Chicago Fittings Corporation, a specialty fitting manufacturer that designs and services a number of industrial markets, announced that it is relocating to Beloit’s Gateway Business Park. The company is building a new 30,000 +/- SF (expandable) facility at the southeast corner of the Gateway Boulevard and Colley Road intersection. The project, which is scheduled to break ground in Q2 2015, is expected to reach full operations by the second half of 2016. Staffing levels are initially pegged at 15 with additional growth projected throughout 2020.
“After thoroughly evaluating various operational factors, Beloit’s Gateway Business Park provided the optimal solution to meet our company and customer needs,” said Joseph Tarquini, Chicago Fittings President / Owner. “We appreciate the responsive, professional support offered by the community’s economic development team and are truly excited to join a community within a state that is committed to the growth and development of small business.”
Since 1930, Chicago Fittings has been providing patented engineered solutions for low-to-high pressure industrial hydraulic applications focusing within the heavy equipment and diesel engine manufacturing sectors. In addition, Chicago Fittings is witnessing significant growth within its natural gas and propane distribution markets. With their patented X-Riser® and Sealastic™ technologies, Chicago Fittings provides the most reliable, safest and most cost effective method for main to meter distribution systems. The company is ISO 9001-2008 certified and its products possess their industry sector’s required UPC/IPC listings. For additional information, visit www.chicagofittings.com .
Beloit City Manager, Larry Arft noted how pleased the City is to welcome Chicago Fittings. Mr. Arft went on to state, “We will be working with the company as needed to facilitate construction, and are confident they will be as successful as other corporate entities that have selected a Gateway Business Park location.”
The City of Beloit is facilitating this project through a Tax Increment Financing package.
To help secure the project, the Wisconsin Economic Development Corporation (WEDC) has authorized Chicago Fittings to receive up to $175,000 in state tax credits over the next four years. The actual amount of credits received will depend upon the number of jobs created.
“WEDC is pleased to assist Chicago Fittings in making the move from Illinois to Wisconsin,” said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development agency. “This is yet another indication of the strong business climate and quality workforce in Wisconsin and Rock County.”
Design, build and various other construction related services for this project are being provided by Klobucar Construction Co., Inc.
According to James Otterstein, Rock County Economic Development Manager, “The positioning, as well as preparation, undertaken by our public and private sector partners continue to generate positive outcomes throughout the Janesville-Beloit MSA.”