Wisconsin Offering H-D a $25M Tax Credit
Incentive package based on keeping jobs and investment in the state
The Motor Company announced it would stay in Wisconsin after unions at its Menomonee Falls, Wis., and Tomahawk, Wis., facilities voted in favor of a new labor agreement.
“Through hard work and cooperation Harley-Davidson will keep its production operations open in Wisconsin, and keep hundreds of jobs in this state – both at Harley and their suppliers,” says Wisconsin Governor Jim Doyle. “This has been a challenging time for Harley and its great employees, and I want to thank everyone who came together in difficult circumstances to ensure this iconic Wisconsin company stays in Wisconsin.”
The Wisconsin Department of Commerce is providing Harley-Davdison with a $25 million tax credit, to be given over nine years. The tax credit is part of the state’s Enterprise Zone Program which Doyle introduced as a business recruiting and retention tool. The incentive package is linked to jobs and capital investment at Harley-Davidson as well as purchasing from Wisconsin-based suppliers.
“Together with our employees we are making the changes necessary for us to compete and win in a global marketplace,” says Keith Wandell, Harley-Davidson, Inc. president and chief executive officer. “We have worked closely with the State of Wisconsin and we appreciate their efforts to foster a competitive business environment that will help us succeed here long term. As we look to the future, we are confident that Harley-Davidson will be as great going forward as it has been in the past.”