THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
GOVERNOR VISITSWinsert Inc. President and CEO, Trisha Dickinson Lemery introduced Gov. Scott Walker Monday, April 16 at Winsert, Inc. in Marinette, where he announced various tax credits the company will receive for hiring up to 92 new employees. Winsert, Inc. is also in the process of an expansion of the business.
Gov. Walker Visit Supports Winsert
Gov. Scott Walker visited Marinette on Monday, April 16, and announced that Winsert, Inc. is receiving an allocation of tax credits through the Wisconsin Economic Development Corp. (WEDC), City of Marinette and Wisconsin Housing and Economic Development Authority (WHEDA) to support the creation of up to 92 jobs in addition to retaining 156 existing positions.
Winsert is eligible for $880,000 in tax credits depending on the number of new full time employees hired over a three year period and maintained for five years.
Winsert will also received $19 million in federal New Market Tax Credits (NMTC) from WHEDA. It provides tax incentives to investors who make equity payments in Community Development Entities such as the Wisconsin Community Development Legacy Funds (WCDLG) which invest in rural and urban low-income communities. Winsert will use funds gained from selling the MTCs to an investor to reduce financing required for their expansion project.
Gov. Walker said, This expansion by Winsert is more good news for the Marinette area. It is another sign of the confidence manufacturers have in Wisconsins business climate.
Trisha Dickinson Lemery, president and chief executive officer of Winsert, said We are very pleased to be in a position of expanding our business in our community and the great state of Wisconsin. My family roots are here. We believe the continued expansion of our business reflects a sustained focus on alloy technology and manufacturing innovation. Without the quality of our skilled workforce and investment in Research and Development, we could not successfully compete in a global economy.
Her father, Stephen Dickinson founded Winsert in 1977 and is chairman of the board of directors. His daughter has been with the company for 18 years.
David Eickmeyer, vice president of engineering, said, Support of the City of Marinette and Wisconsin is essential to the viability of this project. We are pleased with the support they have shown for this project todate. This expansion will enable us to remain a vital member of our community, giving back through creation of jobs and the building of a skilled workforce.
Winsert expects to have a groundbreaking for the expansion in May with construction scheduled for completion in the spring of 2013. The firm is currently seeking to hire 25 employees in various capacities with plans to increase the workforce.
State Rep. John Nygren (R-Marinette) also attended the event and commended Winsert for making the commitment to growing jobs and creating new employment opportunities for families in Northeastern Wisconsin.
He said, It is clear that the pro-growth, pro-business reforms we have made in Wisconsin have opened the door for more small business owners and helped private sector employers like Winsert create jobs. Moving forward, I will continue to uphold the promises I made to families across my district and remain focused on bolstering Wisconsins workforce.
Winsert is a leading supplier of advanced alloy technology solutions. It provides expertise in alloy development to solve high temperature wear or corrosive wear problems in difficult applications such as heavy-duty and high performance engines, as well as components for the food and beverage, forestry, chemical processing and other industrial applications.
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