Green Bay Packaging Plans Green Bay, Wisconsin, Paper Mill With State Incentives

Green Bay Packaging has been provided with $60 million in Wisconsin Economic Development Corporation tax credits, over 12 years, to support the company’s plan to build a new paper mill in Green Bay, Wisconsin. The project is expected to create 200 jobs.

The actual amount of state income tax credits the company receives is contingent upon the number of jobs created and retained, and the amount of capital investment the company makes through 2029. As is the case for all WEDC tax credit awards, Green Bay Packaging must first create the jobs and make the capital investments before receiving any credits, state officials explained...   ...more

Ken Notes: I like this one but I am not sure the numbers add up. My guess is that the 60 Million includes TIF funds which come from property tax credits not WEDC or the state. If just based on jobs and income tax credits it would be $ 300,000 per employee. It is still 300K per employee but with a $500 million dollar plant to cover the nut. My guess is more like 50 Million plus in local property tax credits and the rest in income tax credits.