What's Happening?
Yaskawa America Inc. has announced a significant investment of at least $180 million in Wisconsin, which is expected to create more than 700 new high-paying jobs. This investment will consolidate Yaskawa's facilities in Illinois and Wisconsin into a single campus located in Franklin, Wisconsin, over the next 8-10 years. The project includes relocating the company's North American headquarters and training facility from Waukegan, Illinois. Governor Evers expressed enthusiasm for Yaskawa's decision, highlighting the capital investment and job creation in Southeastern Wisconsin. The expansion is part of Yaskawa Electric Corporation's 110th anniversary celebrations globally and Yaskawa America, Inc.'s 58 years of operations in the United States. The company manufactures industrial robots, motion control products, and solar inverters for various industries, and the new campus will include headquarters, training, manufacturing, and robotics production facilities.
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Why It's Important?
This investment by Yaskawa America underscores Wisconsin's growing reputation as a hub for advanced manufacturing and innovation. The creation of over 700 jobs will have a significant positive impact on the local economy, providing high-quality employment opportunities. The consolidation of Yaskawa's operations into a single campus in Franklin will enhance operational efficiency and foster innovation in robotics and motion control technologies. The Wisconsin Economic Development Corporation's support through performance-based tax credits further highlights the state's commitment to attracting and retaining global companies. This development positions Wisconsin as a leader in advanced manufacturing, potentially attracting more businesses to the region.
What's Next?
The next steps involve the gradual consolidation of Yaskawa's facilities over the next 8-10 years, with the new campus in Franklin becoming a central hub for the company's North American operations. The Wisconsin Economic Development Corporation will monitor the project's progress to ensure the performance-based tax credits are aligned with job creation and capital investment targets. As Yaskawa begins manufacturing robots in Franklin, the company may explore further expansion opportunities or partnerships within the region. Stakeholders, including local government and business leaders, will likely continue to support initiatives that enhance Wisconsin's manufacturing capabilities.
