Gov. Doyle: Announces $220,000 in state assistance for SSI Technologies expansion

Contacts: Laura Smith, Office of the Governor, 608-261-2162

Tony Hozeny, Department of Commerce, 608-267-9661

Project to Create 40 Jobs in Rock County

MADISON – Governor Jim Doyle announced today that SSI Technologies of Janesville will receive $220,000 in Development Opportunity Zone tax credits from the Department of Commerce. The company is using the funding for an expansion project that will create 40 jobs.

“My number one priority this year is helping our businesses create good-paying jobs and giving our workers the opportunities to get those jobs,” Governor Doyle said. “I’m pleased that we could assist SSI Technologies in bringing new jobs to Rock County.”

SSI Technologies designs and manufactures powder-metal, stainless-steel and iron-based components for the automotive and industrial markets. In anticipation of increased demand for its products, the company is expanding its Janesville facility by approximately 11,000 square feet and upgrading its equipment. The total cost of the project is $2,264,000.

Since taking office in 2003, Governor Doyle has worked aggressively to create and retain jobs in Wisconsin. Because of Governor Doyle’s leadership, Wisconsin now has some of the most powerful economic development tools in the country – from new tax credits to help manufacturers create and retain jobs, to new tools to help investors create start-ups, to new incentives to spur research and development. As a result of these tax credits, numerous companies have expanded or moved operations from other states to Wisconsin – including Republic Airways in Milwaukee, Mercury Marine in Fond du Lac, and Oshkosh Corporation – creating thousands of new jobs in communities throughout the state.

Governor Doyle has laid out plans to continue building the state’s economy and create jobs, including passing the CORE Jobs Act to build on the Governor’s successful economic development tax credits and strengthen programs for manufacturing, research and development, and worker training. The Governor has also called for passing the Clean Energy Jobs Act to create 16,000 jobs in the emerging clean energy economy and is establishing the Wisconsin Green to Gold Fund to help manufacturers reduce energy costs and create and retain jobs.

Governor Doyle has also worked to improve Wisconsin’s tax ranking and business climate. Today, Wisconsin ranks 30th in business taxes – well below the national average.