Banker Wire currently has 135 employees and plans to
hire more staff that will make up a portion of the
900-plus jobs the village expects to generate with the
new facility over 20 years, according to John Weidl,
village administrator and economic development director.
Banker Wire’s new facility is expected to be fully
operational by March of 2019.
MUKWONAGO — Mukwonago will begin developing the Sugden
Farms business park in the coming months after the
village spent $3.28 million on 115 acres of farmland
near Interstate 43.
Local manufacturer C.I. Banker Wire & Iron Works will be
the first company to inhabit the park later this year
with plans to construct an 182,000 square-foot facility
just two miles from the company’s current location in
business park will be located south of the Highway 83
and I-43 interchange near Wolf Run and Dewey Drive,
according to John Weidl, village administrator and
director of economic development. Weidl said
constructing the business park and keeping Banker Wire
local is another example of how the village works to
cultivate businesses and economic development in
the process of fostering economic growth and finding
businesses that would fill the park began years ago,
said Weidl. Each year, village officials sit down with
local business owners to discuss opportunities for
growth, and how the village can accommodate their needs.
“It’s not just trying to figure out who’s building new,
but it’s to help businesses that are growing in any
stage,” Weidl said. “We want to be a first point of
contact if businesses are thinking of relocating or
harnessing the power of the interstate, Weidl said
Mukwonago can attract companies and generate the
workforce the community needs. With a great residential
community, school district and growing industrial
sector, Mukwonago can use these elements to strengthen
one another, Weidl said.
have the blending of a great residential community with
the location of an interstate community,” Weidl said.
“It’s the duality of our economy.”
village will be both the owner and developer of the
business park. Construction may begin as early as May or
June and the village will start contract bids for
utilities and the foundation of the park next month.
village will pay for the purchased land and business
park infrastructure through a tax incremental financing
district. Both the land and infrastructure cost
approximately $11.2 million but will be paid for through
property taxes generated by the estimated $68.7 million
in new land value in the business park.
Weidl said the village hopes to sell the land in the
business park for $50,000 to $125,000 with higher prices
for land with full utility service located closer to
Highway 83. Where the acreage has a lower price point,
the buyer must build his or her own stormwater ponds or
control systems, he said.
business park will have all utilities and a total of
nine sites ranging in size from 3.5 to 20 acres by
Dec.31, 2018. Weidl said the village already has at
least a dozen candidates already in Mukwonago that may
be looking to expand in the near future, but he's
considering prospects outside Wisconsin.
“We're in the process of vetting organizations that can
assist Mukwonago with enlarging the scope to target
businesses outside of Wisconsin,” he said.