Regal Beloit Plans $6 Million Expansion at its Wisconsin Facility
Unico is a wholly owned subsidiary of Regal Beloit Corporation, a worldwide manufacturer of motion-control products. Increased demand for Unico's drive products and control systems for use in the oil and gas industry and test stand markets is helping drive the expansion, the company told state economic development officials.
Wisconsin Economic Development Corporation said expansion will nearly double the workforce and size of the facility on Nicholson Road in Caledonia. As an incentive to assist the company with its expansion plans, the Unico facility is eligible for up to $695,000 in tax credits through the Wisconsin Economic Development Corporation. The tax credits will be distributed annually in direct relation to the number of jobs retained and new, full-time positions filled over a three-year period.
"I am pleased that Regal, a company headquartered in Wisconsin, decided to expand its operations in Caledonia rather than in Mexico or Missouri," said Governor Scott Walker. "The strong workforce and commitment by the Village and County were all important factors in keeping these jobs in Wisconsin."
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