Contacts:
Tony Hozeny, Department of Commerce, 608-267-9661
Ethnie Groves, Office of the Governor, 608-261-2156
Stacy Skemp, Bishop Fixture & Millwork, 715-485-9312
Project Will Create 130 Manufacturing Jobs, Retain 156
Manufacturing Jobs
BALSAM LAKE – Governor Jim Doyle announced today that Bishop
Fixture & Millwork of Balsam Lake will receive a $1.2 million Industrial
Revenue Bond for an expansion project.
“My ‘Grow Wisconsin’ initiative calls for investing in
Wisconsin’s manufacturing industry,” Governor Doyle said. “Bishop Fixture &
Millwork is a great example of the kind of company that we have in
Wisconsin. It’s a company that’s committed to producing quality products
and is willing to make investments in its workers and community. With this
project alone, it plans to create 130 manufacturing jobs for Polk County.”
Bishop Fixture & Millwork is a leading manufacturer and
installer of wood and metal store fixtures and custom millwork. The
company’s products include office furniture and retail display fixtures.
The company will invest more than $2 million to construct and equip a 45,000
square foot addition to its existing facility. The project will create 130
manufacturing jobs and retain 156 manufacturing jobs.
“We appreciate Governor Doyle’s assistance and support as we
expand our business to meet market opportunities,” said Stacy Skemp,
operations manager of Bishop Fixture & Millwork.
Governor Doyle said his Administration’s work to foster the
growth of business statewide, create high-wage, high-end jobs for citizens,
and build a strong economy from the ground up is starting to pay off. The
Governor said that his Administration has worked hard to create a better
business climate for manufacturers, from not raising any taxes in the
budget, to implementing the most aggressive regulatory reform in the
Midwest, to helping manufacturers meet the rising costs of energy.
“In the past 12 months, we’ve created more manufacturing
jobs – more than 12,000 – than any of our Midwestern neighbors,” Governor
Doyle said.
Industrial Revenue Bonds are free of federal tax, issued by
local governments, and the proceeds are loaned to new or expanding
businesses for development projects. The interest rate is generally below
the going prime rate.
For further information about the Industrial Revenue Bond
Program, contact Jamie Wall at Department of Commerce at 608-267-0770.
