Business Incentives

Business Incentives & Assistance

The City of Muskego likes to offer assistance to businesses looking for innovative ways to help close financing gaps and to help make new development and redevelopment projects work for new/existing businesses in the community.  While the City of Muskego does not currently have any financial incentives/assistance available, below you can find some links for other possible funding sources and/or financial assistance. 

Wisconsin Economic Development Corporation (WEDC)

Tax Credits: Credits used dollar for dollar to offset C-Corp or S-Corp income tax liability. In certain cases where the company (C-Corp or S-Corp ) has no tax liability but where there is quality job creation, the state may grant refundable tax credits (grant).
  • Loan Guarantees: Partnership with lenders to guarantee a portion of small business loans.
  • Technology Development Loans: Loans to growth companies to facilitate research and development and commercialization of innovative technology products. Applicants must have fewer than 100 FT employees and provide a cash match of 50-70% of the project. Terms are customized both to the project’s needs and risk.
  • Training: Grant assistance for various training activities that improve the long-term skills of a company’s workforce and for projects that meet their investment priorities.
  • Angel/Venture Investment Tax Credits: Early-stage businesses conducting pre-commercialization activities related to proprietary technology may be designated as Qualified New Business Ventures. Angel investors, angel investment networks, and venture capital seed funds may qualify for Wisconsin tax credits by investing in these designated companies.
    • SBA Loans Administration: Program to help businesses purchase or expand commercial real estate and acquire equipment while preserving working capital. Loans put such fixed-asset projects within reach for small businesses by requiring lower down payments than conventional financing and providing long-term, fixed-rate interest rates. It also reduces the risk to lenders through its structure as second mortgage financing.
    • Loan Guarantees: Partnership with lenders to guarantee a portion of small business loans.

  • Small Business Administration (SBA): Variety of small business lending options. WBD above can aid in assembling these programs in most cases. Loan types can have varying terms/interest rates (504), can be express loans (7a - SBAExpress), some availability of loans for military personnel and veterans (Patriot Program) looking to open a small business and many others. Surety Bond Program also available to guarantee bid, performance and payment bonds issued by surety companies. This Federal guarantee encourages surety companies to bond small businesses who are having difficulty obtaining bonding on their own.
  • WI Woman’s Business Initiative Corp.: Loans to small and micro woman owned businesses up to $100,000.
  • Angel Fund Networks: Groups who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. Share research and pool their investment capital, as well as to provide advice to their portfolio companies. Over 17 statewide but here are some local ones:
    • Wisconsin Angel Network: Helps build early-stage capital capacity throughout Wisconsin, increasing the number and amount of equity investments in Wisconsin’s entrepreneurs.
    • IQ Corridor Angel Network: Focuses on making investments that would lead to the development of high-wage jobs in the Waukesha, Wisconsin area. Contact Waukesha County Economic Development Corporation at (262) 695-7900 for more information.
    • Silicon Pastures: Based in Milwaukee, Wisconsin, a network of angel investors and strategic partners for emerging businesses, especially those in the Midwest. Contact Director Teresa Esser at (414) 771-4350 for more information.
    • Successful Entrepreneur Investors LLC (SEI): A Milwaukee-based angel network bringing investors together with start-up companies to assist in creating an innovation economy in Wisconsin. For more information, contact Daniel J. Steininger at (414) 430-2204.
    • Women Angels: A Milwaukee angel group of women who invest in women-owned businesses, will begin considering deals in September, 2005. For more information, contact Barbara Boxer at (414) 298-8173.

  • Public Finance Authority Bonds: Government entity established to issue tax-exempt conduit bonds for public and private entities nationwide. PFA partners with private borrowers and local governments to provide tax-exempt financing for public benefit projects that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities.
  • Chamberofcommerce.org: This site provides some information and links to a variety of government small business grants.