The gummy bear maker Haribo could get $21 million in tax credits for its planned $242 million manufacturing facility in Kenosha County.
According to our partners at the Milwaukee Business Journal, Haribo would get performance based state income tax credits from the Wisconsin Economic Development Corp. through 2028 based on the number of jobs it creates and how much it spends on things like employee training and buying goods such as equipment from Wisconsin companies.
Haribo announced its plans for a plant back in March, which will be the first North American manufacturing location for the candy maker. Haribo’s North American headquarters is located in Rosemont, Illinois, 46 miles away.
The plant is expected to create 385 jobs and indirectly create another 381 jobs on spin off companies working with or around the plant.
The candy maker is working to purchase property in Pleasant Prairie near I-94 and County Highway Q.
Construction on the 500,000-square-foot plant is scheduled to be done in 2020.