WI: Dynamic Fabrication and Finishing to Invest $15M, Add 75 New Jobs
28 Oct, 2014
In a project expected to create 75 new jobs over the next three years, Dynamic Fabrication and Finishing LLC is embarking on a $15 million upgrade of its operations in Eau Claire.
Dynamic Fabrication, which provides a wide array of services to manufacturers and OEM’s, is undertaking the project to accommodate growth in sales and to support its new fitness equipment product line. In addition to the capital investment, the company will spend more than $900,000 on job training for its employees.
“I applaud Dynamic Fabrication for making this level of investment in its operations as well as providing training to its workers,” said Governor Scott Walker. “A little more than three years after it was founded, Dynamic Fabrication is continuing to grow in Wisconsin, thanks in part to the assistance it is receiving from the state. This is just one example of how we’re helping early-stage companies throughout Wisconsin get to the next level.”
To help secure the new jobs, the Wisconsin Economic Development Corporation (WEDC) has authorized Dynamic Fabrication to receive up to $1.1 million in tax credits over the next three years. The actual amount of credits received will depend on the number of jobs created and the amount spent by the company on job training.
“This project is good news for Eau Claire and the entire region as it will help strengthen this growing company,” said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development organization. “Since 2012, WEDC has provided Eau Claire County companies with $3.8 million in awards that are expected to create or retain more than 800 jobs—and we are glad to be able to add Dynamic Fabrication to that list.”
“We are pleased to announce Dynamic is growing and adding new career opportunities,” said company President Jason Tambornino. “Equally exciting is the support provided from WEDC, which provides the catalyst to help aid in our growth by providing such programs. We look forward to working with WEDC, the city of Eau Claire, and our current and future associates during these exciting times.”
“The City is appreciative of WEDC's financial incentive, and its recognition of the importance of growing businesses in our part of the state,” said Eau Claire Common Council President Kerry Kincaid. “The entire region benefits from this business expansion and job creation. We look forward to working together with WEDC on many future economic development projects.”
Dynamic Fabrication and Finishing LLC was founded in 2011 as a start-up company specializing in contract steel fabrication, primarily sheet cutting and welding. In 2012, the company began growing its customer base, and added additional equipment and employees. In 2013, Dynamic began developing and manufacturing its own product line of fitness equipment. The company, which has about 50 employees, now designs, manufactures and sells strength products and storage systems specifically designed for the strength, fitness, and wellness industries.
About the Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing Wisconsin’s business climate. WEDC nurtures business growth and job creation by providing resources, technical support and financial assistance to companies, partners and communities in Wisconsin. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation and international business development. Together with more than 600 regional and local business development partners, it represents a highly responsive and coordinated network. Visit www.inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.