The goal of the Development Opportunity Zone (DOZ) Program is to incent new and expanding business in the Cities of Beloit, Janesville and Kenosha.
The program primarily supports the following WEDC Strategic Pillar and Focus Area:
Business Development: Business Retention and Expansion
The program supports job creation, job retention, capital investment and environmental remediation by providing nonrefundable tax credits that can help to reduce a company’s Wisconsin state income tax liability, thereby helping to enhance its cash flow to either increase the expansion project’s scope, accelerate the timing of the project or enhance payroll. Also, the program incents the creation of jobs for target group members.