Prestige Metal Products Moves Operation To Bristol, Wisconsin
The project, located at 19241 83rd St. in the Village of Bristol, will bring 46 jobs to the area and represents a $2.5 million investment for the company, which is now based in Antioch, Illinois.
“The support from the community has been overwhelming,” said John Annessi, Owner of Prestige Metal. “First, the Kenosha Area Business Alliance, who then introduced us to the Milwaukee 7 and the Wisconsin Economic Development Corporation. Everyone treated us like we were the next Amazon. We are very grateful and excited to be here in Wisconsin.”
The company is relocating to a building that has been vacant for several years. Home City Ice will be an additional tenant in the building, leasing 15,000 square feet.
The Wisconsin Economic Development Corporation awarded the company with up to $165,000 in state tax credits over the next three years to support the project. The actual amount of credits the company receives is contingent upon the number of jobs created during that time.
The Milwaukee 7 (M7) regional economic development group and the Kenosha Area Business Alliance (KABA) also helped Prestige with the relocation.
Prestige primarily serves the food processing equipment manufacturing industry as well as the pharmaceutical, food service, railroad, water treatment and transportation, industrial equipment, manufacturing and power generation industries. The company also offers contract manufacturing and assembly. In addition to existing Prestige workers who are expected to begin working in Bristol, the company expects to fill up to 10 positions, including press break setup operators, experienced sheet metal fabricators, and laser operators. Interested candidates may email email@example.com for more information.
“Prestige Metal’s decision to relocate to Wisconsin is great news for Kenosha County and the entire state,” said Governor Scott Walker. “We continue to see more companies establish or expand operations in Wisconsin because of the pro-business policies we’ve implemented over the last six years. I congratulate the company for making the move and appreciate their commitment to Wisconsin.”
“We welcome Prestige Metals to Bristol and are excited to have new jobs and investment coming into the community,” said Village of Bristol Administrator Randy Kerkman. “A successful manufacturer like Prestige Metals is a great addition to our diverse roster of businesses and a testament to the fact that Bristol is a great place to live, play and do business.”
“In Kenosha County, vacant buildings typically don’t stay vacant for very long and I’m glad to see this site be put back into use,” said County Executive Jim Kreuser. “Prestige Metal is a company with a long, successful history, and Kenosha County is excited to welcome them and partner with them for their next 70 years.”
“We are pleased to welcome Prestige Metal Products to southeastern Wisconsin,” said Jim Paetsch, Vice President of Corporate Expansion and Attraction for M7. “The company’s decision to relocate to Wisconsin is yet another affirmation of our attractiveness as a destination for manufacturing investment. Our assets uniquely support companies like Prestige and we look forward to seeing the company grow in our region.”
In Focus: “Golden Age” of Spec Development
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
The 2021 Top States for Doing Business Reflect Their Locational Advantages
In Focus: Demand for Industrial Land Surges
Explosive Growth of Life Sciences Sector Comes with Challenges
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Using Robust Project Controls to Enhance Project Management