J.B. Kenehan, LLC, of Waukesha, has received an Industrial Revenue Bond allocation totaling $3.4 million for a project that will create 36 jobs. The company is a commercial printer offering a full line of printing, finishing, mailing, and distribution services. It is purchasing a new web press for their facility. The total project cost is $4.675 million.
"The Industrial Revenue Bond Program has saved our company tens of thousands of dollars while allowing us to purchase state-of-the-art equipment," said Jay Kenehan, President of J.B. Kenehan, LLC. "We have gone from less than 20 employees in 2000 to nearly 100 today. We thank Governor Doyle and the Department of Commerce for working with us and helping ensure the process from application to allocation went smoothly."
The Industrial Revenue Bond Program helps Wisconsin work in partnership with communities to strengthen their manufacturing base and promote and retain job creation and investment. The bonds are free of federal tax, issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate.
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