This is a significant accomplishment. It’s not a coincidence that many of the areas CNBC looks at to determine which states are good for business are the same areas we’ve been working hard to improve over the past year and a half.
As soon as I took office, we declared “Wisconsin is Open for Business.” We immediately got to work lowering the tax burden, streamlining regulations, eliminating frivolous lawsuits, pushing for more sources of cost effective and reliable power, providing more options for workers to get the skills and education they need, and partnering with business looking to expand and hire.
To jump start our aggressive pursuit of job creation through business development and expansion, we created the Wisconsin Economic Development Corporation. Through innovative strategies for entrepreneur support, community and business development, target industry investment and export growth, WEDC works to facilitate in-state business expansions and business relocations to our state.
We know that businesses want stability. We offered that by getting our fiscal house in order. We put in place long-term reforms to ensure we can continue to offer vital services, and invest in things likeinfrastructure, technology and education.
Our reforms have already saved the taxpayers of Wisconsin more than $1 billion, helped lower property taxes for the first time in 12 years on a median valued home and turned $3.6 billion deficit into a surplus.
The improvement in our “Top States for Business” ranking isn’t the only sign that we are on the right track.