The Wisconsin Recycling Market Development Board authorized a $490,000 recycling development initiative for North Wood Plastics Inc., Sheboygan.
Governor Jim Doyle, said, "My Grow Wisconsin initiative calls for investing in the economic growth of area businesses. Today’s award will assist North Wood Plastics, Inc. in its continued growth."
"We are committed to supporting small business development," Department of Commerce (Commerce) Secretary Cory L. Nettles said. "This project will leverage $815,000 in additional investment."
North Wood Plastics, Inc. provides sheet stock to the automotive industry to be used in the manufacture of load floors and other parts. The company uses recycled wood flour from door and window manufactures, sheet stock scrap from customers, and plastic to produce its sheet stock. The company will use its loan to purchase equipment.
Commerce makes awards to companies and organizations committed to manufacturing products made utilizing eligible recovered materials.
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