Friday, June 23, 2006

Thriving in tax hell

Maybe RedPrairie's John Jazwiec should spend a little less time talking about socialism and a little more time talking folks like these about how to thrive in Wisconsin. The Business Journal reports:

Bemis to expand, add 500 jobs
Bemis Company Inc. will receive $3 million in tax credits from the Wisconsin Department of Commerce to help the company grow its product line and workforce.

The Neenah-based manufacturer of packaging materials will use the tax credits to expand many of its Wisconsin plants, which could yield up to 500 new manufacturing jobs, Gov. Jim Doyle announced Friday.

The credits will allow the company to begin a $20 million expansion that would double its Perfecseal plant in New London by 2007.

Bemis (NYSE: BMS) is the eighth-largest public company in Wisconsin, employing 3,400 people in 11 manufacturing plants across the state.

In May, Bemis relocated its corporate headquarters from Minnesota to Neenah. Bemis specializes in the manufacturing of flexible packaging products and pressure sensitive labels. In 2005, the company reported a net sales of $3.5 billion.


At 1:19 AM, Blogger Jay Bullock said...

Bemis doesn't offer the right kind of jobs. Duh.


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