State providing industrial revenue bond allocation for Derse

Derse Inc. will receive a $4.175 million industrial revenue bond allocation from the state of Wisconsin.

Derse Inc., which will move from Wauwatosa to a new, 160,000-square-foot facility that is under construction in the Menomonee Valley in Milwaukee, will receive a $4.175 million industrial revenue bond allocation from the state of Wisconsin. Industrial revenue bonds are bonds free of federal tax issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate. "I am pleased to help Derse, Inc. with an expansion project that brings jobs and investment to the area," said Gov. Jim Doyle.

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