Fitchburg appliance company’s $70M expansion to create 100 jobs, state jobs agency says
Project supported by $1M state income tax credits
FITCHBURG, Wis. — A Fitchburg appliance company is expanding its operations with a new multimillion-dollar facility purported to create dozens of new jobs, according to a news release.
Sub-Zero Group appliances, which makes refrigeration, cooking and dishwashing appliances, will create a new 350,000-square-foot facility, according to the Wisconsin jobs agency, the Wisconsin Economic Development Corp.
In a news release Tuesday morning, WEDC said the $70 million project will create 100 jobs over the next three years.
WEDC will support the project with $1 million state income tax credits over the next four years, which is contingent upon the number of jobs created and the amount of capital investment during that period, WEDC officials said.
In addition to the 100 jobs expected to be created by Sub-Zero, an economic modeling study estimated that the project could indirectly generate 122 additional jobs in the region, according to the release. The combined 222 new jobs are expected to generate $2.8 million in state income tax revenue over a five-year period.
Sub-Zero, a family-owned company founded in 1945, is headquartered in Madison and operates manufacturing facilities in Fitchburg and Goodyear, Arizona, the release said. The new facility in Fitchburg will be a research and development center “that will drive innovation for next-generation products.”
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