WISCONSIN RAPIDS, WI—Aluminum-billet manufacturer Matalco Inc. has begun
construction here on a new state-of-the-art plant. The $80 million
project is expected to create 80 jobs over the next three years.The new
110,000-square-foot greenfield re-melt extrusion billet and slab
manufacturing facility will produce more than 230 million pounds of
aluminum billet per year.
“We welcome Matalco to Wisconsin and thank the company for its decision
to expand its operations into our state,” says Tricia R. Braun, deputy
secretary and chief operating officer of the Wisconsin Economic
Development Corporation (WEDC), the state’s leading economic development
organization...
...WEDC is supporting the project with up to $1.5 million in state income
tax credits over the next three years, dependent on Matalco’s total
investment and the number of jobs created. In addition to the 80 jobs
expected to be created by Matalco, an economic modeling study estimates
the project could indirectly generate 48 additional jobs in the region....
...moreKen Notes: Interesting numbers, the per employee number is 18,750 not far from my proposal of 2K for ten year tax credit. The difference, any growing company could get my credit... I`m just saying... Anyway congrats...
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- - Volume: 7 - WEEK: 47 Date: 11/21/2019 11:32:27 AM -