Wisconsin molder earns major tax credits saving, creating jobs
Published: December 21st, 2009
Yesterday, Wisconsin Governor Jim Doyle announced that Dickten Masch Plastics LLC (DMP; Nashotah, WI) will receive $293,000 in Economic Development Tax Credits from the Wisconsin Dept. of Commerce for a recent expansion that creates 75 jobs and saves another 160.
Speaking at the Dickten Masch facility, Wisconsin Secretary of Commerce Dick Leinenkugel credited DMP for seizing an opportunity to take over the fluid indicator product line from its longtime working partner Charter Automotive (Milwaukee, WI). About 60 Charter Automotive employees are being asked to transfer to DMP and the company expected another 20 jobs to be added when the division reaches full capacity.
Steve Dyer (right), CEO of Dickten Masch Plastics, speaks with Wisconsin Secretary of Commerce Dick Leinenkugel in the DMP plant as the company received $293,000 in tax credits for creating and saving jobs in the state.
When Charter said it was leaving the fluid level indicator business, DMP stepped in to see if it could get business from the leading automakers that had been the company’s business. Leinenkugel noted that DMP will expend $2.8 million to start production, and the $293,000 in tax credits will help offset those costs.
The Commerce Secretary mentioned several other companies that had received tax credits for various degrees of saving or creating jobs. He said that the state was making progress, noting that its unemployment rate is at 7.8%, about two points below the national average, though acknowledging that many others remain unemployed.
Dickten Masch Plastics employs over 250 persons full time between its Hashotah headquarters and its plant in Ames, IA. DMP is a contract manufacturer with extensive plastics molding technology. For more information, see this IMM article. —firstname.lastname@example.org