Company awarded $5.85 million in tax credits for SW Wisconsin foundry project
DICKEYVILLE, Wis. — A Dubuque-based manufacturer has been awarded nearly $6 million in tax credits to assist with the construction of a new foundry in southwest Wisconsin.
The Wisconsin Economic Development Corp. board of directors on Tuesday approved awarding A.Y. McDonald Mfg. Co. up to $5.85 million in performance-based tax credits, a press release states.
The tax credits will go toward A.Y. McDonald’s ongoing project to build a 360,000-square-foot brass foundry in Dickeyville. A.Y. McDonald plans to invest “at least $340 million in Kieler and Dickeyville and create 173 high-paying jobs over the next five years,” the press release states.
[Adapted from: Company awarded $5.85 million in tax credits for SW Wisconsin foundry project Jan. 24, 2024, Telegraph Herald]
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