HomeMy WebLinkAboutResolutions 2001 (38) A Resolution Supporting the Creation of a Technology Zone
Comprised of St. Croix, Polk, and Pierce Counties
RESOLUTION No. g C a a o f)
St. Croix County, Wisconsin
WHEREAS, high - technology companies are coveted by state and local economic development
organizations; and
WHEREAS, new state legislation allows for the creation of eight (8) technology zones
and one (1) agricultural development zone in Wisconsin; and
WHEREAS, certain tax credits are available to high- technology companies which expand,
relocate, or establish operations in a technology zone; and
WHEREAS, each technology zone is limited to five (5) million dollars in tax credits; and
WHEREAS, the tax credits will apply to high- technology companies that make a capital
investment such as the expansion of an existing facility, construction of a new facility, the
purchase of new equipment, or retain, create, or significantly upgrade jobs; and
WHEREAS, the Wisconsin Department of Commerce is authorized to certify eligible
businesses for the tax credits based on their ability to create jobs and investment in related
industries; and
WHEREAS, the border counties of St. Croix, Polk, and Pierce represent strong relocation
options for companies seeking the benefits of a major metropolitan market without experiencing
the high taxes and congestion normally associated with a metropolitan area.
THEREFORE, BE IT RESOLVED, that the St. Croix County Board of Supervisors does
support and endorse the creation of a technology zone comprised of St. Croix, Polk, and Pierce ,
Counties; and
BE IT FURTHER RESOLVED, that the St. Croix County Board Chair and Clerk are hereby
authorized to sign all the necessary documents on behalf of the County and to take the necessary
steps under a Memorandum of Understanding with Polk and Pierce Counties to prepare and file
an application for a three (3) county technology zone.
Offered by the Administration Committee on b,L3-- /1 , A 0
NEGATIVE AFFIRMATIVE
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