing, dining, recreation, goods and services, utilities, taxes, college tuition, food, health, and transportation, in Northeast Wisconsin you get much more than you pay for!


What kind of recreational opportunities does Wisconsin offer?
We offer an abundance of indoor and outdoor activities, a blend of sporting and cultural diversions and plenty of local and regional festivals, fairs and family events. Click here to learn more.
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Will I have access to good healthcare systems and facilities?

With over 20 hospitals and over 50 medical clinics, you, your family and your co-workers are never far from the top quality medical services you deserve. Our healthcare organizations, doctors and staff are dedicated to significantly improving the health of the people of Northeast Wisconsin.

 

How can I get my business in the Technology Zone program?

1. The first step is to contact local representatives of the Technology Zone. They
will explain the basic operation of the program, answer questions and determine
if the business meets local criteria for Technology Zone tax credits.
2. If the local Technology Zone representatives feel the project is appropriate for the program, the business will fill out a Prospect Data Sheet (PDS) and a PDS Addendum, with assistance from the local Technology Zone representatives.
3. The local Technology Zone recommendation will be reviewed by Department of Commerce staff, which will then make a recommendation to the Department Secretary.
4. If the application is approved, the business will be notified in writing of its designation as a Wisconsin Technology Zone business.


How long can a business participate in the Technology Zone program?

By Wisconsin statute, businesses are designated as Technology Zone participants for three consecutive years. At the end of that period, the local Technology Zone representatives may recommend that the Department of Commerce extend the business's designation for an additional two years IF the business meets its original projections for job creation and investment over those three years and IF the business shows evidence that it will continue to grow during the two-year extension.


What do I have to do to receive my tax credits once I'm in the program?
You can claim the tax credits your business has earned by submitting annual reports to the Department of Commerce. You will be asked to provide information relating to the amount of investment that took place in the past fiscal year; payroll information indicating the wages paid to employees hired to fill new positions created as part of your project; and documentation showing the property taxes paid by your business during the past fiscal year. Commerce staff will issue annual tax credit verification forms that you will attach to your Wisconsin income tax returns.

What financial resources are available for my business?
Wisconsin provides many programs to assist businesses with their start up and expansion needs.

Financing Your Business in Wisconsin

NEWREP can help you better understand your financing opportunities and best options.


Who is eligible for the Technology Zone Tax Credit program?
The Department of Commerce will certify businesses for tax credits based on a company's ability to create jobs and investment and to attract related businesses. Criteria includes:

* The business must be a new or expanding high-technology firm.
* The technology zone must recommend certification to the Department of Commerce.
* The certification is for three years, with an option to extend for another two years