Gov. Doyle Announces $144,000 for Capitol Stamping Corp. Project

MADISON – Governor Jim Doyle today announced that Capitol Stamping Corp., Milwaukee (Milwaukee County, will receive $144,000 in Community Development Zone tax credits from the Department of Commerce for a project that will retain and create jobs.

“Manufacturing is at the heart of Wisconsin‘s economy,” Governor Doyle said.  “This project will continue to expand the industry, stimulate the economy and create good jobs for the community.  I am pleased that we could help Capitol Stamping Corp. purchase the assets of a business, create jobs, and retain jobs that would otherwise have been lost.”

Capitol Stamping Corp., designs, engineers and manufactures specialty metal stampings.  In September 2005, this company invested $6.8 million to purchase the assets of a company of the same name that was in receivership.  It will retain 89 employees and hire 48 employees over the next three years.

For more information on Department of Commerce programs and services, contact the Commerce area development manager at www.commerce.wi.gov/MT/MT-FAX-0901.html