Learn more about the programs and services offered to help grow your business. Please note these are some of the most popular programs available, although there are many others out there.
Tax Increment Financing
The City of Oshkosh offers Tax Increment Financing (TIF) to spur economic development in our community that may otherwise not occur. Use of this funding tool varies from project to project and district to district. If you are interested in learning more about this program please contact Greater Oshkosh EDC and we can help facilitate a meeting with the City to determine if your project would be a good fit for TIF.
State Tax Incentives
The state of Wisconsin provides a Business Development Tax Credit that assists with expansion or relocation. The program supports job creation, capital investment, training and the location or retention of corporate headquarters by providing companies with refundable tax credits. These tax credits can help reduce a company’s WI state income tax liability or provide a refund. Companies must apply for this credit. If you are interested in learning more about this program, we urge you to contact the Greater Oshkosh EDC. We can help you determine if this opportunity is the right fit for your business.
Federal Tax Credits
New Markets Tax Credit
The federal New Markets Tax Credit (NMTC) program serves as a resource to help fuel job creation and economic development efforts by promoting equity investment in low-income urban and rural communities. WHEDA awards NMTCs to enhance financing for projects in highly distressed areas throughout Wisconsin that have demonstrable community impact.
Economic Opportunity Zones Tax Credit
The City of Oshkosh has two federally-approved Opportunity Zones shown as Census Tract 5 and 15 on the map above. It’s anticipated that the Opportunity Zones program will be fully implemented at the end of 2018 or early 2019. In the meantime, we encourage you to learn more about the program by accessing the links below and contacting your accounting firm.
Property Assessed Clean Energy (PACE) Program
PACE is an innovative program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements. Projects financed using PACE can generate positive cash flow upon completion with no up-front, out-of-pocket cost to property owners—eliminating the financial barriers that typically prevent investment in revitalizing aging properties.