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Reporter Contacts
(608) 267-4417

Central Building Location:
201 W. Washington Ave.
Madison, WI 53703
View map / get directions

Mailing Address:
P.O. Box 7970
Madison, WI 53707-7970

Office of Governor
Scott Walker
Link to Governor Walkers's web site
 
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IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.

Subsequent Reporting

Investors, both angel and venture capital funds, must commit to working with Qualified New Business Ventures in filing annual reports with the Department of Commerce.

Commerce will provide an Annual Report, which will request information on how the funds were used, benchmarks achieved, commercialization success, additional investments in the business and job creation that has taken place.

  • When angel investments are involved, the reports must be filed as long as the angel holds the investment in the business.
  • In the case of venture capital funds, reports must be filed throughout the life of the fund or for 10 years, whichever is shortest.

Tax Credit Forms

Investors (both angel and venture capital funds) must also notify the Department of Commerce within 20 business days if the investment is withdrawn or otherwise recovered, or if the Qualified New Business Venture ceases operation in Wisconsin. If the investment is held for less than 3 years, or not used for legitimate business purposes, Commerce shall revoke the verification of tax credits and notify the Department of Revenue, which may take action to recapture the tax credits.

For more information, contact:
Chris Schiffner
 608/267-2425
 Chris.Schiffner@Wisconsin.gov

The Department of Commerce is developing online reporting forms. These forms should be available on this website in the near future. In the meantime, forms may be obtained by contacting Chris Schiffner.

The State of Wisconsin does not endorse the quality of management or the potential for earnings of the certified Qualified New Business Venture. Furthermore, the Qualified New Business Venture's use of the phrase "certified" and/or "qualified new business venture" is not a recommendation or endorsement of the investment or the company by the Wisconsin Department of Commerce.