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Incentives

State & Local Incentives

Companies that consider relocating, or expanding in Racine County have access to a diverse range of incentives to encourage business growth, investment and job creation. Racine County Economic Corporation (RCEDC) works with companies interested in a Racine County location to access incentive assistance to make their project a success in our community.

Availability of incentives is determined by:

  • Project location
  • Capital investment
  • Job creation

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    Local Incentives

    Tax Increment
    Financing (TIF)

    For projects located in a Tax Increment District (TID), the municipality may choose to provide an incentive equal to a portion of the taxable property value added as a result of a project. Job creation and capital investment are considered by the community when determining level of assistance. RCEDC’s staff can assist you in determining if sites under consideration are located in a TID.

    Tax Reinvestment
    Program (TRIP)

    For projects located outside of a TID, the Tax Reinvestment Program (TRIP) may be used to provide an incentive equal to the municipal portion of the taxable property value added as a result of a project. Job creation and capital investment are considered by the community when determining level of assistance.

    Low Interest
    Rates

    Business Lending Partners (BLP), a division of RCEDC, specializes in processing and servicing a variety of loan programs in Racine County. BLP is committed to business growth and community development by providing alternative financing options.

    Listing View

    Corporate Tax Comparison by State

    CORP. TAX1
    SALES TAX2

    Wisconsin

    0.40%*
    5.00%

    Illinois

    9.50%
    6.25%

    Indiana

    5.50%
    7.00%

    Michigan

    6.00%
    6.00%

    Minnesota

    9.80%
    6.88%
    Sources: (1)Tax Foundation, (2) State Sales Tax Institute

    Development Tax Credit

    Business Development Tax Credits supports job creation, capital investment, training and the location or retention of corporate headquarters by providing companies with refundable tax credits that can help to reduce their Wisconsin state income tax liability or provide a refund. RCEDC provides technical assistance to existing and companies relocating to Racine County to complete applications for business development tax credits. The program is administered by the Wisconsin Economic Development Corporation.

    Racine County Business Parks