238.396 Electronics and information technology manufacturing zone.
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/wi/chapter-238/238-396A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
238.396 Electronics and information technology manufacturing zone.
(1)Definition. In this section, “tax benefits” means the income and franchise tax credits under ss. 71.07
(3wm)and 71.28
(3wm).
(1m)Designation of zone; criteria.
(a)The corporation may designate not more than one electronics and information technology manufacturing zone in this state. The zone may not include any area outside this state.
(b)In determining whether to designate an area under par.
(a), the corporation shall consider all of the following:
1. Indicators of the area’s economic need, which may include data regarding household income, average wages, the condition of property, housing values, population decline, job losses, infrastructure and energy support, the rate of business development, and the existing resources available to the area.
2. The effect of designation on other initiatives and programs to promote economic and community development in the area, including job retention, job creation, job training, and creating high-paying jobs.
(d)The corporation shall, to the extent possible, give preference to the greatest economic need.