Kapco Inc. Invests $7 Million To Expand Grafton, Wisconsin, Manufacturing Plant
Once construction is completed in August, Kapco will have about 600,000 square feet of space in seven facilities in Wisconsin.
“We are very pleased to be able to continue to grow the Kapco family of companies,” said Hani Malek, Kapco Vice President of Corporate Development. “This not only allows us to provide family-sustaining jobs, but is the engine that propels our strong tradition, desire and commitment to giving back to the great community in which we live and work.”
As an incentive to help secure the jobs, Wisconsin Economic Development Corporation authorized Grafton-based Kapco to receive up to $500,000 in state tax credits over the next three years. The actual amount of credits received is contingent upon the number of jobs created over that time.
“We are pleased to assist this Wisconsin manufacturer as it continues to demonstrate its commitment to growing in the state,” said Reed Hall, Secretary/CEO of WEDC, the state’s lead economic development organization. “This project will enable Kapco to better compete with companies in neighboring states to attract new business, which means more growth and more jobs right here in Wisconsin.”
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