The WEDC Board of Directors has approved up to $15.5 million in performance-based tax credits for Kikkoman Foods’ planned $800 million expansion, Gov. Tony Evers announced.
That total project dollar figure covers expanding the Japanese company’s existing soy sauce brewing plant in Walworth and building a new 240,000-square-foot facility in Jefferson, according to yesterday’s release. These efforts are expected to create 83 new jobs over 12 years.
Evers in a statement yesterday highlighted the economic relationship between Wisconsin and Japan, noting the state has more than $700 million in exports to Japan each year. Kikkoman Corporation in 1973 opened Kikkoman Foods Inc. in Walworth, making the city home to one of the first production facilities built in the United States by a Japanese company.
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