Lt. Governor Kleefisch and WEDC Announce State Collection Service's Expansion in Beloit
State Collection Service, Inc., a full-service accounts receivable management solutions provider, is embarking on a major expansion in Wisconsin that is expected to create 300 new jobs over the next three years.
The family-owned company, which was founded in Madison in 1949, will invest nearly $5 million to expand and equip its facilities in Beloit, Madison and West Allis to accommodate its continued growth.
The expansion comes as State Collection Service continues to grow its extended business office operations for the healthcare industry, which include self-pay follow-up, payment monitoring, insurance follow-up and other services. Most of the expansion will take place at the company’s Beloit call center; however, jobs also will be added in West Allis and Madison.
“When my father started this company, he never expected it to be more than a 15-or-20 person organization representing local creditors,” said Tom Haag, chairman and CEO of State Collection Service. “He certainly never envisioned State Collection Service having four locations and employing more than 400 hard-working individuals. Being able to continue growing the company brings us great satisfaction and we are thrilled to be able to create 300 more jobs in Wisconsin.”
To help secure the new jobs, the Wisconsin Economic Development Corporation (WEDC) has authorized up to $750,000 in Economic Development Tax Credits for the company over the next three years. The actual amount of tax credits awarded will depend upon the number of jobs created during that time.
“State Collection Service is a true Wisconsin success story and WEDC is pleased to play a key role in the company’s expansion,” said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development organization. “In the last year, our Economic Development Tax Credits have helped more than 60 companies create and retain about 12,000 jobs – and it is gratifying to see another company utilize this program to help grow Wisconsin’s economy.”
About State Collection Service, Inc.
Since 1949, State Collection Service has provided quality collection service to countless healthcare organizations.
Through experience and innovation, State Collection Service has grown to become a tremendously credible and nationally-recognized collection agency offering services from pre-registration to bad debt. It is upon the basis of ethical behavior and a dedication to integrity that each State Collection Service employee works to uphold the company’s vision – Partnerships for a Lifetime.
*This article first appeared in “A State Collection Service, Inc. Newsletter Volume 20, Issue 4, Fourth Quarter 2014”