First New Law of the Year to Aid Oostburg Cheese Plant
Wisconsin Ag Connection - 02/17/2017
The very first bill signed into law by Gov. Scott Walker this year will help subsidize construction of a new cheese plant for Masters Gallery Foods in Oostburg. On Thursday, the governor signed Senate Bill 1, which allows the village to create a new TIF district
to help the facility expand operations and add new jobs in the area.
"This bill is good news for the Oostburg community and our state," Walker said. "With this new TIF district, we are helping Masters Gallery Foods create 120 new jobs within the next three years and a new multimillion dollar facility."
As part of current law, the creation of TIF districts is not allowed if more than 12 percent of the total taxable property value of a local governing unit is part of the district. The new measure increases the total to 15 percent as a special exception for the village.
The $30 million expansion project will help grow the company's packaging and distribution efforts in order to sell more cheese.