Along with their vote next week on financial incentives to bring a gigantic Foxconn plant to Wisconsin, state legislators will consider a measure aimed at keeping Brookfield-based Fiserv Inc. from moving its headquarters out of the state.
During what's being called the "Wisconn Valley" special session, lawmakers will vote on allowing the state's enterprise zone incentives to be used for job retention for a "financial services technology business." Enterprise zones provide tax credits for companies that state officials want to attract to the state or to have expand in the state.
Mark Maley, spokesman for the Wisconsin Economic Development Corp., confirmed Friday that the matter involves Fiserv.
Fiserv, which provides financial technology to banks and credit unions, has been looking inside and outside Wisconsin for a new venue to build a state-of-the-art headquarters to replace its home office in Brookfield.
Since 1992, Fiserv, with roughly 800 local employees, has been housed in a three-story brick building at 255 Fiserv Drive.
"This legislation would give us the opportunity to use the enterprise zone program to work with that company," Maley said.
Fiserv would be expected to retain at least 93% of its full-time employees in Wisconsin to be eligible.
The legislation does not spell out where the new headquarters would be located, and Maley said he couldn't comment on that.
It's believed that Brookfield, which has a site just east of the current headquarters along W. Blue Mound Road ready for Fiserv, is competing with Milwaukee, Wauwatosa and Alpheretta, Ga. — where Fiserv has a big presence — for the new headquarters location.
This article was originally published in the Milwaukee Journal Sentinel.