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

Shipbuilding

Maersk Line CEO: 11 New Ships Likely in Q2 2015

Maersk is considering ordering 11 container megaships in the second quarter of 2015, the Wall Street Journal reported today. "We need to grow with the market and increase our capacity by 425,

Drying Cabinets Handy On Board Nexus

In 2014, Pronomar equipped Van Oord’s offshore cable laying vessel Nexus with three drying cabinets, each responsible for the drying of eight sets of workwear.

Keels Laid for Two Aluminum OSVs

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2060 sec (5 req/sec)