I am the mayor of the city of Franklin, Wisconsin.
We are extremely excited that thanks to you, Baptista’s Bakery LLC is expanding here in Franklin with 125 new jobs and $7.8 million in capital investments.
Because of the financing provided by the Wisconsin Economic Development Corp. (WEDC) Baptista’s will now be able to invest in building renovations, machinery and equipment. Those improvements will serve as part of the expansion currently underway at the Franklin Business Park that is invaluable to the future growth of Franklin.
You are to be commended for recognizing that over the last five years Baptista’s has demonstrated a pattern of success. The company as you know in making your decision has doubled employment and invested more than $100 million at their Franklin facility.
We thank the WEDC for authorizing up to $300,000 in state income tax credits over the next three years to support Baptista’s expansion.
As mayor of Franklin I can tell you the entire city is grateful that we not only will create 125 jobs but the expansion you made possible is expected to indirectly generate 122 additional jobs in the Franklin area. Add it all up and the 247 new jobs could generate up to $2.5 million in state income tax revenue over a five-year period.
Thank you, state of Wisconsin. Your demonstration of confidence in this outstanding Franklin business is greatly appreciated.
City of Franklin