Gov. Evers Attends Ribbon-Cutting at Fincantieri Marinette Marine

Gov. Tony Evers attended a ribbon-cutting celebration at Fincantieri Marinette Marine Thursday for the opening of the new “Building 34”, where pieces constructed in Marinette and in the company’s Sturgeon Bay shipyard will be assembled to create 2 new guided-missile frigates for the US Navy. This new “Building 34” is the largest at the shipyard and it will allow the company to work on 2 of the frigates at the same time in a climate-controlled facility year-round. During the event, Gov. Evers announced his administration will be supporting Marinette Marine’s expansion with up to $12 million in state tax credits through the Wisconsin Economic Development Corporation. Fincantieri Marinette Marine CEO Mark Vandroff comments, “We are very grateful for the support provided by the state of Wisconsin. The investment made by the state and Fincantieri is enabling us to meet the needs of our Navy customer by being able to produce 2 constellation class frigates per year.” Fincantieri also announced plans to invest at least $100 million improving the shipyards of Marinette and Sturgeon Bay creating 400 more jobs over the next 3 years.

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