When it comes to Wisconsin’s economic performance and the opportunities our state offers for business and professional success, the facts speak for themselves.
More people are employed than at nearly any other time in our state’s history, according to one report from the federal government. Moreover, at 68 percent, our state’s labor force participation rate is 5.4 points better than the national rate, putting Wisconsin in the top 10 states in America.
Businesses across the state are taking advantage of Wisconsin’s talented labor force, reliable infrastructure, industry expertise and strong economic fundamentals, including the largest rainy day fund in our state’s history and a fully funded pension system – one of only two in the nation.
We understand that the way you increase productivity is not by taxing it. That’s why we’ve reduced the tax burden on small businesses, allowing them to invest more into their companies and to expand their workforces. Our Manufacturing and Agriculture Tax Credit recognizes the important role these two industries play in creating a competitive advantage for our state, virtually eliminating the corporate tax rate on income from qualified production activities for these vital industries.
We’re also making it easier and more affordable for students and workers to develop the skills they need and receive the training necessary not only to excel in today’s workplace, but also to fulfill the demands of our ever-evolving economy.Â
Perhaps the greatest reflection of Wisconsin’s comeback is the optimism I encounter from business and community leaders across the state who have embraced the possibilities the future holds. We are grateful to them, and to you, for your commitment to moving Wisconsin forward.
Sincerely,
Governor Scott Walker
