Wisconsin Department of Commerce Newsletter
June 2006
Industrial Revenue Bond to Help Trimen Industries Inc. Expand, Create Jobs

Governor Jim Doyle recently announced that Trimen Industries, Inc. of Belgium will receive an Industrial Revenue Bond allocation of $3 million for an expansion project that will create 20 jobs and retain 30 jobs in Ozaukee County.

Mike Watry, President, Charlene Watry, Trimen VP, Governor Jim Doyle and Don Schommer, Village of Belgium President.
Mike and Charlene Watry, president and vice president of Trimen Industries, Inc. respectively, Governor Jim Doyle and Don Schommer, Village of Belgium president at the award presentation ceremony.

"Manufacturing is, and will continue to be, at the heart of Wisconsin's economy," Governor Doyle said. "And with technology, training, trade promotion, and new investment, we are working to innovate and modernize Wisconsin manufacturing. I'm pleased we could provide Trimen Industries with $3 million to create new jobs and investment in Ozaukee County."

Founded in 1993 by Mike and Charlene Watry, Trimen Industries, Inc., is a custom machining, industrial painting and finishing contractor. It is constructing and equipping a 22,000-sq.-ft. addition to its facility. The project represents $3.2 million in total investment.

"The Industrial Revenue Bond will be a great help in securing our future growth," said Mike Watry, President of Trimen Industries, Inc. "This type of financing allows Trimen Industries, Inc. to react to existing business opportunities by enlarging our building and purchasing more equipment."

The Industrial Revenue Bond Program helps the state work in partnership with communities to strengthen their manufacturing base and promote and retain job creation and investment. The bonds are free of federal tax, issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate. For further information on the Industrial Revenue Bond Program, contact John Sticker, 608/261-7710.

-- Tony Hozeny

The newsletter is issued electronically every other month.

Please send comments or questions to Barbro McGinn, editor.

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