Illinois business moves to Wisconsin - WKOW 27: Madison, WI Breaking News, Weather and Sports

Illinois business moves to Wisconsin

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BELOIT (WKOW) -- An Illinois based company is now calling Wisconsin home. Fatwallet.com moved it's headquarters and 54 jobs across the border to downtown Beloit.

Governor Scott Walker's campaign pledge was to create 250,000 jobs in four years. As soon as Walker took office, Lt. Governor Rebecca Kleefisch started making cold calls to businesses in Illinois urging them to come to Wisconsin and telling them Wisconsin is open for business.

The CEO of Fatwallet.com was her first cold call and now he's unpacking in Wisconsin.

It's moving day for Fatwallet.com. The Rockton Illinois based company is moving 54 employees and its headquarters just five miles across the Wisconsin boarder to this building in downtown Beloit.

Tim Storm, Founder and CEO of Fatwallet.com says,"Illinois was passing a law that was restricting our ability to do business with 30%-40% of companies we work with for years and as soon as that story hit the wires, we got a call from Rebecca saying hey, Wisconsin will welcome you."

Governor Scott Walker and Lt. Governor Rebecca Kleefisch campaigned on their promise to create 250,000 jobs in four years, but it's unclear exactly how those jobs are being counted.

Lt. Gov. Rebecca Kleefisch says, "It depends who is doing the actual counting. Department of Workforce Development may count one way, a journalist may count a different way, and we in the Lt. Governor's office are eager to just start counting because once that ticker gets going, we know we've got the momentum to create more jobs."

A spokesperson with Governor Walker's office tells 27 News there is no exact tally count of how many jobs have been created. He says they will keep track all job creation numbers based on information gathered by the department of workforce development.

Scot Ross of Wisconsin one now argues more jobs have left the state since Walker took office.

Scot Ross of One Wisconsin Now says, "All we've done is spend $140 million to ship jobs out of state and reward people at the highest income level. What he's done is not create jobs, what he's done is reward campaign donors."

But Lt. Governor Kleefisch, Fatwallet.com's CEO Tim Storm and the Beloit City Manager all say this move is great for Wisconsin, great for business and great for downtown Beloit.

Beloit City Manager Larry Arf says, "Not only does it occupy building, creates rental income for us but it also brings 50 plus employees back into our downtown area."

Fatwallet.com is an Internet source for online coupons and deals. The move was sparked by a new law in Illinois called the Affiliate Nexus Tax.

Tim Storm says the law would cause his company to lose 30-40 percent of its annual revenue.

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