THURSDAY 12/13/2018 2:15 p.m.
LIVESTREAM: Governor Scott Walker, State Sen. Roger Roth, and Kimberly-Clark Vice President and Deputy General Counsel Colin Smyser discuss keeping the Kimberly-Clark Cold Spring plant open.
CONFIRMED: K-C and WEDC have agreed to a five-year agreement, providing the company with “up to $28 million in tax incentives.” pic.twitter.com/VgccMrBXdX— Erinn Taylor (@ErinnKTaylor) December 13, 2018
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THURSDAY 12/13/2018 12:30 p.m.
In a phone call with Local 5, State Senator Dave Hansen’s office (D-Green Bay) confirmed approximately $25 Million in state money will be used to keep the Kimberly-Clark Cold Spring plant open.
The state aid money will distributed over five years.
The agreement avoids the need to pass a bill through state legislation as funding will come from the Wisconsin Economic Development Corporation (WEDC).
Senator Hansen is in support of this decision because it avoids setting a precedent, saves jobs, and protects tax payers.
More information on how the decision came to be will be discussed during a news conference at 1:45.
THURSDAY 12/13/2018 10:19 a.m.
Governor Scott Walker, State Sen. Roger Roth, and Kimberly-Clark Vice President and Deputy General Counsel Colin Smyser will make a major economic development announcement Thursday afternoon regarding the future of Kimberly-Clark in the Fox Valley.
The announcement is set for 1:45 p.m. at the Kimberly-Clark Neenah Cold Spring Facility.
Local 5 will continue to update you on-air and online with more information about this announcement as soon as we learn more.