The life science arm of a German company with global operations is planning to create 175 jobs in Wisconsin over the next three years with assistance from WEDC.
The Wisconsin Economic Development Corp. is granting a maximum of $1.25 million in tax credits to MilliporeSigma to help it expand its facilities in Sheboygan Falls. Those credits can be earned through capital investment and job creation, and the job creation tax credits are tied to the wages paid for those new jobs.
MilliporeSigma will receive tax credits equal to 10 percent of eligible payroll, according to Mark Maley, communications director for WEDC. And to keep the tax credits it earns through job creation, the company will have to sustain those jobs for at least two years after the initial three year period.
The company already has four manufacturing locations in Wisconsin, as well as its Milwaukee-based North American Central Distribution Center. The 80,000-square-foot expansion will accommodate the consolidation of flavors, fragrances, stains and dyes operations in Milwaukee and Europe.
“The expansion of the Sheboygan facility will play an important part in leveraging our existing expertise to serve our broader business around the world,” said Udit Batra, CEO for MilliporeSigma.
MilliporeSigma sells more than 300,000 products, ranging from water purifiers, reagents and antibodies to large mixing vats and microbial air monitoring systems. These products are used in industrial microbiology and biopharmaceutical manufacturing, as well as in research labs all over the country. Read the full story here.