For Release: March 25, 2004
Contact: Tony Hozeny, (608) 267-9661
MADISON – Gov. Jim Doyle announced today that Anteco Pharma, LLC, Lodi,
Columbia County, in the South Central Region Agricultural Development Zone
will receive $93,800 in tax credits. The South Central Region Agricultural
Development Zone includes the counties of Columbia, Dodge, Green Lake,
Marquette, and Sauk.
“My Grow Wisconsin initiative calls for supporting Wisconsin’s agricultural
industry,” Gov. Doyle said. “I am pleased to provide this funding to Anteco
Pharma, LLC. The State of Wisconsin needs to do everything it can to create
new opportunities in the agribusiness industry.”
“We support promoting regional cooperation and strengthening our
agricultural base,” said Department of Commerce (Commerce) Secretary Cory L.
Nettles. “With today’s award, Anteco Pharma, LLC will be able to purchase
new equipment and achieve full production.”
“This project is another example of what the state and local
governments can accomplish by working together to create jobs and improve
Wisconsin’s economy,” Lodi Mayor Paul Fisk said.
“The tax credit program was created by our Wisconsin Legislature to
assist in encouraging job creation and new business start-ups in rural
areas,” said Nancy Elsing, Executive Director at the Columbia County
Economic Development Corporation. “Our South Central Agricultural
Development Zone has continued to grow our area’s agricultural economy by
assisting Anteco Pharma, LLC. It is another excellent agri-business that
will continue to grow in Lodi.”
Anteco Pharma, LLC is a start-up company that will provide
large-scale freeze-drying services to the pharmaceutical, diagnostic and
specialty food industries. The company is investing $1.1 million in
equipment and operating funds. The project will create seven positions at an
average wage of $31.43/hour.
The Agricultural Development Zone (ADZ) program offers tax credits
for use by locating or expanding agribusinesses. Agribusinesses can claim
income tax credits for the creation of jobs and capital investment and for
environmental remediation activities. For information on the ADZ program,
contact Amy Cumblad, Commerce, at (608) 266-2688.