On July 18, 2013, Governor Scott Walker of Wisconsin signed a law authorizing the state’s first venture capital investment program at MCT, Inc. in Milwaukee.
The unique partnership between Milwaukee based MCT, Inc. and UK based manufacturer Blackman White has taken a new turn with MCT beginning to manufacture and perform complete assembly and test in Wisconsin. With this in mind, Governor Scott Walker chose MCT as the location to sign into law (surrounded by state representatives and senators) the State’s first venture capital investment program. MCT is receiving funding for this activity through a Milwaukee Venture Capital Fund that will be getting additional funding from this new state endeavor and from the Milwaukee Economic Development Corporation.
Started in 2011 and profitable for its initial two years, MCT has already sold and installed a number of machines of the type that will be manufactured in the USA from this point on. The first such USA manufactured systems will be delivered from SGIA 2013 on. MCT has moved in this direction because of its rapid growth and the growth of market needs for both textile and traditional graphics. It needed to manufacture nearer to its market in order to keep pace with the growth in these cutting and finishing needs allowing for shorter delivery times and closer cooperation with key component manufacturers who are U.S. based. This will also allow MCT to become fully immersed in the Blackman & White designs so that it can better support its growing customer base.