Photo Credit - Tina Prigge Vagabond Creative Studio
Wisconsin Aluminum Foundry in Manitowoc has announced that they have received a major boost in helping finance their expansion project.
Cinnaire, a nonprofit community development financial organization with numerous offices around the Midwest, awarded WAF an $11 million New Markets Tax Credit Investment.
WAF explains that this money will allow the Manitowoc-based manufacturer to expand with more manufacturing and office square footage.
WAF CEO Sachin Shivaram responded to the news by saying “NMTCs will play a huge role in helping us continue to be the type of employer that our community has relied on: One that offers high-quality employment and goes the extra mile to help make these great jobs accessible to low-income individuals.”
The expansion project is partially underway right now, with the industrial component set to be completed in March.
After that, the office remodel is expected to be done by this time next year.
