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Wisconsin

A guide to help you understand the ins and outs of business in Wisconsin

Overview

Wisconsin is located in the American Midwest. Its largest city is Milwaukee, while its capital is Madison. It is the 20rd largest state in terms of population, with 5.82 million, and the 23rd largest in regard to total land. The 2019 GDP for Wisconsin was $349,416,000,000.

Wisconsin’s leading industries are aerospace, bio-health, energy, food and beverage, forest products, manufacturing, and water tech. Wisconsin is the top paper making state in the US, as well as the top state in employment concentration in paper manufacturing. Wisconsin exports $1.5 billion in forest products every year. The state is also #1 in cheese, organic oats, organic corn and organic bean production in the US. The food and beverage industry sees $68 billion in annual sales by means of the 1,400 food and beverage companies in the state.

In 2019, Wisconsin imported $199,428 from Qatar.

In 2019, Wisconsin exported $19,181,533 to Qatar with its top exports being:

Nuclear reactors, boilers, machinery, etc.

Electrical machinery, sound/tv equipment

Furniture, bedding, lamps, etc.

Wisconsin has a franchise tax for domestic corporations and an income tax for foreign corporations, both of which are 7.9%. The state offers 17 grants, 7 loan guarantees and 6 tax credits as different types of incentive programs. There are three free trade zones located in Milwaukee, Madison and Green Bay.

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