Posted on 08/14/2017 12:51:48 PM PDT by 2ndDivisionVet
WAUKESHA — Generac Power Systems Inc. and the Wisconsin Economic Development Corporation (WEDC) announced on Monday, August 14th that a WEDC award of up to $10 million in Enterprise Zone Tax Credits through 2021 will support the company’s growth plans at its Waukesha-based global corporate headquarters and manufacturing facilities throughout Wisconsin.
The project is expected to create at least 400 jobs over the next five years, a news release issued on Monday indicates.
Generac plans to invest more than $73 million in building renovations and equipment in a growth plan that will encompass its facilities in Waukesha, Oshkosh, Jefferson, Eagle, Whitewater and Berlin. The plan calls for the expansion of Generac’s corporate headquarters, research and development, and production operations in Wisconsin.
Aaron Jagdfeld, president and CEO of Generac issued the following statement:
“As we’ve grown and added facilities throughout Wisconsin, it became clear that we needed to invest in a cutting-edge space at our corporate headquarters allowing us to dramatically advance our key product development and engineering activities. We’ve been on our current campus since 1965, but a lot has changed since then. This project will help us realize efficiencies at our headquarters facility that will drive continued innovation.”
The news release also says in addition to the 400 jobs expected to be created by Generac, an economic modeling study projects that the project will indirectly generate 356 additional jobs in the region. Over a five-year period, the direct and indirect jobs could generate $9.5 million in additional state income tax revenue.
Proud owner and got the transfer switch to go along with it. Good stuff, never had a problem.
Generac makes a bad-ass product.
Seriously. Throughout the US there are companies that excel, and then there are those that define their industry for today and tomorrows to come. Generac’s units are all I use anymore in data center builds, telecom and medical builds.
“Generac makes a bad-ass product.”
The best. A couple years ago we had installed a Generac whole-house generator for our 5,000 sq. ft. place out in the middle of nowhere with frequent power outages. It worked flawlessly. When we sold the place, we believe it was a main factor in the buyers choosing the place over others.
Nice to hear they are kicking ass on the commercial side as well.
We’ve got a Generac - works great - watch out for the service and maintenance charges though......
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