Wisconsin Touts New Economic Development Tools

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Updated: 9:03 PM Jul 10, 2009 Wisconsin Touts New Economic Development Tools Wisconsin came up empty in the competition to land a new General Motors Corp. car plant, but tax breaks that were a part of the state's pitch may end up helping other businesses stay or expand. Posted: 9:37 AM Jul 10, 2009 Reporter: Associated Press Wisconsin Touts New Economic Development Tools

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MADISON, Wis. (AP) -- Wisconsin came up empty in the competition to land a new General Motors Corp. car plant, but tax breaks that were a part of the state's pitch may end up helping other businesses stay or expand.

Wisconsin Technology Council President Tom Still says incentives used as part of the GM package may end up attracting more businesses to Wisconsin.

A host of new economic development tools were passed this year despite a record-high $6.6 billion budget shortfall. Commerce Department official Zach Brandon says they are among the most powerful in the country.

But Wisconsin Manufacturers and Commerce official Jeff Schoepke says the good incentives were outweighed by tax increases and other bad business moves in the budget.

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