Toolamation Services Inc. is relocating its headquarters and manufacturing operations from northern Illinois to the City of Kenosha, Wisconsin.
The company, which specializes in high-volume automated production broaching, screw machine tooling products, and CNC machining services, will relocate two operations in Zion, IL, to the former IEA manufacturing site in Kenosha. The renovated 46,000-square-foot facility will enable the company to operate more efficiently and to have space for future expansion. Construction on the $1.4 million project is under way and the new facility is expected to open this spring. The company, which now has about 50 employees, plans to create 16 new jobs over the next three years.
“We are looking forward to working with the State of Wisconsin and the City of Kenosha to grow our business and to bring new opportunities to the area,” said Toolamation President Tony Deieso.
To help secure the new jobs, the Wisconsin Economic Development Corporation authorized Toolamation to receive up to $300,000 in tax credits over the next three years. The actual amount of tax credits received is contingent upon the number of jobs created. The Kenosha Area Business Alliance is also providing the company with a $490,000 loan for the purchase of the building and equipment.
“I’m pleased to welcome Toolamation to Wisconsin and have them join the growing list of companies that are establishing operations in Wisconsin because of our strong business climate and outstanding workforce,” Governor Scott Walker said. “Our job growth is due in large part to the success of small and medium-sized manufacturers like Toolamation.”
The Milwaukee 7 regional economic development organization worked closely with KABA and WEDC to help attract Toolamation here.
“We’re delighted that Toolamation has selected southeastern Wisconsin for its new headquarters,” said Gale Klappa, co-chair of M-7 and Chairman/CEO of Wisconsin Energy Corp. “Our attractive assets and manufacturing strength—coupled with a strong, coordinated effort by our regional and state partners—led to this winning result.”