WI: Jagemann Stamping Completes $18.9M, 100-Job Manitowoc Expansion
14 Nov, 2013
Jagemann Stamping Company has completed its expansion project in Manitowoc, Wisconsin. The project, announced in April, includes a 50,000-square-foot building addition and up to 100 new jobs.
“We are excited with the progress of this project, which will allow us the necessary space and equipment to achieve our growth goals and better meet customers’ needs,” said Tom Jagemann, CEO.
Jagemann currently has locations in Manitowoc and Murfreesboro, Tenn. The company is a leading manufacturer of deep drawn, progressive and fine blanking metal stampings.
The expansion project, which began in May 2013, is the result of partnerships with the City of Manitowoc, the Wisconsin Economic Development Corporation, and Jagemann’s financing partners.
“This $18.9 million expansion is a huge boost for the Manitowoc area,” Governor Scott Walker said. “The company is well on its way with recruiting efforts, as well as the hiring and training of new employees.”
The company is eligible for $620,000 in tax credits through the Wisconsin Economic Development Corporation (WEDC).
“We are pleased to partner with Jagemann for its expansion to accommodate additional capacity and facilitate increased international penetration,” said Reed Hall CEO and Secretary of WEDC.
The tax credits will be distributed annually based on the number of new, full-time positions created over a three-year period.
Founded in 1946 and headquartered in a state-of-the-art facility in Manitowoc, Jagemann Stamping Company is a family-owned, full service stamping company recognized worldwide as a leading manufacturer of deep drawn, progressive and fine blanking metal stampings. For more information on the company, visit www.jagemann.com or call (888) 337-7853.
About 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.