Foxconn, Kwik Trip top list of state’s largest economic development projects of 2017

Foxconn, Kwik Trip top list of state’s largest economic development projects of 2017

WEDC-supported projects expected to create, retain nearly 30,000 jobs across Wisconsin

MADISON – Governor Scott Walker and WEDC announced today that 2017 was a record year for economic development 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

 

  1. Foxconn Technology Group

Estimated total project cost is $10.02 billion; WEDC investment is $2.85 billion in tax credits

New advanced manufacturing campus in Mount Pleasant, Racine County; estimated job impact is 13,000 new jobs created

 

  1. Kwik Trip, Inc.

Estimated total project cost is $309 million; WEDC investment is $21 million in tax credits

Expansion in La Crosse; estimated job impact is 329 new jobs created

 

  1. Haribo of America

Estimated total project cost is $220 million; WEDC investment is $21 million in tax credits

New manufacturing facility in Pleasant Prairie; estimated job impact is 385 new jobs created

 

  1. Epicentre Technologies Corp

Estimated total project cost is $148.4 million; WEDC investment is $750,000 in tax credits

Expansion in Madison; estimated job impact is 20 jobs created, 114 jobs retained

 

  1. Saputo Cheese USA

Estimated total project cost is $89.5 million; WEDC investment is $3 million in tax credits

Expansion in Almena, Barron County; estimated job impact is 92 jobs created, 105 jobs retained

 

  1. Generac Power Systems Inc

Estimated total project cost is $86.8 million; WEDC investment is $10 million in tax credits

Location expansions across the state; estimated job impact is 400 jobs created, 1,999 jobs retained

 

  1. Brakebush Brothers, Inc.

Estimated total project cost is $86 million; WEDC investment is $6.5 million in tax credits

Expansion in Westfield, Marquette County; estimated job impact is 219 jobs created, 885 jobs retained

 

  1. Great Lakes Cheese Co.

Estimated total project cost is $84.8 million; WEDC investment is $2 million in tax credits

Expansion in Wausau; estimated job impact is 125 new jobs created

 

  1. Mills Fleet Farm Group

Estimated total project cost is $71.7 million; WEDC investment is a $1.5 million loan

Expansion in Chippewa Falls; estimated job impact is 284 new jobs created

 

  1. MilliporeSigma (Merck KGaA)

Estimated total project cost is $64.1 million; WEDC investment is $1.25 million in tax credits

Expansion in Sheboygan Falls; estimated job impact is 175 jobs created, 1,177 jobs retained

 

  1. Masters Gallery Foods Inc.

Estimated total project cost is $61.1 million; WEDC investment is $2.55 million in tax credits

Expansion in Oostburg, Sheboygan County; estimated job impact is 150 jobs created, 529 jobs retained

 

  1. U.S. Venture Inc.

Estimated total project cost is $58.5 million; WEDC investment is $20 million in tax credits

Expansion in Appleton; estimated job impact is 214 jobs created, 489 jobs retained

 

  1. Gehl Foods LLC

Estimated total project cost is $46.6 million; WEDC investment is $535,000 in tax credits

Expansion in Germantown, Washington County; estimated job impact is 50 jobs created, 387 jobs retained

 

  1. Schwabe North America Inc.

Estimated total project cost is $44.9 million; WEDC investment is $700,000 in tax credits

Expansion in Green Bay; estimated job impact is 35 new jobs created

 

  1. Gold Standard Baking Co.

Estimated total project cost is $42.7 million; WEDC investment is $575,000 in tax credits

New manufacturing facility in Pleasant Prairie; estimated job impact is 96 new jobs created

 

  1. Electronic Theater Controls Inc.

Estimated total project cost is $30 million; WEDC investment is $1.2 million in tax credits

Expansion in Middleton; estimated job impact is 787 jobs retained

 

  1. Dynamic Recycling Inc.

Estimated total project cost is $20.6 million; WEDC investment is $535,000 in tax credits

Expansion in Onalaska, La Crosse County; estimated job impact is 153 jobs created, 122 jobs retained

 

  1. PreventionGenetics LLC

Estimated total project cost is $20 million; WEDC investment is $850,000 in tax credits

Expansion in Marshfield; estimated job impact is 150 jobs created, 146 jobs retained

 

  1. Cintas Corp.

Estimated total project cost is $18.1 million; WEDC investment is $575,000 in tax credits

Expansion in Greenville, Outagamie County; estimated job impact is 60 jobs created, 372 jobs retained

 

  1. iMark Molding Inc.

Estimated total project cost is $18 million; WEDC investment is $350,000 in tax credits

Expansion in Woodville, St. Croix County; estimated job impact is 40 jobs created, 57 jobs retained

 

  1. Johnsonville Sausage LLC

Estimated total project cost is $16 million; WEDC investment is $10 million in tax credits

Expansion in Sheboygan Falls; estimated job impact is 98 jobs created, 937 jobs retained

 

  1. Amcor Flexibles LLC

Estimated total project cost is $15 million; WEDC investment is $150,000 in tax credits

Expansion in Madison; estimated job impact is 12 new jobs created

 

  1. Nestle Dreyer’s Ice Cream Co.

Estimated total project cost is $14.5 million; WEDC investment is $830,000 in tax credits

Expansion in Appleton; estimated job impact is 100 new jobs created

 

  1. Amerequip

Estimated total project cost is $13.8 million; WEDC investment is $535,000 in tax credits

Expansion in Kiel, Calumet County; estimated job impact is 75 jobs created, 242 jobs retained

 

  1. Mill Haven Foods LLC

Estimated total project cost is $10.1 million; WEDC investment is $400,000 in tax credits

Expansion in New Lisbon, Juneau County; estimated job impact is 35 jobs created, 44 jobs retained

 

  1. DuraTech Industries, Inc.

Estimated total project cost is $9.5 million; WEDC investment is $215,000 in tax credit

Expansion in La Crosse; estimated job impact is 52 jobs created, 229 retained

 

  1. HIEP, LLC

Estimated total project cost is $7.9 million; WEDC investment is $250,000 in tax credits

New manufacturing facility in Waterloo, Dodge County; estimated job impact is 51 new jobs created

 

  1. Heartland Cooperative

Estimated total project cost is $7.8 million; WEDC investment is $280,000 in tax credits

New headquarters and manufacturing facility in Owen, Clark County; estimated job impact is 16 jobs created, 115 retained

  1. Baptista’s Bakery, LLC

Estimated total project cost is $7.8 million; WEDC investment is $300,000 in tax credits

Expansion project in Franklin, Milwaukee County; estimated job impact is 125 jobs created; 389 retained

 

  1. TRU Enterprises LLC

Estimated total project cost is $7.2 million; WEDC investment is $275,000 in tax credits

New manufacturing facility in Beloit; estimated job impact is 41 new jobs created

  1. Grand Appliance, Inc.

Estimated total project cost is $7.2 million; WEDC investment is $500,000 in tax credits

Expansion project in Sturtevant, Racine County; estimated job impact is 37 new jobs created

 

  1. Heartland Technology Group, Inc.

Estimated total project cost is $6.0 million; WEDC investment is $241,800 in tax credits

Expansion project in Little Chute, Outagamie County; estimated job impact is 19 jobs created; 314 retained

 

  1. Steele Solutions, Inc.

Estimated total project cost is $5.9 million; WEDC investment is $596,000 in tax credits

Expansion project in Milwaukee; estimated job impact is 125 jobs created; 105 retained

 

  1. Grover Corporation

Estimated total project cost is $5.5 million; WEDC investment is $750,000 in tax credits

Expansion project in Glendale, Milwaukee County; estimated job impact is 109 jobs created; 56 retained

 

  1. Octopi Brewing, LLC

Estimated total project cost is $5.3 million; WEDC investment is a $300,000 loan

Expansion project in Waunakee, Dane County; estimated job impact is 13 jobs created; 10 retained

 

  1. LDV, Inc.

Estimated total project cost is $5.0 million; WEDC investment is $100,000 in tax credits

Expansion project in Burlington, Racine County; estimated job impact is 40 jobs created; 207 retained

 

  1. Metal-Era, Inc.

Estimated total project cost is $4.9 million; WEDC investment is $200,000 in tax credits

Expansion project in Waukesha; estimated job impact is 32 new jobs created

 

  1. Prestige Metal Products, Inc.

Estimated total project cost is $4.2 million; WEDC investment is $165,000 in tax credits

Expansion project in Bristol, Kenosha County; estimated job impact is 46 new jobs created

 

  1. Krones Inc.

Estimated total project cost is $4.0 million; WEDC investment is $300,000 in tax credits

Expansion project in Franklin, Milwaukee County; estimated job impact is 25 new jobs created

 

  1. Artisans, Inc.

Estimated total project cost is $3.7 million; WEDC investment is a $800,000 loan

Business retention in Glen Flora, Rusk County; estimated job impact is 11 jobs created; 76 retained

 

  1. Wisconsin Oven Corporation

Estimated total project cost is $3.2 million; WEDC investment is $500,000 in tax credits

Expansion project in East Troy, Walworth County; estimated job impact is 85 jobs created; 123 retained

 

  1. Fischer USA, Inc.

Estimated total project cost is $3.1 million; WEDC investment is $80,000 in tax credits

Expansion project in Racine; estimated job impact is 20 jobs created; 20 retained

 

  1. Sussex Tool & Supply, Inc.

Estimated total project cost is $2.9 million; WEDC investment is $100,000 in tax credits

Expansion project in Sussex, Waukesha County; estimated job impact is 22 jobs created; 38 retained

  1. Commodore Corporation

Estimated total project cost is $2.6 million; WEDC investment is $200,000 in tax credits

Expansion project in Dorchester, Clark County; estimated job impact is 57 jobs created; 43 retained

 

  1. DOWCO INC

Estimated total project cost is $2.5 million; WEDC investment is $190,000 in tax credits

Expansion project in Manitowoc; estimated job impact is 37 jobs created; 63 retained

 

  1. Kage Innovation Corporation

Estimated total project cost is $2.4 million; WEDC investment is $200,000 in tax credits

New headquarters and manufacturing facility in Osceola, Polk County; estimated job impact is 30 new jobs created

 

  1. LaForce, Inc.

Estimated total project cost is $2.3 million; WEDC investment is $337,000 in tax credits

Expansion project in Green Bay; estimated job impact is 71 jobs created; 371 retained

 

  1. First Choice Ingredients – Menomonee Falls

Estimated total project cost is $1.9 million; WEDC investment is $50,000 in tax credits

Expansion project in Menomonee Falls, Waukesha County; estimated job impact is 22 jobs created; 76 retained

 

  1. Jacquart Fabric Products

Estimated total project cost is $1.9 million; WEDC investment is $167,500 in tax credits

Expansion project in Mosinee, Marathon County; estimated job impact is 85 jobs created; 1 retained

 

  1. U-Line Corporation

Estimated total project cost is $1.8 million; WEDC investment is $340,000 in tax credits

Business retention in Brown Deer, Milwaukee County; estimated job impact is 34 jobs created; 109 retained

 

  1. Diversified Manufacturing Corp.

Estimated total project cost is $1.8 million; WEDC investment is $520,000 in tax credits

Expansion project in Prescott, Pierce County; estimated job impact is 150 new jobs created

 

  1. Fisher Barton Blades Inc.

Estimated total project cost is $1.6 million; WEDC investment is $180,000 in tax credits

Expansion project in Watertown, Jefferson County; estimated job impact is 52 jobs created; 78 retained

 

  1. Forefront Management Holdings LLC

Estimated total project cost is $1.1 million; WEDC investment is $850,000 in tax credits

Expansion project in Manitowoc; estimated job impact is 241 jobs created; 149 retained

 

  1. The Douglas Stewart Company, Inc.

Estimated total project cost is $0.9 million; WEDC investment is $195,000 in tax credits

Expansion project in Madison; estimated job impact is 38 jobs created; 97 retained

 

  1. S3 International LLC

Estimated total project cost is $0.35 million; WEDC investment is a $350,000 loan

Expansion project in Milwaukee; estimated job impact is 13 jobs created; 41 retained

 

  1. Pro-Active Engineering, Inc.

Estimated total project cost is $0.87 million; WEDC investment is $80,000 in tax credits

Expansion project in Sun Prairie, Dane County; estimated job impact is 20 jobs created; 45 retained

 

  1. Molson Coors Brewing Company

Estimated total project cost is $0.6 million; WEDC investment is $1.7 million in tax credits

New global services center in Milwaukee; estimated job impact is 150 new jobs created

 

  1. Errand Solutions, LLC

Estimated total project cost is $1.4 million; WEDC investment is $500,000 in tax credits

New customer service center in Land O Lakes, Vilas County; estimated job impact is 62 new jobs created

 

  1. Nine Realms, Inc.

Estimated total project cost is $0.06 million; WEDC investment is $115,000 in tax credits

Expansion project in Madison; estimated job impact is 17 jobs created; 32 retained

 

2018-01-09T16:26:22+00:00