German hand tool manufacturer Stahlwille is expected in September to open a sales and service center in the Grandview Business Park.
The company manufactures hand tools for a number of industries, including aerospace, energy, transportation and more.
A press release Sunday evening from the Racine County Economic Development Corporation detailed how a trip with Gov. Scott Walker and the Wisconsin Economic Development Corporation to Europe in April with the goal of attracting international companies to Racine County led to Stahlwille leaders choosing Grandview.
“The attraction of this company is a direct result of RCEDC’s continued focus to attract Foreign Direct Investment (FDI) and international companies to Racine County,” Logan Dawson of RCEDC said in an email.
Specifically, attending Hannover Messe – the world’s largest industrial trade show – to recruit businesses for location in Racine County led to a conversation between Dawson and Jim Paetsch, the Vice President of Corporate Attraction and Expansion for the M7 group, and Frank Hansen from Stahlwille. During their meeting, Hansen said Stahlwille was looking to locate a sales and service center in the Chicago area.
Racine County officials got to work immediately, including arranging contact for Hansen with the German-American Chamber of Commerce of the Midwest (GACC Midwest), and helping coordinate a visit just two weeks after their initial meeting.
“The decision to locate in Racine County was made based on a number of key factors. Stahlwille’s management team was interested in a location in northern Chicago due to a large pool of potential customers in the market,” Hansen said in the release. “After researching differences in taxes, labor laws, financial outlooks and more, the company decided to seek a location in Wisconsin instead.”
Information about how many jobs and what kind will be created as well as information about financial incentives has been requested from RCEDC. We will update this story when we hear back from them.
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