DeForest, Janesville developments among 2013’s top WEDC-supported projects
January 03, 2014 7:00 am KAREN RIVEDAL
An upgrade of a Walgreen Co. facility in DeForest and an expansion of Seneca Foods Corp. in Janesville were among the 10 largest multimillion-dollar projects supported last year with taxpayer assistance through the Wisconsin Economic Development Corp.
The 10 projects totaled more than $700 million in capital investment and were to result in about 4,400 jobs created or retained in the state as a condition of getting assistance, WEDC said in a news release. A total of about $18.19 million in tax credits and $4.2 million in public loans were provided for the projects.
First on the list was Amazon.com’s new Kenosha facility, now under construction and valued at $141.25 million. It’s expected to create 1,100 jobs and can receive up to $7 million in tax credits, according to the agreement between the mass retailer and the WEDC.
In Dane County, the DeForest Walgreen’s project — described as a $41.55 million capital upgrade of a distribution facility for the drug retailing giant — was No. 8 on the list. It was expected to create 115 jobs and retain 1,000, for which the company would receive up to $3.5 million in tax credits, the WEDC said.
No. 5 on the list was the Seneca Foods project in Janesville. The $59.4 million development was expected to create 78 jobs and retain 419 through an expansion of the company’s existing facility and the addition of a new cheese line, WEDC said. The company’s public assistance was in the form of a $1.5 million loan and up to $1.58 million in tax credits.
Other highlights of the list included the second-largest project, a $117 million expansion by Agropur Inc., in Kewaunee County’s Luxemburg. The company received a $1 million loan in exchange for retaining 100 jobs as it expands and renovates its wet whey production facility and builds a cheese production plant.
A $95 million expansion of Green Bay Packaging Inc.’s facility in Ashwaubenon was No. 3 on the list, and involved $1.97 million in tax credits for construction of a 240,000-square-foot building and 281 retained jobs.
Projects in Rhinelander, Mosinee, Waukesha, Sturtevant and Mosinee finished out the list.
The WEDC is charged with leading the state’s economic development efforts, through technical support, financial assistance and other resources to companies, partners and communities aimed at supporting business growth and job creation.