What's Happening?
Yaskawa America Inc. has announced a $180 million investment in Wisconsin, consolidating its Illinois and Wisconsin facilities into a single campus in Franklin. This move will create over 700 high-paying jobs and relocate the company's North American headquarters and training facility from Waukegan, IL. The investment is part of Yaskawa's growth strategy, driven by innovations in robotics, motion control, AC drives, and solar inverters.
Why It's Important?
Yaskawa America's investment in Wisconsin is a significant boost to the state's economy, particularly in the advanced manufacturing sector. The creation of 700 jobs will provide substantial employment opportunities, supporting local communities and enhancing the state's reputation as a hub for manufacturing innovation. This development aligns with Wisconsin's efforts to attract global companies and strengthen its position in the manufacturing industry.
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What's Next?
The Wisconsin Economic Development Corporation is supporting the project with up to $18 million in performance-based tax credits. As Yaskawa America consolidates its operations, the company will focus on expanding its manufacturing capabilities, including the production of industrial robots in Franklin. This expansion is expected to drive further growth and innovation, potentially attracting additional investments and partnerships in the region.
