Dairy processors experience growth with New Markets Tax Credits

When Emmi Roth USA was crowned as 2016 World Champion at the World Championship Cheese Contest for the first time since 1988, the winners included more than the food manufacturer that crafted the new regional specialty cheese. The real beneficiaries were the employees, local dairy farmers and communities that surround the Monroe, Wis.-based cheesemaker.

Expanding opportunities

Roth Grand Cru Surchoix earned Best of Class in the smear ripened hard cheese category, and was named World Champion in a competition that attracted nearly 3,000 entries from 23 countries and 31 states. In fact, Emmi Roth’s Platteville, Wis., operation is said to be the first facility to produce Grand Cru specialty cheeses in the region.

Financing from the federal New Markets Tax Credit program allowed the U.S. subsidiary of Emmi of Switzerland to double the scale of the original plans, expanding to 77,000 square feet, making the $44 million investment the company’s largest in the United States to date... 

 

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