Dept. of Commerce: Gov. Doyle Announces Development Project in Janesville
For Release: March 23, 2004
Contact: Tony Hozeny, (608) 267-9661
MADISON--Gov. Jim Doyle today announced that Humane Manufacturing, LLC, Janesville, Rock County, will receive $150,000 in Community Development Zone Program tax credits. Humane Manufacturing, LLC manufactures rubber-molded products and flooring.
"My Grow Wisconsin initiative calls for supporting business growth," Gov. Doyle said. "I am pleased to provide this funding to Humane Manufacturing, LLC. This project will stimulate the local economy and retain jobs needed for this community."
"I am pleased that Commerce could participate in a project that will help Humane Manufacturing, LLC expand its business," said Department of Commerce (Commerce) Secretary Cory L. Nettles. "This project will create 34 jobs at an average wage of $12.44/hr., retain 48 employees and represents an investment of $1.1 million."
Commerce has certified 12 businesses for projects that will generate $25.2 million in new investment and 219 new jobs in the Janesville Community Development Zone (CDZ).
Commerce administers the CDZ Program, which offers tax incentives to businesses expanding or locating in a designated area of economic distress. Businesses can earn income tax credits for each new job created assuming one-quarter of the jobs are filled by target group workers who have faced barriers to employment, such as those dislocated by a plant closing or currently participating in the Wisconsin Works (W-2) Program. Businesses can also earn a tax credit for environmental remediation. Participants in the CDZ Program are Ashland-Bayfield-Price Counties, Beloit, Crawford-Richland-Vernon Counties, Eau Claire, Florence-Forest-Langlade-Lincoln Counties, Fond du Lac, Grant-Lafayette Counties, Green Bay, Iron County, Janesville, Juneau-Adams-Marquette Counties, Kenosha, La Crosse, Lac du Flambeau, Manitowoc, Marinette-Oconto Counties, Milwaukee, Racine, Stockbridge-Munsee, Sturgeon Bay, Superior, and Two Rivers. For further information on the CDZ Program, contact Amy Cumblad, Commerce, (608) 266-2688. -30-