Contact: Anne Lupardus, Office of the Governor, 608-261-2162
Makes Partial Veto to Target Job Creation, Protect Taxpayers
Governor Jim Doyle today signed Assembly Bill 208, which creates an enterprise zone program. The program, to be administered by the Department of Commerce, will provide an estimated $10 million in refundable tax credits for businesses located in designated zones anywhere in the state that create jobs and train their workers.
Governor Doyle exercised a number of partial vetoes to make the bill more equitable and more fiscally responsible. Because all of the credits in the bill were refundable and not capped, Governor Doyle focused the credits on the goals of the program while reducing the risks of overwhelming burdens to taxpayers.
“This bill will help Wisconsin better compete for businesses with other states in the Midwest, and will support companies that are looking to undergo major expansions,” Governor Doyle said. “And with my vetoes, the program will be more fiscally responsible, and more focused on its core mission – to create jobs and improve training for Wisconsin’s workers.”
The bill provides several financial incentives for businesses to locate, invest and expand in Wisconsin and rewards businesses for creating family-supporting jobs and providing training that will make employees more productive.
Governor Doyle thanked Representative Scott Suder and Bobby Gronemus, as well as Senators Dave Zien and Carol Roessler for their work on the bill.
Governor Doyle’s veto message is available at: http://www.wisgov.state.wi.us/docview.asp?docid=6740
