Contact:
Tony Hozeny, Department of Commerce, 608/267-9661
MADISON – Governor Jim Doyle announced today that Surfaces Transport, Inc.,
Milwaukee, Milwaukee County, will receive $69,000 in Community Development
Zone (CDZ) tax credits to purchase, renovate, and equip a long-vacant
building in Milwaukee. The project will create 23 jobs and retain 59 jobs.
“My ‘Grow Wisconsin’ Initiative calls for helping businesses make a lasting
investment in Wisconsin’s economy,” Governor Doyle said. “This project will
stimulate the local economy and create jobs for the community. I applaud
Surfaces Transport for making this investment, and bringing new jobs to
Milwaukee County.”
Surfaces Transport, Inc. stores and transports floor covering material. The
company is expanding to meet the needs of a growing market. It is investing
$1.8 million to purchase, renovate and equip the building.
The Department of Commerce administers the Community Development Zone (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 Wisconsin Works
(W-2) Program. Businesses can also earn a tax credit for environmental
remediation.
