Fischer USA Inc., a division of a larger company that makes high-speed spindles, plans to build a $3 million 10,000 square-foot addition to its current building.
Located at 3715 Blue River Avenue in Racine, the company also plans to hire 20 new employees over the next 15 years. Plans include also buying some of Pierce Woods Park, which the city owns. Switzerland-based FISCHER Spindle Group owns Fischer USA Inc., which has been in Racine since 1941.
“Fischer USA has a long history in the City of Racine,” said Ryan Brath, president and chief operating officer at Fischer USA. “We appreciate the City’s support in our company’s expansion project. Our company strives to be a good neighbor and corporate citizen. It is our goal to continue our presence and investment in the City of Racine.”
The manufacturer worked with the City of Racine and the Racine County Economic Development Corporation on its expansion plans. The city plans to sell 32,760 square feet of Pierce Woods Park, which abuts the current facility.
“Retaining and helping our existing businesses is important to the economic success of the City. With City assistance, this proposed project will secure ischer in the City and allow them to continue to grow here, creating jobs and maintaining their investment in our community,” said Racine Mayor John Dickert.
According to a press release from RCEDC, the land purchase is critical to the project because Fischer USA has already been fully built out at its current location.
“The company considered many options to meet its expansion needs including purchase of adjacent sites and review of relocating to sites outside of the City of Racine,” the press release reads.
Fischer USA employs 60 full-time workers, which make products used in multiple industries including aerospace. The Racine Common Council is expected to refer the matter to the Parks and Recreation Committee, and the Finance and Personnel Committee on Jan. 17.