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Mercury Loan Fails To Get Enough Votes From The FDL County Board

05-Nov-2013
In a pair of votes tonight the Fond du Lac County Board approved a resolution to amend an agreement with Mercury Marine to loan the company $10 million for an expansion project then failed to pass the resolution for the actual loan. Both votes were 17 in favor, 7 opposed and 1 abstention. But the board needed 19 votes in favor for the actual loan. Mercury Chief Financial Officer Steve Cramer says tomorrow is another day and the company still plans to do the $30 million project, but it will take more time to set up. The project is expected to create up to 300 new jobs. County Executive Al Buechel says he's disappointed with the board's vote. He says some supervisors felt Mercury was going to the well once to often referring to the $50 million loan that Mercury got in 2009 from the County as part of an incentive package to keep the company from moving to Stillwater, Oklahoma. He says two weeks ago the board approved a $6 million loan to Alliance Laundry Systems in Ripon for an expansion project.  The new loan to Mercury would have been paid off by the end of 2021 the same year the company has to pay off the $50 million loan. Mercury had a little over 1,500 employees when the County approved the loan in 2009. Today it has 3,033 workers. 
Comments 16
Anonymous commented on 05-Nov-2013 08:47 PM3 out of 5 stars
I think its time to contact the 7 supervisors who voted against it and see how many jobs they are bringing to the county! You are supposed to represent the citizens, not your personal agenda!
S Walker commented on 06-Nov-2013 06:54 AM5 out of 5 stars
Well, they DID represent THIS citizen. Thanks board members!!
Anonymous commented on 06-Nov-2013 07:26 AM3 out of 5 stars
thank you 7 supervisors for voting against. they will eventually hire more anyhow at a wage barely over minimum wage after taxes, most of whom are crack smoking,enemployable people with no work ethic and attendance issues. there are only a little over 100 shop people who earn a liveable wage after 2009 anyhow.i could use a no interest loan. need a new car to get to my low paying job.
anonymous commented on 06-Nov-2013 08:30 AM3 out of 5 stars
Mercury created 1500 new jobs on the last loan. Kept their promise I would say. Wonder what part of growth and prosperity that board is opposed to. After all, it is just a low interest loan and not a gift. Maybe they just don't like the people that Mercury is hiring dirtying up their clean community.
Anonymous commented on 06-Nov-2013 08:44 AM3 out of 5 stars
Could you publish the names of the supervisors which did not vote in favor of this loan? As a registered voter, with children graduating form schools, I want to make sure to vote against supervisors whom are hindering job growth.
Anonymous commented on 06-Nov-2013 09:28 AM3 out of 5 stars
Fond du Lac has already poured how many millions into Mercury Marine?

If they can't receive financial help in a conventional way, then why should the citizens of Fond du Lac County continue to support them?

We applaud the 7 supervisors who voted NO - their constituents no doubt contacted them to vote against this.
Anonymous commented on 06-Nov-2013 09:53 AM3 out of 5 stars
Just how much welfare does Mercury need to some of you people? It's just more big bonuses for the useless executives while the employees are given starvation wages. If they need this so bad, why don't they go to King walker, the giver to big corporations?
Anonymous commented on 06-Nov-2013 12:12 PM3 out of 5 stars
I bet 17 people loose their jobs in the next election...... It's time FDL county Politicians start looking out for the TAX PAYER! Or get out of office! We don't have any money left to give!!! Just look at all the "For Sale" signs in front yards... The TAX PAYER is too big to fail you crooks!
Anonymous commented on 06-Nov-2013 03:23 PM3 out of 5 stars
maybe some off the big shots at merc should use their own money instead of borrowing ours
Anonymous commented on 06-Nov-2013 09:26 PM3 out of 5 stars
I'm certain there are banks that will gladly loan Merc money. No more from the taxpayers though!
Anonymous commented on 07-Nov-2013 04:16 AM3 out of 5 stars
I say hooray for the 7 who voted against this. If you would see how Mercury Management wastes money, maybe you'd change your mind. They don't need a loan. What they need, is someone who knows how to run a business like it's suppose to be run...
Anonymous commented on 07-Nov-2013 09:20 AM3 out of 5 stars
kudos to the 7 who voted against!! the new corporate America has got to go. the rich get richer while they break our unions and rob from the little guy. old school employees are a dying breed anyhow. most of today's youth spends more time playing on their phones than working. total lack of regard for work and safety rules as well. supervisors who haven't worked a day in their life. missing and wrong parts on engines, playing on phones while driving forklifts. for real merc!! clean up your shop and create a productive and safe environment.
Anonymous commented on 07-Nov-2013 03:20 PM3 out of 5 stars
just read merc had 2 BILLION dollars NET profit last year and they want to borrow more? lol ty to the 7 memebers that think enough is enough already, besides , those jobs don't pay what the older workers made there, and the health insurance is VERY expensive.
Anonymous commented on 07-Nov-2013 04:15 PM3 out of 5 stars
I have a difficult time understanding the hatred shown by people towards Mercury Marine. There is no hook that comes through town every day and drags these people there to work. If they don't like Mercury, why don't they just go work somewhere else? Good Luck, Mercury. Hope you do well.
Anonymous commented on 08-Nov-2013 01:28 PM3 out of 5 stars
mercury is alive and thriving in a still shaky economy. I happen to love what I do there but like millions across the country, paycheck to paycheck is tough!! instead of low interest loans, how about corporate tax breaks for employers who offer better than poverty level wages?
Anonymous commented on 08-Nov-2013 05:02 PM3 out of 5 stars
hatred?? really??!! it's called the truth and that must really offend you. do you know what the big shots there make? I bet not!!!

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