- Wisconsin Department of Commerce Newsletter

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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