What businesses say about Iron County…

A 1991 Iron County Business Retention and Expansion Study of Iron County’s largest employers found:

50% said their employee turnover rates were less than 2%.

Non-union shops common.

Ranked high quality of life, lower labor costs and good banking relationships as having the most positive impact on doing business in Iron County.

87% ranked Iron County as a good to excellent place to do business.

Utilities

The utility rates in Iron County are the lowest in Wisconsin. Iron County’s electrical needs are served by Xcel Energy (urban areas) and by Bayfield Electric Cooperative (rural areas). Xcel Energy also provides natural gas in selected areas.

Large commercial utility users may expect utility costs as much as 13% lower in Iron County than in other parts of Wisconsin.

Industrial Parks

Hurley Industrial Park, located just a mile southwest of the City of Hurley, provides 58 available acres with direct highway access and all utilities installed. Zoned industrial, the price per acre is negotiable.

Additional business information is available upon request or visit the Hurley & Mercer Industrial Park pages on our site.

Financial Institutions

Associated Bank North, Hurley, WI

Associated Bank, Mercer, WI

Chippewa Valley Bank, Hurley, WI

National City Bank, Ironwood, MI

Wells Fargo Bank, Ironwood, MI

Citizens State Bank, Ironwood, MI

Iron County Community Credit Union, Kimball & Mercer

Gogebic Range Bank, Ironwood, MI

Tax Advantages

Corporate Income Base: Net Income Corporate Income Rate: 7.90%

Capital Stock Net Worth Tax: None

County Sales Tax: 0.05%

Property Tax Exemptions

Manufacturing machinery and processing equipment;

Farm machinery and farm products owned by the producer;

Business Inventories;

Solar and wind energy systems;

Waste Treatment facility property

Unemployment Compensation

Worker unemployment compensation rates that are less than half that of neighboring states.

Base = $10,500

Rates = 1.99 to 11.23%

New Regular Employer Rate = 3.03%

New Construction Employer Rate = 6.58%

Technical Education & Specialty Training Technical training is available at Gogebic Community College in Ironwood, Michigan; at Wisconsin Indianhead Technical College in Ashland, and at Nicolet College in Rhinelander. The Northwest Wisconsin Private Industry Council, which coordinates job training and retraining, is located in Ashland.

Hiring/Training Incentives If your current or new employees need customized training as part of their new assignment, here’s help.

Customized Labor Training Fund

Upgrading of workers’ skills in new technologies is a major emphasis and programs are available to help employers.

On-the-Job Training

Funds are available to administer job training programs to benefit the unemployed and economically disadvantaged.