Wisconsin is the 21st largest economy in the US, with a gross domestic product (GDP) of $338 billion. The per capita personal income was $55,487 in 2020. In January 2021, the unemployment rate in the Badger State was 3.8%, which was lower than the national average of 6.3%.<\/p>\n\n\n\n
Manufacturing has a huge presence in Wisconsin. It represents 20% of the state's GDP and employs nearly 458,000 workers. Some of the notable companies in the industry include Kohler Company, Mercury Marine, Rockwell Automation, Johnson Controls, John Deere, Briggs & Stratton, Milwaukee Electric Tool Company, Caterpillar Inc., Joy Global, Oshkosh Corporation and Harley-Davidson. <\/p>\n\n\n\n
Small business owners choose to set up shop in Wisconsin for a number of reasons, including access to support agencies, a good transportation infrastructure, a rich manufacturing history, and a renewed commitment to entrepreneurs and start-ups. To keep the tradition alive and bring in new opportunities, Wisconsin offers significant tax incentives to retain the work in the state. <\/p>\n\n\n\n
Here is a list of small business statistics from the state of Wisconsin:<\/p>\n\n\n\n