Green Bay Packaging has been provided with $60 million in Wisconsin Economic Development Corporation tax credits, over 12 years, to support the company’s plan to build a new paper mill in Green Bay, Wisconsin. The project is expected to create 200 jobs.

The actual amount of state income tax credits the company receives is contingent upon the number of jobs created and retained, and the amount of capital investment the company makes through 2029. As is the case for all WEDC tax credit awards, Green Bay Packaging must first create the jobs and make the capital investments before receiving any credits, state officials explained.

“When deciding the location for our new mill, despite the greater economic and logistical challenges, we felt it was important to maintain our commitment to northeast Wisconsin,” said Bryan Hollenbach, Executive Vice President of Green Bay Packaging. “With this investment from WEDC, we are one step closer to making our new Green Bay mill a reality and cementing our presence in the area for the next generation.”

Green Bay Packaging’s $500 million investment, which also includes expansion of its shipping container division, will be one of the largest economic development projects in state history and the largest ever in Brown County, according to Governor Scott Walker’s Office.

“This project will provide an economic boost to Green Bay, the region and the entire state,” said Mark R. Hogan, Secretary & CEO of WEDC, the state’s lead economic development organization. “WEDC is proud to support this company’s investment in Wisconsin and the many family-supporting jobs it will bring with it.”

Based in Green Bay, the privately held company has manufacturing facilities in 14 states, including 12 facilities in Wisconsin. The company employs nearly 3,600 employees nationwide, with over 1,500 of those in Wisconsin and more than 1,100 in Brown County.