UPDATE: Governor Scott Walker called for providing additional tax credits to the Kimberly-Clark Corp. to ensure the company retains its two facilities in Neenah and Fox Crossing.
The governor said he would work with the Legislature to approve an increase in the tax credits available for job retention from 7 percent in current law to 17 percent – the same percentage used to attract Foxconn’s historic investment in Wisconsin.
“The paper industry is vital to Wisconsin’s economy. The State of Wisconsin has been working closely with our local and regional economic development partners to get a better understanding of Kimberly-Clark’s decision and make a strong case for the company to retain its operations in the Fox Valley,” Governor Walker said. “Retaining outstanding Wisconsin companies like Kimberly-Clark is just as important as attracting new companies to our state, which is why I’m proposing we offer larger tax credits to ensure the company keeps those 600 jobs where they belong – in Wisconsin.”
Under current law, the Wisconsin Economic Development Corporation (WEDC) is allowed to offer job retention credits of up to 7 percent of a company’s payroll under its Enterprise Zone Program. Special legislation approved last year created a new WEDC program that raised that figure to 17 percent as part of the incentives for Foxconn. Governor Walker is proposing similar action be taken for Kimberly-Clark.
Wisconsin (WQOW) - Governor Scott Walker is offering Kimberly-Clark "the same deal for jobs as Foxconn" to stop the consumer products giant founded in Wisconsin from cutting 600 jobs.
Walker made the comment on Twitter Monday without providing any additional details. The Wisconsin Economic Development Corporation said in a tweet it is working with Walker and partners in the Fox Valley "to make a strong case for why Kimberly-Clark should maintain operations" and not close two plants.
The Dallas-based Kimberly-Clark announced last week that it planned to close manufacturing facilities in Neenah and nearby Fox Crossing, resulting in 600 job cuts. Kimberly-Clark makes Kleenex tissue and Huggies diapers.
Walker approved a state incentive package for Foxconn that ties nearly $3 billion from the state if the Taiwanese company creates 13,000 jobs and invests $10 billion.
To keep 600 jobs here in Wisconsin, I asked the Wisconsin Economic Development Corporation to offer Kimberly Clark the same deal for jobs as Foxconn. @WEDCNews— Governor Walker (@GovWalker) February 5, 2018