Tony Hozeny, 608/267-9661
MADISON – Gov. Jim Doyle today announced that EPCO Carbon Dioxide Products, Inc., Monroe, Green County, will receive in $54,000 Agricultural Development Zone tax credits from the Department of Commerce (Commerce) to help the company construct and equip a facility in Monroe. The City of Monroe will receive a $195,000 Community Development Block Grant – Public Facilities for Economic Development (CDBG-PFED) to provide necessary infrastructure for the construction of the new EPCO Carbon Dioxide Products, Inc. facility.
“My Grow Wisconsin plan calls for bringing new manufacturing opportunities to Wisconsin,” said Gov. Doyle. “I am pleased that Louisiana-based EPCO Carbon Dioxide Products, Inc. has chosen to open its new facility in Wisconsin. The company will help grow our economy by creating jobs in Green County.”
“We would like to thank Gov. Doyle and the Department of Commerce for the grants that help make this project one of the most successful in EPCO history,” said Darrel Craft, EPCO Corporate Vice-President and CFO. “The Monroe, Wisconsin location provides EPCO with an excellent location for producing and distributing food grade liquid carbon dioxide in the marketplace.”
EPCO Carbon Dioxide Products, Inc. produces food-grade liquid carbon dioxide. The company is investing $1.8 million to construct and equip the new facility. The project will create 26 jobs and the total cost is $2.7 million.
The Agriculture Development Zone program helps attract, promote, retain, and encourage the expansion of agriculture business in Wisconsin. For more information about the Agriculture Development Zone program, contact Amy Cumblad, Commerce, at 608/266-2688.
The CDBG-PFED Program awards grants to communities that seek to provide infrastructure for a particular business development project. For further information on the CDBG-PFED Program, contact James Frymark, Commerce, at 608/266-2742.