Industrial revenue bonds
The following projects financed through state industrial revenue bonds have been approved:
Crown Prince Inc., Oak Creek, $2,235,000 — Crown Prince does screen printing and embroidery on t-shirts and sweatshirts for department, sporting goods and specialty stores. The company is moving its production operations from Franklin to an existing 85,000-square-foot building in Oak Creek. The project includes the acquisition and renovation of the Oak Creek facility and the purchase of equipment including additional printing presses. The project will create 198 new jobs at an average wage of $11.19/hour. It will retain 183 jobs. Total project cost is $2.5 million.
SPI Lighting Inc., Mequon, $2.6 million – SPI Lighting specializes in architectural quality, specialty and decorative indirect lighting fixtures for the commercial, institutional and industrial markets. The company has two locations: a state-of-the-art office and assembly facility in Mequon, and a 40,000-square-foot components manufacturing facility in Greenville. The project includes the construction of a 38,350-square-foot addition to the existing 100,000-square-foot manufacturing facility in Mequon to consolidate its operations. The project also includes the purchase of land and equipment. The project will create 30 new jobs at an average wage of $13.06/hour. It will retain 165 jobs. Total project cost is $3.1 million.
