Telegraph Herald
Jan 24, 2024 Updated Feb 27, 2025
DICKEYVILLE, Wis. — A Dubuque-based manufacturer has been awarded nearly $6 million in tax credits to assist with the construction of a new foundry in southwest Wisconsin.
The Wisconsin Economic Development Corp. board of directors on Tuesday approved awarding A.Y. McDonald Mfg. Co. up to $5.85 million in performance-based tax credits, a press release states.
The tax credits will go toward A.Y. McDonald’s ongoing project to build a 360,000-square-foot brass foundry in Dickeyville. A.Y. McDonald plans to invest “at least $340 million in Kieler and Dickeyville and create 173 high-paying jobs over the next five years,” the press release states.
“This new foundry project not only demonstrates a commitment to our industry but more importantly, a commitment to our people,” A.Y. McDonald CEO Rob McDonald said in the release. “We made the commitment early on to build our next foundry where our current foundry co-workers live, and that is right here in the tri-state area.”
The release states that the Wisconsin Economic Development Corp. board approved and submitted to the Wisconsin State Legislature Joint Committee on Finance for review a plan by which A.Y. McDonald is eligible for performance-based enterprise zone tax credits “if it creates a specific number of new jobs and meets the investment criteria.” The committee has 14 days to review the creation of a new enterprise zone, and one automatically will be created unless the committee takes action.