SHINE selects Janesville for biomed plant
Excerpted from Wisconsin State Journal
By Barry Adams
SHINE Medical Technologies of Middleton said Tuesday it will construct an $85 million manufacturing plant in Janesville that will employ more than 100 people with average salaries of $60,000 a year.
The company, which produces medical isotopes and cancer treatment elements, selected Janesville over Chippewa Falls, Stevens Point and locations in Louisiana and New Mexico.
Construction on the 35,000- to 50,000-square-foot facility won’t begin until the company gets approval from the Nuclear Regulatory Commission, a process expected to take 18 to 24 months, according to Greg Piefer, SHINE’s founder and chief executive officer.
“The community is great. Janesville has a lot of good people, the city leadership was really willing to work with this, and they were adaptive to our needs,” Piefer said. “There’s a feeling there that the city is trying to reinvent itself and we can be a part of that story.”