The state of Wisconsin continues to capture significant investment from global business leaders. Economic wins in the past 12 months alone include companies such as Milwaukee Electric Tool, Oshkosh Corporation and Leonardo DRS. All have committed to constructing and occupying significant new corporate headquarter facilities in Wisconsin. By themselves, it is estimated these three developments will create or retain over 2,500 jobs and add $75 million in local assessed property value. And what is turning out to be the economic success story of southeast Wisconsin, Milwaukee Electric Tool just announced another massive campus in Menomonee Falls that could produce an additional 770 jobs in the area. We are experiencing a generational wave of long-term corporate investment throughout the state...
...A bipartisan coalition of legislators have proposed a change in TIF law known as SB 560. Supporters of the bill are looking to fundamentally change the way that local communities utilize TIF. Specific areas that would be changed through the legislation include restrictions on up-front cash grants that communities can provide and the need for unanimous consent amongst local TIF boards to amend territory and financing timelines for existing districts.
The impacts of this legislation could be chilling on corporate site selection...Ken Notes: Here are the details on 560:
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- - Volume: 8 - WEEK: 3 Date: 1/16/2020 7:47:24 AM -