Tony Hozeny, Department of Commerce, 608/267-9661
MADISON- Governor Jim Doyle today announced that MCL Industries, Pulaski, Brown County, will receive an Industrial Revenue Bond allocation totaling $1,120,000 for an expansion project. This project will create 60 jobs.
“My Grow Wisconsin 2005 Agenda calls for investing in our manufacturing industry because it is a main driver of the Wisconsin economy,” Governor Doyle said. “The Industrial Revenue Bond Program helps us work in partnership with communities to strengthen their manufacturing base and promote and retain job creation and investment.”
MCL manufactures electrical equipment for heavy-duty on/off road vehicles and heavy-duty equipment manufacturers. It is constructing a 22,000-square foot addition onto the existing MCL facility in Pulaski as more space is needed for production
Industrial Revenue Bonds are bonds free of federal tax issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate. For further information on the Industrial Revenue Bond Program, contact John Sticker, 608/261-7710.