Generac’s $73 million expansion to add 400 new jobs
Excerpted from Milwaukee Journal Sentinel
By Sarah Hauer
Generac Power Systems Inc. announced Monday it will expand its headquarters in Waukesha and manufacturing facilities in Wisconsin to create at least 400 new jobs in the next five years.
Generac, which manufactures power generation and engine-powered products, plans to expand its corporate headquarters, research and development, and production operations.
The company will receive up to $10 million in enterprise zone tax credits from the Wisconsin Economic Development Corp. for the project through 2021. The company plans to spend $73 million on the project.
Generac will renovate buildings and equipment at its facilities in Waukesha, Oshkosh, Jefferson, Eagle, Whitewater and Berlin.
The improvements will enable Generac to make prototypes and tests products faster.
Generac said it will add at least 400 jobs. It currently has about 2,000 employees in Wisconsin.
“In addition to the jobs created by this project, this expansion will enable Generac to usher in a new era of innovation and develop products to reach new markets and position the company for future growth,” said Mark Hogan, secretary and CEO of the WEDC. “That is good news for southeastern Wisconsin and the entire state.”