Wausau committee approves grant to new business - WAOW - Newsline 9, Wausau News, Weather, Sports

Wausau committee approves grant to new business


A new business could soon find a home in Wausau. Thursday night, Wausau's Economic Development Committee unanimously approved a grant to help make that happen.

The $160,000 grant would come directly out of tax incremental finance area number five. The city can take a certain percentage of tax generated in that zone to develop that geographical area.

With the grant, Southern Stretch Forms is looking to buy the vacant building at 7555 Stewart Avenue.

The company bends building materials like steel and aluminum. If it comes to town, it plans on adding three to four jobs immediately and is hoping to add more down the road.

"This company will not only employ new people at decent paying jobs, but it will also allow subsidiaries, people that use their services to to also grow their employment force," said Romey Wagner, Wausau City Council alderman.

Wagner says there was really no opposition to granting the money, but it still has to go through the Finance Committee and get final approval from the council.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WAOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Chief Engineer Russ Crass at 715-842-2251. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.