Powernail Company Relocates-Plans Genoa City, Wisconsin, Headquarters
07/19/2023
The 40,000-square-foot headquarters and production building is located on 4.5 acres along Williams Road, south of Twin Lakes Road.
“Wisconsin is the perfect location for Powernail,” said Powernail President David Anstett. “There is a long history of manufacturing and a deep talent base to support our long-term goals. We are thrilled to be growing our company in a production-friendly state like Wisconsin.”
Wisconsin Economic Development Corporation (WEDC) is supporting the project by authorizing up to $400,000 in state income tax credits over the next three years. The actual amount of tax credits Powernail will receive is contingent on the number of jobs created and the capital invested in the project.
“Wisconsin is pleased to welcome Powernail, an innovative, family-owned manufacturer to our state,” noted Missy Hughes, secretary and CEO of the Wisconsin Economic Development Corporation, the state’s lead economic development organization. “Our skilled manufacturing workforce will help ensure Powernail’s success here. It’s a win for the region and a win for Wisconsin.”
The Village of Genoa City is also supporting this project through its Business Tax Incentive Program, which includes a 4-year tiered reimbursement to Powernail for the Village portion of real property taxes.
“Powernail is a valued addition to our growing roster of manufacturers in southeastern Wisconsin,” added M7 Executive Director Jim Paetsch. “We continue to attract corporate investment at a significant clip. Companies like Powernail are driving prosperity across our entire region.”
Powernail is the industry leader for pneumatic Powernailers and Powercleats nails used in hardwood flooring installations. Powernailers are used for professional installation of Tongue & Groove hardwood flooring and sub-flooring for both residential and sport floor construction.
Project Announcements
Piramal Pharma Solutions Expands Lexington, Kentucky, Operations
10/04/2024
G&H Decoys Plans Corning, Arkansas, Headquarters-Manufacturing Operations
10/04/2024
Britain-Based Ultimate Defense Technologies Establishes Billings, Montana, Operations
10/04/2024
Google Plans Dorchester County, South Carolina, Data Center Operations
10/04/2024
Sirius Analysis Plans Virginia Beach, Virginia, Headquarters
10/04/2024
South Korea-Based ILJIN Plans Auburn, Alabama, Manufacturing Operations
10/04/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024