Governor Doyle Announces Industrial Revenue Bond Allocation in Jackson

Project to create 11 jobs


 


MADISON- Governor Jim Doyle today announced a $1,500,000 Industrial Revenue Bond (IRB) allocation for Germantown Iron & Steel Corporation in Jackson, Washington County.


 


“One of the top priorities of my administration is to help move industries, companies, and communities forward, and ensure there are good, family-supporting jobs for our citizens,” Governor Doyle said. I am pleased to provide Germantown Iron & Steel with a bond that will allow the company to grow.”


 


Germantown Iron & Steel Corporation is a custom design/build structural steel fabricator. The company serves the commercial, industrial, institutional and residential markets. Germantown Iron & Steel will use the funds to construct and equip a new manufacturing facility in Jackson. The project is expected to create 11 jobs. Total project cost is $3,305,000.


 


Industrial Revenue Bonds are bonds free of federal tax issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate.  


 


For more information on Commerce programs and services, contact the Commerce area development manager at http://commerce.wi.gov/BD/BD-AreaDevManagers.html