Contact: Tony Hozeny, Department of Commerce, 608-267-9661
Project to create 14 jobs
MADISON—Governor Jim Doyle announced today that Lake Assault Boats, LLC, Superior, Douglas County, will receive $111,000 in tax credits from the Economic Development Tax Credit Program from the Department of Commerce (Commerce) to move production from Minnesota to Superior.
“One of my top priorities is to help move companies and communities forward and create good-paying jobs for our citizens,” said Governor Doyle. “I’m pleased that we could assist Lake Assault Boats, LLC in bringing new jobs to Wisconsin.”
Lake Assault Boats was formed in 2003 in Minnesota as a custom fishing boat manufacturer. The company also started producing work boats for local, state, and federal government agencies. In 2009, Fraser Industries, Inc. purchased the assets of Lake Assault Boats and moved the company to Fraser Shipyards in Superior. The project will create 14 jobs in Wisconsin and represents $1.1 million in investment.
This project builds on Governor Doyle’s efforts to position Wisconsin for future growth. Since taking office in 2003, Governor Doyle has worked aggressively to create and retain jobs in Wisconsin. Governor Doyle’s budget last year created some of the strongest economic development tools in the nation to help businesses create jobs and get people back to work. Wisconsin now has powerful new tax credits to help manufacturers create and retain jobs, new tools to help investors create start-ups, and new incentives to spur research and development.
Earlier this week, Governor Doyle signed the CORE Jobs Act to build on his efforts by creating and expanding a number of tax credit programs for angel and venture capital investments. The legislation also strengthens successful programs for manufacturing, research and development, and worker training. In addition, the Governor signed two bills to expand the successful Enterprise Zone program to help create and retain jobs.
For more information on Commerce programs and services, contact the Commerce area development manager at http://commerce.wi.gov/BD/BD-AreaDevManagers.html.
