Power manufacturer Generac has announced plans to expand its presence in Wisconsin by adding 700 new jobs and investing $53 million in its operations.
The Waukesha-based Generac said demand for its generators and other power products is soaring due to an aging electricity grid and extreme weather.
The state will provide $19 million in tax credits if Generac meets hiring and capital investment goals.
The company’s $53 million investment includes the recent expansion of its corporate operations into the Village of Pewaukee with the purchase of a new building, plus the creation of 700 new manufacturing and office jobs throughout the state by the end of 2024.
