September 11, 2008 • Wisconsin Governor Jim Doyle has announced he is providing $1.02 million in Enterprise Development Zone tax credits to Manitowoc, Wis.-based Manitowoc Cranes to assist with a $25 million expansion that will create 157 jobs.
“Manitowoc Cranes is exactly the kind of company we are excited to have here in Wisconsin,” Governor Doyle said. “Their commitment to developing unique, high-performance products helps drive the future of this state.”
The company will be provided with more than $1 million in tax credits to expand its Manitowoc and Port Washington facilities, which will create 157 jobs in Wisconsin. Manitowoc Cranes will invest $25 million to expand the two facilities and meet increasing worldwide demand.
In order to improve the competitiveness of Wisconsin's manufacturing sector in the global economy, Governor Doyle has launched a comprehensive plan to invest in the manufacturing by focusing on efficiency and lean manufacturing principles. His plan targets $85 million in tax credits to leverage $1.6 billion in private capital investment, creating 5,000 new jobs and training more than 4,000 workers for the manufacturing jobs of tomorrow.
To continue to stay ahead of the competition, Wisconsin's manufacturers must also invest more in research and development to improve existing products and develop new ones. Governor Doyle's Innovate Wisconsin initiatives provide new tax credits for businesses that significantly increase investment in research and development, allowing Wisconsin businesses to enhance their efforts to develop and grow in the new economy.
