International Mold and Production Relocates Operations-Headquarters to Kenosha, Wisconsin
Len Koren, who founded the company in 2003, said part of the reason the business is relocating to southeastern Wisconsin is to take advantage of the opportunities that will be presented by the Foxconn Technology Group, which will build a $10 billion advanced manufacturing campus in nearby Racine County.
“IMAP has experienced growth recently with customers such as the Drone Racing League, as seen on ESPN; GOAT Pet Products, as seen on Shark Tank; and several other consumer product companies,” Koren said. “We eventually hope to supply Foxconn as well as tier-one automotive companies after we receive ISO certification.”
To secure the company’s investment in Wisconsin, the Wisconsin Economic Development Corporation (WEDC) has awarded IMAP with up to $110,000 in state income tax credits over the next three years. The actual number of credits the company receives is contingent upon the number of jobs created.
“We appreciate this award from Governor Walker and WEDC as we have made a commitment to invest in the Kenosha area and be a part of the state’s continued job growth,” Koren added.
The company, which plans to invest $1.5 million in the Kenosha facility, has already started relocating some of its operations there. In addition to making Kenosha the company’s new headquarters, IMAP hopes to move some of its contracted manufacturing work from China to Wisconsin. As part of its announcement, IMAP said it plans to hire staff in sales and marketing and engineering, as well as computer numerical control machine and molding press operators.
“Congratulations to IMAP on its decision to relocate to our great state,” said Governor Walker. “I am looking forward to seeing the company continue to grow here because of our strong business climate and outstanding workforce. Small companies like IMAP are the backbone of Wisconsin’s economy because they create family sustaining jobs. It’s imperative that we continue to provide them with the support they need to compete in the global marketplace.
“ IMAP received incentive offers from Indiana, Michigan and even Mexico, but made the right choice by selecting Wisconsin because of our state’s growing economy and the possibility of working with Foxconn,” the Walker said.
Originally started as a consulting business, IMAP’s capabilities expanded to include the addition of a manufacturing division in 2016 that serves the automotive, consumer products and medical industries. IMAP combines its expertise in 3D printing and plastic injection molding to produce 3D printed plastic injection molds, which save time and allow for fast iterations of the product.
“We are thrilled International Mold and Production has chosen the M7 region as the location to launch the next chapter of the company’s history,” said Logan Dawson, director of the Milwaukee 7. “The manufacturing assets in this region will provide a strong foundation for IMAP to continue to realize their exciting growth opportunities and potential.”
"The Kenosha Area Business Alliance is pleased to welcome IMAP to Kenosha County," said Heather Wessling, vice president of economic development for KABA. "This forward-thinking company that hopes to be a growing part of the supply chain for diverse industries operating in Wisconsin is the type of company Kenosha County is excited to welcome to the community and support going forward."
Hot Jobs: Growing Industrial Sectors
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
Creative Approaches to Last Mile Distribution
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide