Krones Inc. will be building a new training and technology center in southeastern Wisconsin with plans to employ 25 new skilled workers.
The manufacturing company is a subsidiary of Krones AG — based in Neutraubling, Germany — with U.S. headquarters in Franklin. It specializes in machinery related to the beverage and liquid food industry: packaging machines, processors for plastic containers, filling technology and more. Krones also provides IT solutions for this sector.
According to a release, one out of every four beverage bottles in the world run through a Krones machine.
The Wisconsin Economic Development Corp. is providing up to $300,000 in performance-based Business Development Tax Credits to help Krones build the new facility across the street from its headquarters in Franklin. Whether the credits are earned will depend on if the company is able to create the 25 new jobs.
Krones has three years to do so and must maintain them for another two, or else the tax credits could be clawed back, according to Mark Maley, WEDC spokesman. The company must increase its employment level every year for the next three years in order to get any credits.
Construction for the 40,000 square-foot facility is set to begin in the spring.
See more at WisBusiness.com.