Announces Move to Wisconsin
Chicago Fittings Corporation, a specialty fitting manufacturer, has plans to move and build a new 30,000-square-foot building in Beloit, Wisconsin’s Gateway Business Park—one of Wisconsin’s Certified Sites. The Belvidere, Ill. company, founded in 1930, provides patented “low-to-high pressure” hydraulics for manufacturers in the heavy equipment and diesel engine industries.
Joseph Tarquini, president of Chicago Fittings, noted a variety of incentives that Wisconsin offered compared to Illinois. “Comparing state by state there were tax incentives and job credit rebate programs that set Wisconsin and Illinois apart,” he said, adding the state also offers the manufacturing and agriculture tax credit.
The company has about 15 employees and plans to hire 25 more over the next three years. WEDC included state tax credits up to $175,000 for the next four years. The amount of credits Chicago Fittings will receive depends on the number of jobs created.
“WEDC is pleased to assist Chicago Fittings in making the move from Illinois to Wisconsin,” said Reed Hall, secretary and CEO of WEDC, in a statement. “This is yet another success for our Certified in Wisconsin program, which pre-certifies industrial sites as development ready.”
Chicago Fittings will spend about $2.36 million on the new facility and hopes to break ground early next year. The project is expected to be completed by the second half of 2016.