Dept. of Commerce: Gov. Doyle Announces business project in Burlington
Tony Hozeny, 608/267-9661
MADISON- Gov. Jim Doyle today announced that Hi-Liter Graphics, LLC, Burlington, Racine County, will receive a $500,000 loan from the Community Development Block Grant for Economic Development (CDBG-ED) Program administered by the Department of Commerce (Commerce). Hi-Liter Graphics, LLC is a commercial printing company that offers sheet-fed and web printing services.
"My Grow Wisconsin initiative calls for supporting the growth of businesses in the state," Gov. Doyle said. "I am pleased that this award could be used to aid in job creation in Racine County."
"Hi-Liter Graphics, LLC is investing $1 million to support its growth opportunities," Commerce Secretary Cory L. Nettles said. "The project will allow Hi-Liter Graphics, LLC to create 108 positions at an average wage of $16.20/hr. and leverage $506,000 in additional investment. The Department worked closely with the City of Burlington and Racine 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.