Vonco Products, which has made flexible packaging for such products as Jelly Belly and O Cedar, is moving its 86-person headquarters and operations from Lake Villa, IL, to Salem, WI, in Kenosha County.
Vonco, founded in 1955, had outgrown its Lake Villa facility. It considered expanding in Lake and McHenry counties in Illinois but opted for Kenosha County across the state border, Vonco President Keith Smith says.
Wisconsin "put together the most competitive package,. It's a favorable climate for manufacturers," he adds.
He said he was "disappointed" to leave Illinois but adds, "Wisconsin is further along and more able to help manufacturers" in such areas as incentives, taxes and the regulatory environment overall.
The company expects to invest more than $4 million in equipment at the facility over the next three years, according to a news release from the Wisconsin Economic Development Corp. Vonco could receive up to $500,000 in state tax credits over the next three years, depending on how many jobs it creates.
Vonco will be the anchor tenant of a new business park. It will lease the facility and have the option to buy it. It's expected to move in June 2017. The town of Salem is also offering tax breaks to support the business park.