Wisconsin Department of Commerce Newsletter
January 2004
PFED Program Funds Infrastructure Improvements
The Public Facilities for Economic Development (PFED) Program provides funding for public infrastructure, i.e. water mains, sanitary sewer mains, storm sewers, street construction and replacement, and water towers, that will directly benefit a business expansion, startup or retention in a Wisconsin community. Emphasis is on jobs that pay high wages for the area, offer benefits, and will result in substantial private investment in the community.

 

COMMUNITY

BUSINESS

PROJECT COST

LEVERAGE

CDBG-PFED AWARD

JOBS CREATED/ RETAINED

Nekoosa, City

Northern Lights Food

$273,950

$73,950

$200,000

75

Curtiss, Village

Village Wastewater

$1,060,220

$310,220

$750,000

105

Menomonie, City

Storm water & street improvements to assist Ford Motor expansion

$750,000

$450,000

$300,000

57

TOTALS

$2,084,170

$834,170

$1,250,000

624

During the semi-annual reporting period ending June 30, 2003, Commerce made three PFED awards totaling $1,250,000, which supported economic development projects totaling $2,084,170. These awards leveraged $834,170 in private funds and created/retained 237 jobs. (See chart.)

Contact your local Area Development Manager to discuss a potential project and to receive application materials.

--Dan Ramsey

The newsletter is issued electronically every other month.

Please send comments or questions to Barbro McGinn, editor.

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