The past two years have been a tumultuous time for Wisconsin. With the election and reelection of Governor Walker and the commitment of Assembly Republicans it is clear the state is moving in the right direction. We have worked very hard to create a climate that will attract new businesses to the state while retaining businesses already operating in Wisconsin.
After being overloaded with elections and bombarded by numerous outside groups, it is important to pause for a moment and recognize the accomplishments that were achieved during this time.
We were able to encourage economic growth through bills like the manufacturing and agricultural tax credit. It is phased in over a period of three years and provides tax relief for those who operate in the manufacturing or agricultural industry. This is just one example of many efforts that were made to encourage economic growth in our state.
Reining in the state budget has also helped to provide stability for business leaders in the state. In the past Wisconsin government refused to manage finances and ultimately had to raise taxes to pay for excessive spending. That is unacceptable and it is unfortunate that the Federal Government cannot realize this.
Since a more stable economic climate was created, businesses now see it plausible to move to or expand in Wisconsin. Three local Germantown companies have recently expanded and one more expansion is in the works. Bradley Corporation, Wisconsin Stamping, and Enviro-Safe Consulting all built new facilities within the last two years. In addition, Ellsworth Adhesives is currently constructing a new building to add to their existing facility.
The expansion of these and other companies reflect the improved outlook that many business leaders share. According to a survey by Chief Executive Magazine of over 500 national business leaders, Wisconsin was ranked as the 41st best state for business in 2010. Just two years later we have improved to the 20th best state for business.
These results are reflected in the state’s job numbers. Wisconsin has added 37,500 jobs between March 2011 and March 2012. More work needs to be done to improve our standing in the business community, but it is clear that we are moving in the right direction. I am encouraged by the recent growth discussed and excited to get back to work in Madison to do what is necessary to continue on the road of recovery.
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