Wisconsin Gives Manitowoc Cranes $1 Million Expansion Tax Credit

September 28, 2010

Wisconsin Governor Jim Doyle has announced that the State of Wisconsin is providing $1.02 million in Enterprise Development Zone tax credits to Manitowoc Cranes to help with a $25-million expansion that is creating 157 jobs at the company’s plants in Manitowoc and Port Washington, WI.

The company is expanding its facilities and workforce to meet strong worldwide demand for the large, high-capacity lattice-boom crawler cranes manufactured at the two plants.

The tax credits for Manitowoc Crane Group are part of the State of Wisconsin’s program to improve the worldwide competitiveness of the state’s manufacturing sector by investing in what it calls the Next Generation of Manufacturing, which focuses on efficiency and lean manufacturing principles.

Governor Doyle’s plan targets $85 million in tax credits to leverage $1.6 billion in private capital investment, thereby creating 5,000 new jobs and training more than 4,000 workers for the manufacturing jobs of tomorrow.