Dept. of Commerce: Gov. Doyle Announces business project in Wood County
Tony Hozeny, 608/267-9661
MADISON- Gov. Jim Doyle today announced that Urban Processing, LLC, Wisconsin Rapids, Wood County, will receive a $197,300 award from the Community Development Block Grant for Economic Development (CDBG-ED) Program administered by the Department of Commerce (Commerce). Urban Processing, LLC manufactures cranberry products including sweetened, dried cranberries, juice concentrate, and ice cream topping.
"My Grow Wisconsin initiative calls for supporting the growth of new businesses in the state," Gov. Doyle said. "I am pleased that this award could be used to aid in job creation in Wood County."
"Urban Processing, LLC is investing $1.9 million to support its growth opportunities," Commerce Secretary Cory L. Nettles said. "It will use the loan to purchase equipment. The project will create 21 jobs and leverage $675,000 in additional investment. The Department worked closely with Wood County to make this project happen."
Wisconsin communities have realized substantial benefits from the program. Since 1985, Commerce has made more than 280 awards totaling over $100 million for economic development projects expected to create and retain over 10,000 jobs and leverage more than $270 million in private funds. Currently, 180 communities operate revolving loan funds capitalized by CDBG-ED project loan repayments. For more information, contact Jamie Wall at 608/267-0770.