Evers, WEDC announce record planned investments

MADISON, Wis. -- Gov. Tony Evers together with the Wisconsin Economic Development Corporation (WEDC) announced record planned capital investments throughout the state.

Last year, businesses partnering with the Evers administration through WEDC committed to more than $2.4 billion in capital investments in fiscal year, (FY) 2024, the highest since WEDC was created in 2011.

"Whether it's the expansion of businesses like Kikkoman Foods and Nestle Purina in Jefferson or Rosewood Dairy's new state-of-the-art cheese plant in Clay Banks, now is an incredibly exciting time for business growth in Wisconsin," said Gov. Evers.

Last week, Evers together with DWD announced Wisconsin achieved record highs for employment and total nonfarm jobs during June, 2024.

"I've been saying that Wisconsin is having a moment--as the world focuses on the 2025 NFL Draft in Green Bay, the Wisconsin season of Top Chef and other exciting events we're attracting to our state," said WEDC Secretary and CEO Missy Hughes.

WEDC authorized more than $62 million in performance-based tax credits to generate over $2.4 million in capital investments. The projects are expected to create a total of 5,000 jobs in Wisconsin.

Evers and WEDC also created the $100 million Wisconsin Investment Fund, the largest public-private investment partnership in state history to assist start-ups in Wisconsin.

WEDC assisted 131 communities through its Main Street and Connect Communities programs and provided more than $33 million and other funding through its Business and Community Development Division to support workforce housing, child care, and downtown redevelopment projects in FY24.

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