Bay Shipbuilding Gets $2M in Tax Credit
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.