Drug company to build new plant in southeastern Wisconsin
Gov. Tony Evers says an Illinois pharmaceutical company plans to build a drug manufacturing plant in southeastern Wisconsin.

Evers announced Wednesday that Lincolnshire-based Nexus Pharmaceuticals, Inc., plans to build the $250 million, 100,000-square-foot facility in Pleasant Prairie.

Construction is expected to begin in August with production starting in 2022. The company expects to hire 77 workers at an average salary of $70,000.

Evers says the Wisconsin Economic Development Corporation has authorized up to $1.5 million in state income tax credits over the next four years for the company contingent on the number of jobs actually created and the amount of capital investment during that period...

SEE ALSO:

Nexus Pharmaceuticals to build sterile injectable production facility in Wisconsin

"Under the first phase of the project, the company will construct a three-story manufacturing facility with an investment of around $85m ..."
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Ken Notes: Average 70K, I want to see the details here. Also note they are talking 10 years out regarding the 250 Million. This is why we need a comprehensive tracking system at WEDC because a year from now no one will remember the details....



- - Volume: 7 - WEEK: 28 Date: 7/11/2019 7:58:50 AM -