A.Y. McDonald Mfg. Co. has been approved for up to $5.85 million in state tax credits, which it can earn through a planned expansion in Grant County.
That’s according to the Wisconsin Economic Development Corp., which yesterday announced the WEDC Board of Directors had approved the performance-based tax credits. The Iowa-based company can earn them by hitting certain job creation and investment targets, WEDC notes.
The 167-year-old manufacturing business is building a new brass foundry in Dickeyville and expanding an existing facility in Kieler, according to the release. Those plans involve investing at least $340 million and creating 173 jobs over a five-year period. Construction on the project has begun, and it’s expected to be operational in 2026.
“A.Y. McDonald’s decision to expand in Wisconsin is a win for the communities of Kieler and Dickeyville, for the workers and families in those communities, and for state-of-the-art manufacturing in Wisconsin,” WEDC Secretary and CEO Missy Hughes said in a statement.
The village of Dickeyville last year established a tax incremental financing district for the project, according to WEDC. Grant County Economic Development Director Ron Brisbois says the economic impact of the development “goes well beyond” the foundry alone.
“This project has forged a pathway for future economic growth for the entire county,” Brisbois said in a statement.
See more project details in the release.
