The City of Wausau is committed to fostering economic growth and revitalization through strategic investment and business-friendly policies. One of the primary tools utilized to achieve these goals is Tax Increment Financing (TIF), along with other incentive programs designed to support business development and community enhancement.

Tax Increment Financing (TIF) Development

The City utilizes Tax Increment Financing (TIF) as a tool to stimulate economic development and revitalization. TIF assists in funding public infrastructure improvements and provides financial support for private development projects that align with the City's strategic goals.

• Economic Development Goals:
• Job creation through the attraction, retention, and expansion of businesses
• Fostering new business development
• Enhancing property values to boost the tax base
• Revitalization Objectives:
• Eliminating blight
• Promoting urban infill
• Preserving historical structures
• Encouraging adaptive reuse of properties
• Developing affordable housing
• Implementing high standards of building design and materials

For more detailed information on TIF development opportunities, please contact the Development Department at 715-261-6680 or wausaudevelopment@wausauwi.gov. 

• If you’d like to complete a TIF Application, please click the link to access the form. 
  

Additional Incentives for Business Growth

Beyond TIF, Wausau offers various incentive programs to support businesses looking to invest in the region. These include state and local tax credits, grant opportunities, workforce development programs, and infrastructure support. By leveraging these incentives, businesses can maximize their potential for success while contributing to the local economy.

Other Incentives:

• State Tax Credits
• Transportation Economic Assistance (TEA) Program
• Wisconsin Fast Forward Training Program
• Workforce Advancement Training (WAT) Grants
• Manufacturing and Agriculture Credit
• Research and Development Credit

For a comprehensive overview of available incentives and resources, visit Central to Success.

The City of Wausau remains dedicated to creating a thriving business environment. Whether you're an entrepreneur looking to launch a new venture or an established company seeking expansion, we invite you to explore these opportunities and connect with our team to achieve your business objectives.