Ehlke/Conley News Service
exterior of J.W. Speaker in Germantown.
GERMANTOWN - The
family-owned specialty lighting manufacturer J.W. Speaker announced
it's expanding the manufacturing facility with a $46
million project expected to create 100 jobs at its
square-foot project is being helped along by the
Development Corp., according to a news release from J.W. Speaker.
The project is based on current and projected growth.
congratulate J.W. Speaker on this major expansion and commend the
company for its continued investment in the state of Wisconsin,”
said Mark R. Hogan, secretary and CEO of the Wisconsin Economic
Development Corporation, in the news release. “This project
further strengthens the Milwaukee area’s economy and opens up new
opportunities for workers throughout the region.”
The WEDC is
supporting the project with as much as $450,000 in state income tax
credits during the next three years. The actual amount of tax
credits the company could receive will be dependent on the number of
jobs created along with the amount of capital investment during that
“They need to
create 80 jobs to get any tax credit at all,” said Mark Maley,
public affairs and communications director at Wisconsin Economic
The credit will
also be somewhat based on payroll and pro-rated in relation to that
and the number of jobs created.
“All of our
tax credits ... you have to earn them in order to receive them,”
already healthy Wisconsin business environment, we found the state
and local funding agencies very welcoming and supportive of our
expansion plans,” J.W. Speaker co-president Jamie Speaker said in
a news release.
Maley said the
contract with J.W. Speaker also requires the company to keep the
projected 100 jobs created from the project for two years after the
last of the tax credits are received. About 60 will be labor
positions on assembly lines with the remainder being management,
engineers and support staff, he said.
Along with the
100 jobs expected to be created by the company’s expansion, an
economic modeling study estimated that the project could indirectly
facilitate the creation of 75 other jobs in the region.
If this goal
were met, the 175 new jobs could generate more than $1.7 million in
state income tax revenue within a five-year period, according to the
The expansion is
expected to give the company flexibility for its current operations,
help alleviate capacity constraints, and allow for additional
expansion in the future, the release said.
This proposal is
the largest project the company has undertaken.
employs more than 400 people.