Seda International Packaging Group. based in Naples, Italy, has announced its plan for U.S. expansion and purchased the site of the first North American operation in Racine County, Wisconsin. Seda is buying a 323,610-square-foot warehouse and manufacturing facility in Park 94, at 12501 Globe Drive, according to Chicago-based developer HSA Commercial Inc. While a purchase price for the facility was not disclosed, Seda did say that it expects to make a $76 million investment in local operations.
Wisconsin will prove $5.7 million in tax credits to Seda and a $1.5 million Community Development Block Grant Forgivable Loan. Governor Jim Doyle spoke to an audience at the Center for Advanced Technology and Innovation (CATI) in Sturtevant and noted that the Seda expansion will create 189 new jobs.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment