Generac Announces Expansion

Generac Power Systems Inc., a manufacturer of power generation and engine-powered products, and the Wisconsin Economic Development Corporation (WEDC) announced that a WEDC award of up to $10 million in Enterprise Zone Tax Credits through 2021 will support the company’s growth plans at its Waukesha, Wis.-based global corporate headquarters and manufacturing facilities throughout Wisconsin, a project expected to create at least 400 jobs over the next five years.

Generac plans to invest more than $73 million in building renovations and equipment in a growth plan that will encompass its facilities in Waukesha, Oshkosh, Jefferson, Eagle, Whitewater and Berlin, which are all in Wisconsin. The plan calls for the expansion of Generac’s corporate headquarters, research and development, and production operations in Wisconsin.

“As we’ve grown and added facilities throughout Wisconsin, it became clear that we needed to invest in a cutting-edge space at our corporate headquarters allowing us to dramatically advance our key product development and engineering activities,” said Aaron Jagdfeld, president and CEO of Generac. “We’ve been on our current campus since 1965, but a lot has changed since then. This project will help us realize efficiencies at our headquarters facility that will drive continued innovation.

Jagdfeld added that particular emphasis would be placed on advanced research and development capabilities, including the addition of equipment and technologies to enable faster prototyping and testing of products in-house. “These investments will allow us to quicken the pace of our product development cycles, which is critical to remaining at the forefront of the industries we serve.”