Title
Subject: (Direct Referral) Application of Strategic Manufacturing Partner, LLC (d.b.a. JSA Tool & Mfg., trade name), 5626 21st Street, Racine, Wisconsin for participation in the State of Wisconsin Community Development Zone Program. (Res.09-1202)
In accordance with the procedures adopted by the Common Council as item 29(2) of June 3, 1997, the Racine County Economic Development Corporation and the Department of City Development have reviewed the application of Strategic Manufacturing Partner, LLC.
Recommendation of the Department of City Development on January 15, 2009: That Strategic Manufacturing Partner, LLC (d.b.a. JSA Tool & Mfg., trade name) be recommended for certification as eligible to participate in the Wisconsin Community Development Zone Program and that Strategic Manufacturing Partner, LLC (d.b.a. JSA Tool & Mfg., trade name) be recommended for certification for State of Wisconsin tax credits under the Wisconsin Community Development Zone Program.
Fiscal Note: Participation in the program is tied to increase in employment. The company is anticipating adding 27 jobs over the next 3 years. The assistance is in the form of Wisconsin corporate tax credits. There is no cost to the City of Racine.