Gov. Evers announces Generac expansion, creating 700 new jobs in Wisconsin
MADISON, Wis. (CBS 58) -- Wisconsin Gov. Tony Evers with Wisconsin Economic Development Corporation (WEDC) Secretary and CEO Missy Hughes and Generac leaders, announced the company is expanding its presence in the state by investing an additional $53 million in its facilities and creating more than 700 new jobs.
The announcement was made on Tuesday, Sept. 28. WEDC is assisting the project by authorizing an additional $9 million in Enterprise Zone tax credits if the company meets its capital investment and job creation goals by 2024, according to a news release.
“Generac's commitment to creating innovative, sustainable energy products for the next century makes it a true powerhouse,” said Hughes. “WEDC is pleased to be investing in Generac because Generac is investing in Wisconsin—and in our global future.”
Officials say the company’s additional $53 million investment includes the recent expansion of its corporate operations into the Village of Pewaukee with the purchase of a new building, plus the creation of 700 new manufacturing and office jobs throughout the state by the end of 2024. The new Pewaukee office at W236N1402 Busse Road will house 300 employees.
“This is fantastic news for southeast Wisconsin and our entire state’s continued economic recovery,” said Gov. Evers. “Generac is a great example of a Wisconsin brand known across the globe, and their decision to further expand in our state is a reminder that Wisconsin continues to be a leader in advanced manufacturing and forward-looking businesses.”
The Milwaukee 7 (M7) regional economic development organization assisted in the company's expansion efforts.
Last week, the WEDC Board of Directors authorized increasing the company’s Enterprise Zone tax credits from $10 million to $19 million if the company creates at least 700 new jobs and invests at least $53 million in additional capital expenditures by 2024, according to a news release.
Generac, based in Waukesha, is a global leader in the manufacturing and design of energy technology solutions and other power products.