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MADISON Two technology companies have received a total of $195,500 in tax credits from the Department of Commerce. Gov. Jim Doyle announced last Friday that Standard Imaging, Inc.
, Middleton, will receive $120,000 in Technology Zone tax credits and Tushaus Computer Services, Inc.
, Milwaukee, will receive $75,500.
The Technology Zone is a part of Doyles Grow Wisconsin initiative and is designed to provide incentives for high-tech growth in manufacturing, printing and information and medical technology clusters, among others. The Metropolitan Milwaukee Technology Zone, which includes Tushaus Computer Services, includes Milwaukee, Ozaukee, Washington and Waukesha counties. The Capital Ideas Technology Zone, which includes Standard Imaging Inc., encompasses the counties of Dane, Jefferson and Rock.
Standard Imaging designs, manufactures and distributes radiation calibration and other testing instruments used in supporting activities for radiation cancer therapy, cardiology, radiology, medical imaging and biomedical equipment calibration. It will invest $965,000 to expand its business and purchase additional equipment. This project will create seven new positions and retain approximately 28 positions.
The receipt of the tax benefit will help Standard Imaging, Inc. remain a leader in the field of radiation calibration and quality assurance instruments for health care, and more effectively compete in the international market, said Ed Neumueller, president of Standard Imaging, Inc.
Tushaus Computer Services, Inc., is a business-to-business computer services company that offers software development, networking, training and technical support. It is investing $642,762 in new equipment to upgrade its data center. The project will retain 45 positions. It will create three positions at an average wage of $28.85/hour.
Milwaukee County and the Southeast Regional Economic Partnership are excited about the opportunity to assist Tushaus Computer Services with its expansion project, said John R. Meland, Chief Economic Development Planner for the Southeastern Wisconsin Regional Planning Commission. The information technology industry is a critical and growing segment of the Southeastern Wisconsin economy and companies like Tushaus represent the future of the IT industry.