A bio border battle

  • Article by: Thomas Lee , Star Tribune
  • Updated: March 23, 2011 - 4:52 PM

Part 1: Wisconsin has biotechnology investment down to a science, bounding ahead of Minnesota with a broad, tax-friendly strategy. Coming tomorrow, part 2: Badger State's tech boom.

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kimi08Sep. 30, 09 7:50 AM

Face it liberals, cutting corporate taxes creates jobs...period, end of story.

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wunderdudeSep. 30, 09 7:58 AM

surrounded by barbed wire. VCs and entrepreneurs are fools not to relocate to Hudson.

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roaringmouseSep. 30, 09 8:16 AM

I am curious what influx of jobs or $$ benefits wisconsin receives back - or if it is too early to tell.

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msmoppetSep. 30, 09 9:55 AM

perhaps you should look at the party affiliation of the governor in WI vs MN since you seem to want to turn this into a political 'thing'. WI has kept its hard working farm families who have a good work ethic, vs MN who have been slowly lead like sheep to the slaughter to believe that we MUST work hard and pay more taxes so we can line the pockets of CEO's with more money and stock options and give them so many tax breaks that they take their company and move to China, or whatever country the absentee governor has made a deal or visited in the past 8 years.

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motorguySep. 30, 0910:13 AM

And this is a good one. We don't offer tax incentives to businesses or do anything whatsoever to encourage them to stay in our state. I know, we're small business owners. We can move across the state line to SD or to many other states and have a pretty good thing going. And another thing to all those people who talk about greedy CEO's, etc.. My spouse is CEO of our company. We were a start up six years ago. We invested every single penny we had and now employee six people. In this economic downturn we've not laid off; we've struggled and we've made it. We've sold personal assets to borrow our corporation money to see us through this. Every single thing we are and have is invested in this company. DO NOT FOR ONE SECOND TELL ME OR MY SPOUSE WHAT WE SHOULD OR SHOULD NOT BE ALLOWED TO MAKE until you've walked a mile in my moccasins, a journey that included nights of lying awake sick to my stomach with worry, 18 hour days spent juggling and struggling and working our butts off to create something solid and tangible. You people take a turn at it and then come back and tell us what you think you ought to be making.

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ammiller1979Sep. 30, 0910:15 AM

It may be a bit knee-jerk to say that the problem is that Minnesota taxes are too high. Wisconsin is hardly a low tax state and a number of sources rank Wisconsin's tax burden as slightly higher than Minnesota's. I think a more accurate lesson would be that if we want to grow this type of high-paying, skilled industry, we need to 'tweak' our tax code to make the state more attractive.

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concernedduhSep. 30, 09 1:04 PM

The DFL likes to tax businesses even if it means less overall tax revenue. They haven't figured out how free enterprise works and think that having high taxes and strong unions is going to lead to prosperity. It may work if nobody there was no competition.

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wbgleasonSep. 30, 09 3:08 PM

No, it is not just a tax climate issue. Simply cutting corporate taxes is not going to solve our problems. As Mr. Lee points out WARF and URP at the University of Wisconsin are prime contributors to the state's biotech success. The U's four new biomedical research buildings will not be equivalent to University Research park at Madison, just as the University Enterprise Laboratory (UEL) was not. This will become apparent in few years. Significant investment in some sort of real research park at the U, and tying any tax breaks explicitly to job creation is what is going to be necessary for us to get off the mat after being pummeled mercilessly by Bucky. Real cooperation between St. Paul and Morrill Hall is going to be necessary rather than the bug tussle we've recently witnessed. Perhaps new leadership at the U in the next few years will help?

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jk12345Sep. 30, 09 4:35 PM

Liberals should read this story and take detailed notes. If you encourage and assist business, it creates jobs. Corporations can also be called employers. Employers are good to have around. Therefore, you shouldn't tax and regulate them out of business like liberals are good at doing. Our Senators Al and Amy suddenly learned this concept when their liberal buddies decided to propose more taxes medical device makers.

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DrMarkSep. 30, 09 6:25 PM

This is the perfect time to really raise taxs. I get told all the time it improves the business climate. So the reduction of taxs should push businesses away right? Perfect time to try your economic idea's right. Crank them up high

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