New development in Fox Valley receives support from WEDC

MADISON, WI. Oct. 24, 2017 – The Wisconsin Economic Development Corporation (WEDC) announced today that it has provided state tax credits to Nestlé Dreyer’s Ice Cream Company, a division of Nestlé USA (“Nestlé”), to support a distribution center expansion in Little Chute.

Construction is now completed on a 300,000-square-foot cold storage distribution facility that Nestlé will lease from Hickory Drive Holdings LLC. The new facility, located on County Highway N north of I-41, is currently operational.

Nestlé already operates a production facility in Little Chute.

“Nestlé had other lease options in the Midwest for this facility, and I thank the company for making the commitment to expand in Wisconsin,” said Mark R. Hogan, secretary and CEO of WEDC, the state’s lead economic development organization. “With this project, Nestlé joins the growing list of international companies that see the value of establishing or expanding operations in Wisconsin because of the state’s pro-business climate and dedicated workforce.”

WEDC authorized Nestle Dreyer’s Ice Cream Company to receive the Business Development Tax Credits over the next three years. The amount of credits to be received is contingent upon the actual number of jobs created and the amount of capital investment during that time.

The Village of Little Chute is also providing tax incentives for the project.

“This announcement only further underscores Wisconsin’s ability to compete in the global marketplace,” said state Rep. and Assembly Majority Leader Jim Steineke, whose district includes Little Chute. “This truly is an exciting opportunity for our area and I’m appreciative of the fact that Nestlé has opted to expand their business right here in Little Chute.”

In addition to the 100 jobs expected to be created by Nestlé, an economic modeling study estimates the project could indirectly generate 66 additional jobs in the region. Those 166 new jobs could generate up to $1.8 million in state income tax revenue over a five-year period.

About the Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing and maximizing opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive environment. Working with more than 600 regional and local partners, WEDC develops and delivers solutions representative of a highly responsive and coordinated economic development network. Visit www.inwisconsin.com or follow WEDC on Twitter @InWisconsin to learn more.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.