Hanna Cylinders To Relocate Its Manufacturing to Kenosha County, Wisconsin
The firm produces hydraulic and pneumatic cylinders and valve actuators. The company’s primary market is the nuclear industry, but it serves the steel, military, lawn, garden, oil and gas industries. It offers nuclear valve actuation, water/marine/corrosion resistant cylinders, offshore drilling, construction and lift equipment, plastic injection molding and other related applications as well.
“The State of Wisconsin made Hanna’s decision to relocate from Illinois overwhelmingly clear. Furthermore, KABA worked diligently to facilitate the incentives and a smooth transition,” said Hanna Cylinders’ President Kimball Bradley. “Hanna is looking forward to growing and prospering in Wisconsin.” Hanna Cylinders currently employs approximately 100 people and anticipates growth that could nearly double its workforce within five years.
“We are incredibly pleased to welcome Hanna Cylinders to Pleasant Prairie,” said Village President John P. Steinbrink. “With an incredibly supportive business community, organizations like KABA, and great quality of life features, we’re confident that Hanna Cylinders will excel here.”
As an incentive, the Kenosha Area Business Alliance, Kenosha County’s economic development organization, provided a $1.5 million financing package to support Hanna’s investment. This includes a $1.25 million low-interest loan and a $250,000 forgivable loan from the Kenosha County High Impact Fund, which was created and funded by Kenosha County to support high quality economic development projects. In addition, Wisconsin Economic Development Corporation is also supporting Hanna’s investments with tax credits.
“I am pleased to welcome Hannah Cylinder to Wisconsin, and particularly to Kenosha County. This demonstrates that Wisconsin is a great place to do business,” Gov. Scott Walker said.
“Hanna Cylinders is an excellent example of the type of development the Kenosha County High Impact Fund was designed for,” said Kenosha County Executive Jim Kreuser. “Bringing a fast growing, innovative company and 100 new jobs to Kenosha County is exactly what was intended when the fund was established. We’re excited to welcome Hanna to our community.”
How are Uncertain Times Altering Company Location Strategies?
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row