Wikoff Color Plans Lisbon, Wisconsin, Production Facility
The project consolidates three Wikoff facilities located in Canada, Wauwatosa, and Green Bay, into one location in Lisbon.
“We know that Wisconsin is a really big hub for the packaging industry, a lot of our customers are concentrated there,” noted Martin Iles, CFO of Wikoff Color.
The Wisconsin Economic Development Corporation (WEDC) is supporting the project by authorizing up to $200,000 in state income tax credits over the next three years. The actual amount of tax credits Wikoff Color will receive is contingent upon the number of jobs created and the amount of capital investment during that period.
“The investment by Wikoff Color solidifies the company’s continued commitment to Wisconsin and is a testament to the strength of our manufacturing industry,” said Missy Hughes, secretary and CEO of WEDC. “This investment is the latest example of the many forward-looking companies choosing to expand operations in Wisconsin because of our state’s lead in flexible packaging and our strength in the food-and-beverage sector.”
The company plans to make a $5.4 million investment in the facility and spend an additional $2 million before seeking WEDC assistance.
2023 Top States for Doing Business Meet the Needs of Site Selectors
The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Front Line: Brownfields Offer Redevelopment Opportunities
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
2023 Top States Workforce Development Programs
Immigration: A Potential Fix for Labor Shortages?
Workforce Q4 2023