FOR IMMEDIATE RELEASE |
December 26,2017 |
Contact: Tom Evenson, (608) 266-2839 |
Foxconn, Kwik Trip, Haribo Top List of Wisconsin’s 2017 Economic Development Projects |
WEDC-supported projects expected to create, retain nearly 30,000 jobs across Wisconsin |
MADISON – Governor Scott Walker today announced that the Wisconsin Economic Development Corporation (WEDC) had a record year for economic development in 2017 with 59 companies from Wisconsin and around the world agreeing to locate to or expand in Wisconsin. These projects are expected to create or retain nearly 30,000 jobs and result in more than $11.6 billion in capital investment across the state.“When it comes to economic development, 2017 has been a historic year for Wisconsin as global companies such as Foxconn, Haribo and Nestle decided to establish operations in our great state after looking at many other options around the country,” Governor Walker said. “At the same time, many of Wisconsin’s major employers – including Kwik Trip, Generac, Mills Fleet Farm and Johnsonville – announced major expansion plans this year because of our dedicated workforce and the strong pro-business climate we’ve created.”
Not surprisingly, topping the list of projects is Foxconn’s Technology Group’s historic investment in Racine County – a project expected to create up to 13,000 good-paying, family-supporting jobs and generate up to $10 billion in capital investment. WEDC has agreed to provide Foxconn with up to $2.85 billion in tax credits for what is the largest economic development project in Wisconsin history and one of the largest ever in the United States. The second-largest project of 2017 is Kwik Trip Inc.’s $309 million expansion project in La Crosse that will enable the growing company to meet its current and future capacity needs. The project is expected to create more than 300 new jobs. Rounding out the top three projects of the year is Haribo’s planned $220 million manufacturing facility in Kenosha County, a project expected to create 385 jobs. WEDC has awarded Haribo up to $21 million in tax credits for the project, which will be the German candy-maker’s first manufacturing facility in North America. “Each of these companies plays a significant role in continuing to grow the state’s economy by creating family-supporting jobs and investing in Wisconsin,” said Mark R. Hogan, secretary and CEO of WEDC, the state’s lead economic development organization. “2017 was a successful year for WEDC as we assisted more than 300 businesses and communities as part of our mission to advance and maximize opportunities to help them thrive in a globally competitive environment.” The list is based on all corporate expansion and attraction projects in which contracts between WEDC and the company were executed in 2017. The job projections, estimated project costs and the award amounts from WEDC are based on the requirements set forth in each contract. All WEDC tax credits are performance-based and the amount of credits a company receives is contingent upon the actual numbers of jobs created. |
2017 Wisconsin economic development projects
Rank | Company | Location | County | Est. total project cost | Type of project | Estimated job impact | WEDC investment |
1 | Foxconn Technology Group | Mount Pleasant | Racine | $10.02 billion | New advanced manufacturing campus | Create 13,000 jobs | $2.85 billion in tax credits |
2 | Kwik Trip Inc. | La Crosse | La Crosse | $309 million | Expansion | Create 329 jobs | $21 million in tax credits |
3 | Haribo of America | Pleasant Prairie | Kenosha | $220 million | New manufacturing facility | Create 385 jobs | $21 million in tax credits |
4 | Epicentre Technologies Corp. | Madison | Dane | $148.4 million | Expansion | Create 20 jobs; retain 114 jobs | $750,000 in tax credits |
5 | Saputo Cheese USA | Almena | Barron | $89.5 million | Expansion | Create 92 jobs; retain 105 jobs | $3 million in tax credits |
6 | Generac Power Systems Inc. | Statewide | $86.8 million | Expansion | Create 400 jobs; retain 1,999 jobs | $10 million in tax credits | |
7 | Brakebush Brothers, Inc. | Westfield | Marquette | $86 million | Expansion | Create 219 jobs; retain 885 jobs | $6.5 million in tax credits |
8 | Great Lakes Cheese Co. | Wausau | Marathon | $84.8 million | Expansion | Create 125 jobs | $2 million in tax credits |
9 | Mills Fleet Farm Group | Chippewa Falls | Chippewa | $71.7 million | Expansion | Create 284 jobs | $1.5 million loan |
10 | MilliporeSigma (Merck KGaA | Sheboygan Falls | Sheboygan | $64.1 million | Expansion | Create 175 jobs; retain 1,177 jobs | $1.25 million in tax credits |
11 | Masters Gallery Foods Inc | Oostburg | Sheboygan | $61.1 million | Expansion | Create 150 jobs; retain 529 | $2.55 million in tax credits |
12 | U.S. Venture Inc. | Appleton | Outagamie | $58.5 million | Expansion | Create 214 jobs; retain 489 | $20 million in tax credits |
13 | Gehl Foods LLC | Germantown | Washington | $46.6 million | Expansion | Create 50 jobs; retain 387 | $535,000 in tax credits |
14 | Schwabe North America Inc. | Green Bay | Brown | $44.9 million | Expansion | Create 35 jobs | $700,000 in tax credits |
15 | Gold Standard Baking Co. | Pleasant Prairie | Kenosha | $42.7 million | New manufacturing facility | Create 96 jobs | $575,000 in tax credits |
16 | Electronic Theatre Controls Inc. | Middleton | Dane | $30 million | Expansion | Retain 787 jobs | $1.2 million in tax credits |
17 | Dynamic Recycling Inc. | Onalaska | La Crosse | $20.6 million | Expansion | Create 153 jobs; retain 122 | $535,000 in tax credits |
18 | PreventionGenetics LLC | Marshfield | Wood | $20 million | Expansion | Create 150 jobs; retain 146 | $850,000 in tax credits |
19 | Cintas Corp. | Greenville | Outagamie | $18.1 million | Expansion | Create 60 jobs; retain 372 | $575,000 in tax credits |
20 | iMark Molding Inc. | Woodville | St. Croix | $18 million | Expansion | Create 40 jobs; retain 57 | $350,000 in tax credits |
21 | Johnsonville Sausage LLC | Sheboygan Falls | Sheboygan | $16 million | Expansion | Create 98 jobs; retain 937 | $10 million in tax credits |
22 | Amcor Flexibles LLC | Madison | Dane | $15 million | Expansion | Create 12 jobs | $150,000 in tax credits |
23 | Nestle Dreyer’s Ice Cream Co. | Appleton | Outagamie | $14.5 million | Expansion | Create 100 jobs | $830,000 in tax credits |
24 | Amerequip | Kiel | Calumet | $13.8 million | Expansion | Create 75 jobs; retain 242 | $535,000 in tax credits |
25 | Mill Haven Foods LLC. | New Lisbon | Juneau | $10.1 million | Expansion | Create 35 jobs; retain 44 | $400,000 in tax credits |
26 | DuraTech Industries, Inc. | La Crosse | La Crosse | $9.5 million | Expansion | Create 52 jobs; retain 229 | $215,000 in tax credits |
27 | HIEP, LLC | Waterloo | Dodge | $7.9 million | New manufacturing facility | Create 51 jobs | $250,000 in tax credits |
28 | Heartland Cooperative | Owen | Clark | $7.8 million | New headquarters; manufacturing facility | Create 16 jobs; retain 115 | $280,000 in tax credits |
29 | Baptista’s Bakery, LLC | Franklin | Milwaukee | $7.8 million | Expansion | Create 125 jobs; retain 389 | $300,000 in tax credits |
30 | TRU Enterprises LLC | Beloit | Rock | $7.2 million | New manufacturing facility | Create 41 jobs | $275,000 in tax credits |
31 | Grand Appliance, Inc. | Sturtevant | Racine | $7.2 million | Expansion | Create 37 jobs | $500,000 in tax credits |
32 | Heartland Technology Group, Inc. | Little Chute | Outagamie | $6.0 million | Expansion | Create 19 jobs; retain 314 | $241,800 in tax credits |
33 | Steele Solutions, Inc. | Milwaukee | Milwaukee | $5.9 million | Expansion | Create 125 jobs; retain 105 | $596,000 in tax credits |
34 | Grover Corporation | Glendale | Milwaukee | $5.5 million | Expansion | Create 109 jobs; retain 56 | $750,000 in tax credits |
35 | Octopi Brewing, LLC | Waunakee | Dane | $5.3 million | Expansion | Create 13 jobs; retain 10 | $300,000 loan |
36 | LDV, Inc. | Burlington | Racine | $5.0 million | Expansion | Create 40 jobs; retain 207 | $100,000 in tax credits |
37 | Metal-Era, Inc. | Waukesha | Waukesha | $4.9 million | Expansion | Create 32 jobs | $200,000 in tax credits |
38 | Prestige Metal Products, Inc. | Bristol | Kenosha | $4.2 million | Expansion | Create 46 jobs | $165,000 in tax credits |
39 | Krones Inc. | Franklin | Milwaukee | $4.0 million | Expansion | Create 25 jobs | $300,000 in tax credits |
40 | Artisans, Inc. | Glen Flora | Rusk | $3.7 million | Retention | Create 11 jobs; retain 76 | $800,000 loan |
41 | Wisconsin Oven Corporation | East Troy | Walworth | $3.2 million | Expansion | Create 85 jobs; retain 123 | $500,000 in tax credits |
42 | Fischer USA, Inc. | Racine | Racine | $3.1 million | Expansion | Create 20 jobs; retain 20 | $80,000 in tax credits |
43 | Sussex Tool & Supply, Inc. | Sussex | Waukesha | $2.9 million | Expansion | Create 22 jobs; retain 38 | $100,000 in tax credits |
44 | Commodore Corporation | Dorchester | Clark | $2.6 million | Expansion | Create 57 jobs; retain 43 | $200,000 in tax credits |
45 | DOWCO INC | Manitowoc | Manitowoc | $2.5 million | Expansion | Create 37 jobs; retain 63 | $190,000 in tax credits |
46 | Kage Innovation Corporation | Osceola | Polk | $2.4 million | New headquarters; manufacturing facility | Create 30 jobs | $200,000 in tax credits |
47 | LaForce, Inc. | Green Bay | Brown | $2.3 million | Expansion | Create 71 jobs; retain 371 | $337,000 in tax credits |
48 | First Choice Ingredients – Menomonee Falls | Menomonee Falls | Waukesha | $1.9 million | Expansion | Create 22 jobs; retain 76 | $50,000 in tax credits |
49 | Jacquart Fabric Products | Mosinee | Marathon | $1.9 million | Expansion | Create 85 jobs; retain 1 | $167,500 in tax credits |
50 | U-Line Corporation | Brown Deer | Milwaukee | $1.8 million | Retention | Create 34 jobs; retain 109 | $340,000 in tax credits |
51 | Diversified Manufacturing Corp. | Prescott | Pierce | $1.8 million | Expansion | Create 150 jobs | $520,000 in tax credits |
52 | Fisher Barton Blades Inc | Watertown | Jefferson | $1.6 million | Expansion | Create 52 jobs; retain 78 | $180,000 in tax credits |
53 | Forefront Management Holdings LLC | Manitowoc | Manitowoc | $1.1 million | Expansion | Create 241 jobs; retain 149 | $850,000 in tax credits |
54 | The Douglas Stewart Company, Inc. | Madison | Dane | $0.9 million | Expansion | Create 38 jobs; retain 97 | $195,000 in tax credits |
55 | S3 International LLC | Milwaukee | Milwaukee | $0.35 million | Expansion | Create 13 jobs; retain 41 | $350,000 loan |
56 | Pro-Active Engineering, Inc. | Sun Prairie | Dane | $0.87 million | Expansion | Create 20 jobs; retain 45 | $80,000 in tax credits |
57 | Molson Coors Brewing Company | Milwaukee | Milwaukee | $0.6 million | New global services center | Create 150 jobs | $1.7 million in tax credits |
58 | Errand Solutions, LLC | Land O Lakes | Vilas | $1.4 million | New customer service center | Create 62 jobs | $500,000 in tax credits |
59 | Nine Realms, Inc. | Madison | Dane | $0.06 million | Expansion | Create 17 jobs; retain 32 | $115,000 in tax credits |