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News & Press: WEDC Corner

September 2017

Tuesday, September 19, 2017   (0 Comments)
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HARIBO Reaches Incentive Agreement with State for New Manufacturing Complex in Kenosha County

An incentive agreement has been reached between the state and HARIBO that formalizes the company’s plans to establish a manufacturing complex in Wisconsin.

The Germany-based confectionary company and maker of the popular “GOLDBEAR” gummy candies has selected Pleasant Prairie as the site of its first manufacturing facility in North America. The 500,000-square-foot facility is expected to employ about 400 workers.

“Wisconsin is open for business and prominent companies from across the world are paying attention,” said Governor Scott Walker. “HARIBO’s decision to locate right here in Wisconsin as its first manufacturing facility in North America is further evidence that our reforms are working and will help provide hundreds of family-supporting jobs in Wisconsin.” 

WEDC is supporting the project by awarding HARIBO up to $21 million in performance-based state income tax credits through 2028. The company can earn the tax credits based upon the number of jobs created; the amount of capital investment it makes; the amount it spends on purchasing equipment, goods and services from Wisconsin companies; and the amount to be spent on employee training.

 

Generac Power Systems to Expand Operations in Wisconsin

Generac Power Systems Inc., a leading manufacturer of power generation and engine-powered products, and WEDC have announced that a WEDC award of up to $10 million in Enterprise Zone Tax Credits through 2021 will support the company’s growth plans at its Waukesha-based global corporate headquarters and manufacturing facilities throughout Wisconsin. The project is expected to create at least 400 jobs over the next five years.           

Generac plans to invest more than $73 million in building renovations and equipment in a growth plan that will encompass its facilities in Waukesha, Oshkosh, Jefferson, Eagle, Whitewater and Berlin. The plan calls for the expansion of Generac’s corporate headquarters, research and development, and production operations in Wisconsin.

“As we’ve grown and added facilities throughout Wisconsin, it became clear that we needed to invest in a cutting-edge space at our corporate headquarters allowing us to dramatically advance our key product development and engineering activities,” said Aaron Jagdfeld, president and CEO of Generac. “We’ve been on our current campus since 1965, but a lot has changed since then. This project will help us realize efficiencies at our headquarters facility that will drive continued innovation.”

Jagdfeld added that particular emphasis would be placed on advanced research and development capabilities, including the addition of equipment and technologies to enable faster prototyping and testing of products in-house. “These investments will allow us to quicken the pace of our product development cycles, which is critical to remaining at the forefront of the industries we serve.”

 

The actual amount of state tax credits awarded to Generac by WEDC will be contingent upon the number of new jobs created, the level of capital investment the company makes and the amount spent on employee training. Generac plans to make significant investments to train its workers on the new equipment it will be installing.

 

 

Statewide Online Tool Assists Wisconsin Companies Seeking to do Business with Foxconn

Wisconsin companies looking for potential business opportunities with Foxconn now have a quick and easy online tool to connect with the electronics manufacturer, which is making a historic investment in Wisconsin.

“Not only is Foxconn bringing 13,000 jobs to Wisconsin, but the company plans to purchase more than $5 billion from Wisconsin companies during the construction phase of the project as well as another $1.4 billion from the state annually once the campus is operational,” Governor Walker said. “Foxconn’s transformational investment will provide great opportunities for companies in every region of the state, and the online Supply Chain Marketplace will make it easier for those businesses to connect with Foxconn.”

The Supply Chain Marketplace allows companies to find new customers and reach new markets by highlighting their capabilities and by making connections. The online tool is free, and all Wisconsin businesses are eligible to create a profile at WISupplyChainMarketplace.com.

Once a company creates a profile, it will be added into the appropriate directories by clicking a box. In addition to directories for specific industries, there is a new supply-chain directory tailored specifically to Foxconn.

Foxconn estimates it will purchase goods and services from at least 150 state companies. This one-stop-shop will provide Wisconsin companies with an easy way to make sure they are on Foxconn’s radar screen. The Supply Chain Marketplace is also a way to connect with companies like Haribo and Generac, which have recently announced multimillion-dollar expansions in the state.

 

Dynamic Recycling Plans Another Expansion in Western Wisconsin

Dynamic Recycling, Inc., a national electronics re-marketing, recycling, and scrap purchasing and logistics company, is expanding its operations in La Crosse County – a $20 million project expected to create around 150 new jobs.

The expansion plans come less than three years after Dynamic Recycling relocated to Onalaska because it had outgrown its old facility in La Crosse. This marks the company’s fifth expansion since it was founded in 2007.

The 140,000-square-foot facility will include additional manufacturing, warehouse and office space. The project also includes new equipment and solar efficiency improvements. Construction started in May and is expected to be complete by June 2018.

To ensure that Dynamic Recycling expands in Wisconsin, WEDC has authorized the company to receive up to $535,000 in state income tax credits over the next four years. The actual amount of tax credits received will be contingent upon the number of jobs created and the amount of capital investment the company makes during that time.

 

Kage Innovation Relocating Operations to Polk County

Kage Innovation LLC, inventor and manufacturer of custom snow removal and lawn care equipment, is relocating its operations from Minnesota to northwestern Wisconsin.

Founded in 2006 Kage Innovation develops new equipment technology for snow removal operators, landscaping contractors and other grounds managers. It is moving from Oak Park Heights, Minn., to Polk County where it recently broke ground on a 26,400-square-foot facility in the Osceola Airport Industrial Park.

In addition to 22 employees who will relocate to Wisconsin, the company expects to create seven new full-time jobs over the next two years.

“Kage Innovation needed a manufacturing-friendly environment that would allow us to establish roots and help support our future expansion,” said Mike Stephan, president of Kage Innovation. “We found Osceola fit those requirements and so much more. I think that the Osceola community will continue to grow and become a leader for manufacturing resources, as well as be the benchmark for a very high quality of life.”

To support the company’s relocation, WEDC has authorized Kage Innovation to receive up to $200,000 in state tax credits over the next three years. The actual amount of credits the company will receive is contingent upon the number of jobs created and the company’s level of capital investment over that time.


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