Dept. of Commerce: Wisconsin Development Fund Awards
Contact: Tony Hozeny, (608) 267-9661
MADISON - Gov. Jim Doyle today announced that two companies will share $167,169 in Wisconsin Development Fund awards. The awards were made at the Wisconsin Development Finance Board meeting held March 22 in Madison.
"My Grow Wisconsin initiative calls for supporting Wisconsin's manufacturing and technology industry clusters," Gov. Doyle said. "Today's awards will assist Marlin Technologies, Inc., in its efforts to achieve ISO certification, and also support a project that will advance medical technology for NeoClone Biotechnology International, LLC. The awards will help these companies create 16 jobs, retain 25 positions, train 22 employees, and leverage $599,169 in additional investment."
The following summarizes the successful proposals:
Marlin Technologies, Inc., Horicon, Dodge County, $17, 169 Customized Labor Training (CLT) grant. Marlin Technologies, Inc., is a full-service provider of electronic controls for original equipment manufacturers. It is seeking ISO 9001:2000 certification, IPC circuit assembly standards and certification, and inspection standards certification. The company will use the CLT funds to train 20 existing employees and two new employees. The project will leverage $17,169 in additional private investment.
NeoClone Biotechnology International, LLC, Madison, Dane County, $150,000 Technology Development Loan (TDL). NeoClone Biotechnology International, LLC develops and manufactures technology that produces monoclonal antibodies in mice (mAbs) in less time and at lower cost than conventional development processes. The mAbs may be used for the treatment of a wide range of diseases. This project includes the adaptation of technology from its current working environment in the mouse immune system to that of the human immune system. The company will use the loan for additional lab space, equipment and materials. It will retain five positions and create 14 positions at an average wage of $18/hour. The project will leverage $582,000 in additional private investment.
The Department of Commerce staffs the Wisconsin Development Fund. The independent Wisconsin Development Finance Board considers proposals and awards funds. For further information, contact Jamie Wall at (608) 267-0770.