Last week, the City of Milwaukee was awarded a $1 million state grant for the development of Reed Street Yards, a water technology business park now under construction adjacent to the Global Water Center.
In addition, the Wisconsin Economic Development Corporation (WEDC) has agreed to provide up to $2 million in state tax credits to Rexnord Corp. to support the company’s relocation of its Zurn Industries subsidiary to Reed Street Yards. The relocation is expected to create 120 new jobs.
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