iMark Molding Expands St. Croix County, Wisconsin, Operations
The $18 million expansion will more than triple the size of the company’s existing 38,640-square-foot facility to meet current and future demand for its products. Construction is now underway and expected to be completed by the end of 2018.
The expansion calls for adding about 32,000 square feet of production space, 28,000 square feet of warehouse and shipping space, and 20,000 square feet of office space. The project also includes renovating and adding new equipment to the existing facility.
“The result of this expansion will be a world-class molding facility that will solidify iMARK’s position as the leader in supporting Wisconsin’s biohealth industry and will help meet the needs of life science companies nationwide,” said company president and founder Mark Sturtevant. “The crown jewel of the expansion will be our 22,500-square-foot pharma-grade cleanroom that is designed for a future expansion of nearly 18,000 square feet.”
Sturtevant said the company’s goal is to become compliant with ISO 18385, a new standard that minimizes the risk of human DNA contamination in products used to collect, store and analyze biological material for forensic and diagnostic purposes.
The Wisconsin Economic Development Corporation (WEDC) is supporting the project by authorizing up to $350,000 in state income tax credits over the next four years. The actual amount of tax credits iMARK will receive is contingent upon the number of jobs created and the level of capital investment over that time.
“On behalf of the state of Wisconsin, I congratulate iMARK Molding on its expansion plans and thank the company for its continued commitment to our great state,” said Lt. Governor Rebecca Kleefisch, who joined company officials, and state and local leaders in a groundbreaking ceremony Thursday. “iMARK is the latest example of the many companies choosing to establish or expand operations in Wisconsin because of our strong business climate and dedicated workforce.”
“Realizing that companies have many choices as to where they can invest, the Village of Woodville is excited that iMARK has decided to expand within our community,” said Woodville Village President Steve Gossel. “This project shows how a strong public/private team that thinks out ofbox can move a project forward. We look forward to reinforcing our strong working relationship with iMARK in the future.”
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