Contact:
Tony Hozeny, 608/267-9661
MADISON – Gov. Jim Doyle today announced that Crawford Industries, LLC, Wauzeka, Crawford County, will receive $102,000 in Community Development Zone Program tax credits. Crawford Industries, LLC is a start-up company that will initially produce decking board.
“My Grow Wisconsin initiative calls for supporting regions of Wisconsin that are developing new economic opportunities,” said Gov. Doyle. “I am pleased to provide this funding to Crawford Industries, LLC. This project will stimulate the local economy and create jobs needed for this community.”
This project will create 78 jobs, retain eight employees, and generate $4.5 million in private investment.
The Department of Commerce (Commerce) has certified 14 businesses for projects that will generate $14.4 million in new investment and 436 new jobs in the Vernon-Crawford-Richland Development Zone (VCR).
Commerce administers the CDZ Program, which offers tax incentives to businesses expanding or locating in a designated area of economic distress. Businesses can earn income tax credits for each new job created assuming one-quarter of the jobs are filled by target group workers who have faced barriers to employment, such as those dislocated by a plant closing or currently participating in the Wisconsin Works (W-2) Program. Businesses can also earn a tax credit for environmental remediation. Participants in the CDZ Program are Ashland-Bayfield-Price Counties, Beloit, Crawford-Richland-Vernon Counties, Eau Claire, Florence-Forest-Langlade-Lincoln Counties, Fond du Lac, Grant-Lafayette Counties, Green Bay, Iron County, Janesville, Juneau-Adams-Marquette Counties, Kenosha, La Crosse, Lac du Flambeau, Manitowoc, Marinette-Oconto Counties, Milwaukee, Racine, Stockbridge-Munsee, Sturgeon Bay, Superior, and Two Rivers. For further information on the CDZ Program, contact Amy Cumblad, Commerce, (608) 266-2688.
