State Incentives

Encourage Growth, Investment and Job Creation

Primary State Incentives

Companies that begin operating in, relocate to, or expand an existing operation in Racine County have access to a diverse range of incentives to encourage business growth, investment and job creation. RCEDC works with companies interested in a Racine County location to access incentive assistance to make their project a success in our community.

Racine County

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Business Development Tax Credits

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.

Business Opportunity Loan Fund

This program, administered by the Wisconsin Economic Development Corporation, provides businesses with flexible terms based on the economic benefit of the business to the local community, number and quality of full-time jobs to be retained or created, financial viability and other factors.

Uses Include

  • Working capital
  • Equipment
  • Training
  • Building construction and improvements
  • Land acquisition
  • Private infrastructure improvements
  • Asset acquisition