The WCIDA becomes involved in development projects that will provide substantial economic benefits to businesses and the community. Eligible projects include manufacturing, industrial, and research and development activities. The WCIDA will also assist other projects that:
The WCIDA generally does not assist in retail projects. Housing and residential development are eligible project areas.
*The IDA does not provide tax incentives to reduce the current tax on a property or building currently on the tax rolls. Real Property Tax Abatement provided by the IDA only applies to the increased assessment related to the building project.
For More Information on what the WCIDA can do go to: What is the IDA 2016.ppsx