Matalco Inc. has begun construction
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....
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Ken 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...



- - Volume: 7 - WEEK: 47 Date: 11/21/2019 11:32:27 AM -