Vonco Products Expands To Larger Facility In Salem, Wisconsin
The company expects to invest more than $4 million in equipment at the facility and create 86 jobs over the next three years. Vonco will be the anchor tenant of a new business park being developed by KABA. Vonco is leasing the building from KABA and will have an option to purchase the facility. The company is expected to take occupancy in June 2017.
For Keith Smith, president of Vonco said; “We were very impressed with what the Wisconsin Economic Development Corporation (WEDC) and its partners put together, and we also want to thank the Kenosha Area Business Alliance (KABA) for the role they played in bringing the various parties together to complete this deal,” said Smith. “We’re very excited about what our new location means in terms of delivering solutions for our customers, especially with the launch of our new division focused on liquid-tight packaging.”
To help attract Vonco to Wisconsin, WEDC has authorized the company to receive up to $500,000 in state tax credits over the next three years. The actual amount of tax credits received will be contingent upon the number of jobs created during that time. In addition, the Town of Salem has created a tax increment financing district to support the Salem Business Park development.
“I would like to personally welcome Vonco to Wisconsin and thank the company for making this commitment to the state,” said Lt. Governor Rebecca Kleefisch, who joined company officials in Kenosha County today to make the announcement. “The fact that Vonco and other companies have decided to relocate to Wisconsin in the last six years demonstrates that our efforts to create a positive business climate and strengthen our workforce are making a real impact.”
“The Town of Salem is thrilled to welcome an advanced manufacturing company like Vonco Products to our community,” said Pat Casey, Salem Town Administrator. “We’ve made a commitment to the Salem Business Park and feel that it is an attractive location for business. We’re excited to work with our partners at KABA, M7 and WEDC to attract more investment here.”
“Vonco’s decision to locate in the Salem Business Park is a positive sign that the investment that KABA, the Town of Salem and Kenosha County have made in establishing this park will prove to be a sound strategy,” added Todd Battle, president of KABA.
“We are delighted that Vonco Products has chosen to relocate this impressive operation to southeastern Wisconsin,” said Jim Paetsch, Vice President of the Milwaukee 7 (M7), the regional economic development entity for southeastern Wisconsin. “Vonco is precisely the type of company we want in our region. The decision to locate here is a strong, positive sign that our regional assets, business climate and quality workforce continue to be attractive to world-class companies.”
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