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Governor Doyle Announces Agricultural Development Fund to Ardisam, Inc. in Barron County
For Immediate Release: March 13, 2008 Project to create 29 jobs MADISON - Governor Jim Doyle today announced $187,000 in Agricultural Development Zone tax credits for Ardisam, Inc., City of Cumberland, Barron County. The project is expected to create 29 new jobs. "Agriculture is the backbone of our economy," Governor Doyle said. "For our economy to thrive well into the future, we must continue our support for our state's agribusiness and strive to keep workers, businesses, and industries strong and prepared for the economy of the future." Ardisam, Inc. was founded in 1960 as a manufacturer of gear boxes and ice augers. Ardisam, Inc. is now expanding its operations into the biodiesel industry. The company plans to construct and equip an addition to its facility in Cumberland, which will manufacture biodiesel fuel. Total project cost is $2,291,500. The Agriculture Development Zone program provides tax credits, which help attract, promote, retain, and encourage the expansion of agriculture businesses in Wisconsin. For more information about the Agriculture Development Zone program, contact Todd Jensen, Commerce, at 608/266-3074. -30- |
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