Bay Shipbuilding Gets $2M in Tax Credit

Tuesday, March 23, 2004
Wisconsin’s Governor Jim Doyle announced on March 15 that the Department of Commerce will provide Bay Shipbuilding Company with $2 million in Enterprise Development Zone credits to assist the company as it upgrades the manufacturing facilities at its Sturgeon Bay plant. The Governor made the announcement during a visit to the company.

Governor Doyle said. “My Grow Wisconsin initiative calls for investing in manufacturing so we can create good jobs for our citizens. This project will help expand the shipbuilding industry in Door.” Bay Shipbuilding Co. is modernizing and upgrading its steel-cutting-and-fabricating capability at its Sturgeon Bay facility. Recent increased shipping activity has elevated its commercial shipbuilding, maintenance, and repair business, leading the company to develop a two-phase plan to increase efficiency and expand capacity. The project includes construction of a 14,000-sq.-ft. manufacturing facility at a cost of $3 million to house a new panel line and welding equipment. Commerce is providing $2 million in Enterprise Development Zone credits to support the expansion.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Golden Ocean Reshuffles Fleet, Delays Newbuilds

Golden Ocean Group Limited has entered into several agreements concerning its fleet. Golden Ocean has agreed with Ship Finance International Ltd ("Ship Finance")

Royal IHC Congratulates the King in a Special Way

  Royal IHC is very honored to be part of the program on the King’s Birthday. Among other activities, the King and his family will be viewing a ‘Grande

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2300 sec (4 req/sec)