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Walker proposes creating 3 new enterprise zones

MADISON, Wis. (AP) — Gov. Scott Walker is proposing creating three additional enterprise zones to help foster business development and growth in targeted Wisconsin.

Walker announced the proposal at a news conference Monday in Lomira.

He said enterprise zones where businesses that locate or expand are eligible for a range of tax breaks are the most powerful tool the state has to assist the private sector with job creation. There are nine such zones under contract and three more in various stages of discussion. Walker is proposing authorizing three more.

Tax breaks are offered for creating jobs, with those creating more and higher paying jobs getting a greater benefit. The benefits are greater for projects located in economically distressed areas as determined based on factors including unemployment, poverty and income levels.

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