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Governor Doyle Announces $500,000 in Tax Credits to Pacon Corp. to Create Jobs

For Immediate Release: January 14, 2010
Contact: Tony Hozeny, Department of Commerce, 608-267-9661
Laura Smith, Office of the Governor, 608-261-2162

Outagamie County Company Will Create 80 jobs

MADISON - Governor Jim Doyle announced today that Pacon Corporation in Outagamie County will receive $500,000 in tax credits for an expansion project that will create 80 jobs in the community. The funding announcement builds on Governor Doyle's efforts to Grow Wisconsin and create and preserve family-supporting jobs.

"Strengthening Wisconsin's economy has always been a top priority of my Administration," Governor Doyle said. "Through my Grow Wisconsin plans, we've focused on spurring innovation, leveraging investment, and creating jobs. To ensure a strong future for the state, we will continue to support companies like Pacon Corporation that are committed to providing jobs for hardworking Wisconsin families."

Since taking office in 2003, Governor Doyle has worked aggressively to create and retain jobs in Wisconsin. Under Governor Doyle's leadership, Wisconsin has gained some of the most powerful economic development tools in the country. The budget Governor Doyle signed earlier this year made unprecedented investments in Wisconsin businesses, including powerful new tax credits designed to keep and add jobs. The budget also offered companies major new incentives to spur research and development and gave investors new tools to promote start-ups and new companies. The Governor's efforts have strengthened a continuous drive to modernize and grow all segments of Wisconsin's economy.

Established in 1951, Pacon Corporation supplies school papers and educational aids to early education providers. It markets its products through catalogs, bid houses and retail outlets. Based in Appleton, the company has discontinued a Mount Pleasant, Iowa operation and consolidated that operation in Neenah. The project is expected to create 80 jobs and represent $2 million in total investment.

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