Tax credit fuels job creation at River Falls NELA firm
Commerce Secretary Richard Leinenkugel visited River Falls Jan. 28 to announce $108,000 in economic development tax credits awarded to NELA Ternes Register Group, a company that moved its U.S. headquarters in summer 2009 from Minnesota to the Whitetail Ridge Corporate Park in River Falls.
NELA brought over 62 employees with it and has committed to creating 20 more jobs.
"This announcement is further evidence that Wisconsin has some of the strongest economic development tools in the country," said Governor Jim Doyle in a news release. "I am proud to welcome NELA Ternes Register Group to our state, and we will continue to work hard to make sure companies know that Wisconsin is definitely open for business."
Germany-based NELA is the largest register and plate automation company in the printing industry. Register systems include in-line punching and bending systems for newspaper and commercial printing, plate automation, and plate transportation systems.
The $1.85 million project includes the remodeling of the former 53,000-square-foot Hal's Millwork facility in River Falls to accommodate the company's operations.
The tax-credit announcement coincided with NELA's open-house event and a visit from its German parent company's CEO, Frank Neumeister. He thanked visitors and reiterated NELA's commitment to the community by presenting charitable donations to both the River Falls Relay for Life and the Food Pantry.
NELA offered tours of its remodeled building and refreshments for guests who included city staff, City Council members, people from the St. Croix and River Falls EDCs, area businesspeople, and representatives from the River Falls Chamber of Commerce, UW-River Falls, Chippewa Valley Technical College and Wisconsin Indianhead Technical College.
For details about NELA, visit www.nela-usa.com and check the Feb. 4 print edition of the River Falls Journal.