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You are here: Home / Business / Nekoosa lawmaker asks for 50 million dollar loan for restarting idled papermill in Wisconsin Rapids

Nekoosa lawmaker asks for 50 million dollar loan for restarting idled papermill in Wisconsin Rapids

June 2, 2021 By Raymond Neupert

A bill authored by Representative Scott Krug of Nekoosa which calls for W E D C to issue a fifty million dollar loan to the co-op looking to buy the idled Verso paper mill will get a hearing Wednesday in Madison.

Krug says the plant was a vital part of business and industry in the Northwoods. 

“I honestly get more emails and phone calls from people in the Northwoods than people from Wisconsin Rapids because that’s how much of an impact this has on the upper 2/3 of the state of Wisconsin.”

Others who have signaled their support for the bill include Republicans Patrick Testin, Pat Snyder, Jim Edming, and John Spiros. 

Krug says he’s proposed the single bill to take politics out of the project, especially after Governor Evers’ comments about possibly vetoing the entire state budget:

“I don’t want Politics on this. I just want a clean bill, a yes or no vote. A day for Wisconsin Rapids to be heard in the Assembly. A day for Wisconsin Rapids to be heard in the Senate. A day for the Wisconsin Rapids area to be heard by the Governor.”

It’s unclear if the governor would sign the bill. 

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Filed Under: Business, Legislature, News, Politics / Govt



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