Development Incentives
Medford offers businesses and industries a variety of incentives to encourage economic development. The city has three tax increment financing (TIF) districts to help provide municipal and infrastructure improvements. The city is eligible for Community Development Block Grants and Wisconsin Development funding to provide direct assistance to industries which create new jobs. It also has a local Revolving Loan Fund and when fully capitalized will provide up to $500,000 for industrial development at below market interest rates. The city has two developed industrial parks with land available to qualified industries below the City’s cost. In addition, the Medford Industrial Foundation will finance up to 90 percent of the cost of land and building for qualified industries.