Janesville, WI
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Incentives
The City of Janesville works with companies to pursue funding/incentives using the Wisconsin Economic Development Corporation's (WEDC) programs that are appropriate for their projects. Funding under these programs can be further explored by visiting the WEDC's Programs page. Please contact the Economic Development department at (608) 755-3059 for more information.
Janesville Business Incentives
Tax Incremental Finance (TIF)
What is it?
TIF is a state regulated finance tool municipalities may use to finance infrastructure, encourage development or redevelopment projects that “but for” the financing tool, would not otherwise take place.
Why use it?
TIF not only helps expand a municipality’s tax base, but also aids business expansion, retention, and encourages orderly development or redevelopment within the city. Improvements in the area must significantly enhance the overall value of real property within the district. Project costs must relate directly to eliminating blight, rehabilitation, or conservation of the area, or promote industrial development. TID incentives encourage private investment and may include land acquisition and/or building rehabilitation/construction. In return, the developer guarantees an assessed property value and/or the retention or creation of additional jobs over a period of time.
Wisconsin Economic Development:
WI Economic Development Toolbox Handbook
The Wisconsin Economic Development Institute – established to conduct research to increase the effectiveness of economic development across the state – is excited to unveil its latest project. The Handbook is a catalog and overview of state economic and community development programs in Wisconsin.
Targeted industries include:
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