Bevco Engineering Co. in Sussex has announced that it will invest more than $680,000 to equip its facility, creating up to 21 new jobs.
The company is eligible for up to $120,000 tax credits through the Wisconsin Economic Development Corp. The job retention tax credits will be distributed annually in direct relation to the number of jobs retained over a three-year period, based on the number of new, full-time positions created.
“This expansion is another example of Wisconsin’s improved economy and the confidence companies have investing in their businesses to take advantage of new opportunities,” said Gov. Scott Walker. “This expansion will allow Bevco Engineering to upgrade equipment and improve competitiveness and delivery to customers.”
Bevco is adding new wire processing equipment, which will allow the company to supply electrical control panels with lower labor costs as well as quicker delivery schedule. The investment will automate much of its production.
