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Wisconsin establishes electronics and information technology manufacturing zone; authorizes creation of new refundable credits

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Gov. Scott Walker signed legislation authorizing the Wisconsin Economic Development Corporation to create an electronics and information technology manufacturing zone in the state and to certify a business that begins operations within the zone for certain benefits. In addition, the legislation expanded Wisconsin’s existing enterprise zone program. The legislation, which was adopted in a special legislative session, develops and expands Wisconsin’s tax incentives as a means to attract Foxconn Technology Group’s first manufacturing facility in the United States.