Rendering: Pure Architecture Studio LLC
Drexel Building Supply Inc.‘s new showroom and distribution center in New Berlin is receiving up to $250,000 in state tax credits.
In return, the $11 million project is expected to create 50 jobs over the next three years.
Campbellsport-based Drexel, which provides building materials and services to contractors and homeowners,
owns 92 acres northeast of Coffee and Calhoun roads. It will build a seven-building, 128,000-square-foot facility there.
The Wisconsin Economic Development Corp. announced today it is supporting the project with up to $250,000 in state income-tax credits over three years. The actual amount of tax credits awarded is contingent on the number of jobs Drexel creates during that period.
Kimberly-Clark to move 250 jobs from Neenah, will open Chicago location
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Milwaukee Public Museum seeks $150,000 state grant for new site work
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The Fiserv Forum was supposed to be the site of the 2020 Democratic National Convention. Photo by Angela Major/WPR.
Leaders of Wisconsin businesses in hard-hit sectors say the millions in federal aid set to be distributed is a chance to help them recover from the COVID-19 pandemic’s effects and make lasting changes in their industries.
Restaurant and hospitality business owners spoke Wednesday at a virtual listening session convened by the Wisconsin Economic Development Corp. The session included businesses from urban and rural parts of the state, who discussed how funds from the $1.9 trillion coronavirus relief package can help them in the short term and set up Wisconsin businesses for success after the pandemic.