WI: Governor Doyle Announces $1.5 Million in Funding for Wausaukee Composites
23 Sep, 2010
Project to Create 200 Full-Time Jobs
Governor Jim Doyle today announced up to $1,506,000 in assistance to Wausaukee Composites and Grant County to support the company's efforts to create 200 full-time jobs. The funding comes from the Community Development Block Grant for Economic Development program overseen by the Department of Commerce.
"My top priority this year has been to help move companies and communities forward and create good-paying jobs for our citizens," said Governor Doyle. "I'm pleased that we could help Wausaukee Composites expand its business and bring these new jobs to Grant County."
Wausaukee Composites will use the state funding to build and equip an addition to their Cuba City facility. The company has committed to creating 200 new full-time positions to manufacture wind turbine components. The total project cost is $5,023,000.
Wausaukee Composites manufactures highly engineered composite components for original equipment manufacturers in the construction equipment, agricultural equipment, mass transportation, wind energy, medical imaging, commercial site furnishings, therapeutic systems, corrosion-resistant materials handling and recreation industries. They are a subsidiary of Sintex Industries, headquartered in India, with textile and structural plastics plants on four continents.
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.