Broydrick Clients Make List of WEDC Projects that “Worked”

Broydrick Clients Make List of WEDC Projects that “Worked”

I was proud to see two of the clients we assisted were named by the Wisconsin Center for Investigative Journalism, as being WEDC (Wisconsin Economic Development Corporation) deals that were “on the right track”. These companies received a portion of the $126 million in taxpayer subsidies to support their efforts in economic development and growth around the state:

Ruud Lighting: The Racine company got $725,000 to help expand its LED lighting manufacturing plant and has qualified for nearly $1.8 million of its $3.3 million in job tax credits by creating 340 of its 469 promised new jobs. Paul Jadin, the former head of WEDC, said the award kept the company from moving to North Carolina. “We not only retained them, we moved a lot of the North Carolina jobs up to Wisconsin,” he said.

Ta Chen International: WEDC said the Long Beach, California-based company has created 67 of the 92 jobs it planned to add when it moved from Illinois in 2014 to a massive distribution center in Pleasant Prairie. The company has claimed $634,000 of the offered $1 million in tax credits. Ta Chen regional manager Fred Nummela predicted the company, which distributes metal sheets, pipes and tubes, ‘is going to continue to grow.'” —Appleton Post Crescent

It was my pleasure to represent both Ruud Lighting and Ta Chen International during their efforts. Economic stability and growth in Wisconsin is an area that is near and dear to me, and continues to be a key focus in many of our client projects. It’s wonderful to see the excellent stewardship and use of tax dollars to create sustainable projects in the region. Congratulations to Ruud Lighting and Ta Chen International on a job well done.

Click here to read the article from the Appleton Post-Crescent.

 

Leave a Reply

Your email address will not be published. Required fields are marked *