Fraser Industries to secure $40M in financing for shipyard expansion in Superior

By WPR (Danielle Kaeding

“…The Superior City Council recently approved a resolution supporting the company’s plans to seek bonds through the Public Finance Authority. The governmental body issues tax-exempt financing on behalf of local governments in Wisconsin and throughout the nation.”

“Patrick Kelly, chief executive officer of Fraser Industries, said the funding would be used to invest in new tools, cranes and expanded production facilities at its shipyard.”

“”This funding will really help us accelerate delivery and get more boats out the door and creates a lot of job opportunities and a lot of job security for everybody at the yard,” Kelly told WPR…”

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