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$6 Million Incentive Package for Natural Foods Distributor

From a press release from RCEDC:

We had to be very creative so there wasnt any negative effect on our taxpayers, Trustee Chris Larsen said. But I think its a testament to Sturtevants commitment to responsible growth that we have an economic e$6 Million Incentive Package for Natural Foods Distributorngine able to make this project happen. copyright dedecms

Sturtevant is funding the incentive package with its tax incremental financing district, which includes the Renaissance Business Park. Created in 1994, the TID is a growth tool available to municipalities that takes property taxes generated by the tenants there and uses that money to pay back the loan that financed the creation of the district. 内容来自dedecms

Sturtevant Village Clerk/Interim Adminstrator Mary Cole, President Steven Jansen and Trustee Chris Larsen sign the development agreement that finalizes the process to bring 220 to 244 new jobs to the village.

本文来自织梦

Committing to this building process is certainly a commitment to sustainability and energy savings, she said. Its also an economic issue, too, because of long-term savings but also because the investment in this building process is financially significant. 本文来自织梦

Enter your tip here and it will be sent straight to Denise Lockwood, Jessica Stephen, Heather Davis, Kaety Jentzen, Keith Bloss, Contributor Aj Randall, Melinda Tichelaar, Paul Holley, Romi Herron, Megan Tomamichel, Paul Sloth, Deb Mohrbacher, Heather Rayne Geyer, Brendan OBrien, and Guest Editor Amy Gilgenbach, Caledonia Patchs (incredibly grateful) editors. 织梦好,好织梦

The villages TID was scheduled to close in 2015, well ahead of its 2023 close date. The UNFI agreement pushes that date out to 2016 now. copyright dedecms

Members of the village Community Development Authority and the Village Board unanimously approved a developerment agreement with UNFI Monday night during a special board meeting. dedecms.com

UNFi will break ground next spring with an expected year-long construction. The building should open in Sprin 2014. 织梦内容管理系统

Were expecting - and the company has indicated this as well - that the operation will grow, bringing more jobs and more value, he said.

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Partly sunny. Highs in the mid 30s. Southwest winds 5 to 15 mph increasing to 15 to 20 mph in the afternoon.

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Jobs are the name of the game and we looked at what we had to do to attract this quality company, said Village President Steve Jansen. This entire team has really done a heck of a job.

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These three points come to about $5.6 million, leaving approximately $400,000 left over, which the village has agreed to pay back to UNFI for costs the company incurs filling the new positions. 织梦好,好织梦

The development agreement spells out $6 million in incentives directly from the village plus an additional $3.5 million from the Wisconsin Economic Development Corporation. Some of what goes into the villages incentive package includes: dedecms.com

Advertise on Patch and reach potential customers in your backyard and beyond. Click here for more information. dedecms.com

LEED (Leadership in Energy and Environmental Design) certification for this distribution cility. LEED is a third-party certification program which promotes a whole-building approach to sustainability by recognizing performance in five key areas: sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.

copyright dedecms

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This company has a reputation for being one of the best companies on a number of fronts, he said. We couldnt ask for a better corporate citizen to move to Sturtevant. 内容来自dedecms

Sturtevants newest commercial resident is expected to break ground next spring and open for business in 2014. 内容来自dedecms

UNFI is excited to partner with the Village of Sturtevant to construct our new cility in Wisconsin. We feel Wisconsin is the optimal location to expand our cility network and reduce our operating costs, while continuing our commitment to decreasing our carbon footprint, commented Steve Spinner, President and Chief Executive Officer in the release. 织梦好,好织梦

Related Topics:New Jobs, Racine County Economical Development Corporation, Tax Incremental District, and United Natural Foods

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Its official. United Natural Foods, Inc. will take up residence in Sturtevant starting next spring at Highways 11 and H.

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Learn more »

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copyright dedecms

The new UNFI building will measure some 425,000 square feet, Jansen said, but that is only the first phase. 内容来自dedecms

Larsen said UNFI is exactly the corporate citizen the village needs. 织梦好,好织梦

They were so impressed with Sturtevant and the team here that the village quickly rose to the top of possibilities, he said. UNFI is happy to be here. dedecms.com

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If you want to help local causes, or your cause needs local help, your next click should be right here. 织梦内容管理系统

In exchange, UNFI agrees to give primary employment consideration to Racine County residents with a guarantee of 220 jobs to start and a total development value of no less than $32 million plus an additional $9.2 million for equipment and personal property.

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Learn more »

内容来自dedecms

内容来自dedecms

Attorney John Bjelajac is UNFIs local legal counsel. He said the company is thrilled to come to Sturtevant. 织梦好,好织梦

$630,000 for construction of necessary infrastructure like storm water management, highway improvements and a swale to protect a residential neighbor; and 内容来自dedecms

Jennie Trick, deputy director of Racine County Economic Development Corporation, said because UNFI plans to build a LEED gold-certified building, it shows the companys commitment to energy savings and to investing long-term in a Sturtevant location.

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