In a move expected to create 110 new jobs, Dynamic Recycling Inc. is opening a new facility in the Town of Onalaska, Wisconsin, to accommodate the company’s continued growth. The company is spending more than $2 million to renovate and upgrade the facility, which is expected to open early next year.
Dynamic Recycling is relocating its operations from La Crosse to the old ATK Ammunition plant in Onalaska, which has been closed since 2012. The company recycles items such as IT equipment, consumer electronics, medical equipment, appliances, and light bulbs and ballasts. The company most recently expanded in 2012, which added 20,000 square feet to its 40,000-square-foot facility in La Crosse. Because of increased customer demand, Dynamic Recycling already has outgrown that location. In the new facility, the company will occupy 170,000 square feet of the 250,000-square-foot building.
”As a company, we are excited for the opportunities this new facility will open up to our people, our customers, the community and the state,” said Dynamic Recycling CEO Miles Harter. “Having researched numerous state business climates, I think Wisconsin has done a great job increasing their competitive position and has certainly supported our growth over the years, so for this, we are grateful.”
To secure the new jobs, the Wisconsin Economic Development Corporation authorized up to $360,000 in Economic Development Tax Credits for the company over the next three years. The actual amount of tax credits awarded will depend upon the number of jobs created during that time.
“We are pleased to be able to assist Dynamic Recycling on this expansion, which will more than double the company’s existing workforce and bring new jobs to western Wisconsin,” said Reed Hall, Secretary/CEO of WEDC, the state’s lead economic development organization. “This marks the company’s fourth expansion since it was founded in 2007, and is a great example of how companies of all sizes and all industries can prosper in our state because of the strong workforce and pro-business climate.”
Lisa Herr, executive director of the 7 River’s Alliance, a regional economic development organization added: “Dynamic Recycling’s expansion and continued growth is a good indicator of the region’s support for green business practices that work from a financial perspective. The community wins when the state and local government work together to support business growth.”