Friday, November 06, 2009

Governor Doyle Thanks Mercury Marine, Workers and Community for Pulling Together

FOND DU LAC – Governor Jim Doyle today recognized Mercury Marine Inc., its workers and the community for coming together to remain in Fond du Lac and announced the state incentive package. The Governor made the announcement at a press conference held today at the company’s headquarters in Fond du Lac .

“Mercury Marine is an iconic Wisconsin company that has provided jobs and investment for this area for more than 70 years,” Governor Doyle said. “Retaining the company and its nearly 2,000 jobs in these difficult times took hard work and cooperation. I want to recognize the City and County of Fond du Lac and the International Association of Machinists and Aerospace Workers (IAM) for helping us further our partnership with the company.”

Throughout the company’s decision process, Governor Doyle encouraged continuing communication and was instrumental in getting the parties to undertake a second vote on the company’s proposal to the union.

“Governor Doyle was instrumental in the process of developing agreements that enabled Mercury to remain in Wisconsin ,” Mark Schwabero said. “Like many companies, Mercury has faced many difficult challenges during the economic downturn, and the governor’s insight, strength and commitment helped create solutions necessary for Mercury to continue operating in Wisconsin .”

“We are deeply grateful for the support and advice that Governor Doyle provided during the difficult negotiations last summer,” said IAM Midwest Territory General Vice President Philip J. Grubseer. “He provided resolution at a time when many people thought there could be no resolution.”

The state incentive package totals $70 million through a combination of tax credits, grants and forgivable loans.

“Throughout this process, we had a strong, coordinated effort between state and local government and I want to thank Governor Doyle for his leadership,” Fond du Lac County Executive Allen Buechel said. “In the end, we were all able to work effectively together to keep Mercury Marine in Wisconsin .”

The local incentive package includes $3.0 Million from the City of Fond du Lac . These funds will be provided to purchase land owned by Mercury Marine and/or in the form of forgivable loans and grants from the City of Fond du Lac and its agencies.

Up to $50 Million will be available in the form of a low-interest, performance-based, collateralized loans from Fond du Lac County with guarantees provided by both the City of Fond du Lac and Fond du Lac County . The loan proceeds are to be used for new engine development; the relocation of some of the Stillwater Oklahoma manufacturing positions to Fond du Lac ; and a retirement incentive payment to IAM workers.


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