Six months after announcing plans to bring more than 100 jobs to Kenosha County, the FNA Group Inc. announced that it also will relocate its corporate headquarters from Illinois to Pleasant Prairie.
FNA is moving from Elk Grove Village in suburban Chicago to its new $3 million facility at the LakeView Corporate Park.
In December, FNA announced it was locating part of its OEM Industries Division operations from Arkansas to Pleasant Prairie. The company selected Wisconsin after taking part in a site selection process that involved numerous states.
The new facility, which opened earlier this year, is expected to create at least 165 new jobs.
In addition to housing the company’s corporate offices, the 176,000-square-foot facility will enable FNA to manufacture new products, accommodate demand for existing products, and establish an R&D/engineering/product development center.
To support the company’s move and the creation of new jobs, the Wisconsin Economic Development Corporation (WEDC) has authorized FNA to receive up to $700,000 in state tax credits. The actual amount of credits awarded will be contingent upon the number of jobs created.
The Kenosha Area Business Alliance is providing the company with a $1 million loan funded through a combination of revolving loan funds, including one that originated with a contribution from Pleasant Prairie’s Tax Incremental Finance District #2.
