Italy-Based Centro Sperimentale del Latte USA Plans Production Center in Wisconsin
PROBIO RE LLC, Centro Sperimentale del Latte’s related entity, recently purchased its first U.S. location, with plans to establish a newly constructed manufacturing facility on a 25-acre site in Racine County. The facility will produce probiotics and related materials.
The company chose the facility due to the growing probiotic supplement market in the U.S. as well as the close proximity to specialty cheese makers throughout Wisconsin, according to 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 Centro Sperimentale del Latte will receive is contingent upon the number of jobs created and the amount of capital investment during that period.
To facilitate the project, the Caledonia Village Board approved a pay-as-you-go incentive that will be linked to property tax increment financing created by the construction of Centro Sperimentale del Latte’s new facility.
Centro Sperimentale del Latte was established in 2018 to be the operating entity for the new probiotic manufacturing facility located in Racine County. The company’s parent entity, Sacco, is an Italian corporation founded in 1948 working in microbial cultures for food and dairy supplements. Today, the company researches, develops, manufactures and sells probiotics, lactic acid bacteria, molds and yeasts intended for the pharmaceutical, nutraceutical, dairy, food and agro-livestock sectors.
“Wisconsin is known as a leader in the dairy industry, and we are proud to welcome a global company like Centro Sperimentale del Latte to our great state,” said Mark R. Hogan, Secretary & CEO of the Wisconsin Economic Development Corporation, the state’s lead economic development organization. “This investment 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.”
“Racine County’s central location in the Chicago-Milwaukee corridor continues to be an asset, especially for international companies establishing their first location in the United States,” said Racine County Executive Jonathan Delagrave. “At this unprecedented time in our county’s history, we are excited that CSL will call Racine County home and we are grateful for their investment in our community.”
“We are pleased CSL chose to locate in the Caledonia Business Park,” said Caledonia Village Board President Jim Dobbs. “The company is a great addition to our community, and we look forward to construction starting on their project.”
How are Uncertain Times Altering Company Location Strategies?
Infrastructure Investment as an Economic Stimulus Tool
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row