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Mercury Marine seeks county loan for expansion

Mercury Marine seeks county loan for expansion

By Associated Press. CREATED Nov 5, 2013

FOND DU LAC, Wis. (AP) -- Mercury Marine is seeking a $10 million loan from Fond du Lac County to help fund its $30 million expansion.

The boat motor maker has said the expansion will add 300 jobs in the area.

Fond du Lac County Executive Allen Buechel tells The Reporter Media that he's backing the loan request. Buechel says the company is offering good manufacturing jobs to an area with more than 6 percent unemployment.

County supervisors are expected to vote on the request as an amendment to a 2009 loan agreement. The county previously gave the company $50 million in performance-based loans to help encourage consolidation of its operations in the area.

Mercury Marine has doubled its Fond du Lac County workforce since to 2009 and now has more than 3,000 employees there.

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Information from: The Reporter Media, http://www.fdlreporter.com