The Wisconsin Economic Development Corporation (WEDC) agreed to provide ND Paper with $1.7 million in tax credits over three years to support the company’s expansion at its Biron division in Wisconsin Rapdis — a project expected to create 27 new jobs.
ND Paper, a U.S. subsidiary of China-based Nine Dragons Paper, is planning several major projects, including the conversion of the B25 paper machine from white papers to container board products, construction of a two-line greenfield recycled pulp facility and the construction of a water treatment and fiber recovery plant.
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 2022.
As is the case for all WEDC tax credits, ND Paper must first create the jobs and make the capital investment before receiving any cred-its.
In addition to the 27 jobs expected to be created by ND Paper, an economic modeling study estimates the project could indirectly generate 31 additional jobs in the region.