Pratt Industries chooses Wisconsin for its 13th US Facility, creating 140 full-time jobs
The
Beloit community received welcome news this week, as we were pleased to join
local leaders and company officials from Pratt Industries to celebrate the
grand opening of its new Beloit factory in the Gateway Business Park. The
56-acre site represents an investment of nearly $60 million by Pratt Industries,
and the company is committed to providing 140 full-time jobs at the facility
when it reaches full capacity.
As
an international leader in paper and packaging, Pratt Industries had numerous
options when it came to establishing operations in the Midwest, and their
decision to expand here in Wisconsin is another indication that our reforms are
working. We applaud the company’s decision to take this step and look forward
to working with them in the years to come as they support good manufacturing
jobs and continue to invest in and grow their company here in Wisconsin.
The
Wisconsin Economic Development Corporation (WEDC) viewed this as a highly
valuable and competitive project. In order to encourage Pratt Industries’ $52.5
million investment to establish operations in Beloit, WEDC’s Awards
Administration Committee approved a $1.75 million Business Opportunity Loan
Award as well as a $2.4 million Jobs Tax Credit Award in May 2015.
The
350,000 square-foot facility is the company’s 13th U.S.-based
facility and is expected to produce 600 tons of recycled boxes every day.
March Facebook Live
Yesterday, I hosted my March Facebook Live event and had a chance to answer your questions directly.
And per usual, you asked some good ones. Watch
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We enjoy sharing all the great news about our state with you. It is an honor to serve as your Governor and represent the people of Wisconsin.
Sincerely,
 Governor Scott Walker
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