City of Fitchburg
Sub-Zero Group will get up to $5.5 million in taxpayer assistance toward the construction of a new facility on Seminole Highway.
The Common Council unanimously approved the funding for the Madison-based appliance manufacturer, just under 10 percent of what’s expected to be a $60 million project, as part of a developer’s agreement Tuesday. The city expanded Tax Increment Financing District No. 9 in February to open the possibility of this agreement, as well as one with Promega, which is building its own facility nearby.
Sub-Zero, which has its main manufacturing facility in a campus off McKee Road, will build a 350,000 square foot facility for research and development, testing, manufacturing and office space. The expansion is expected to add 100 jobs, according to the TID expansion document from February.
TID 9 was created in 2015 to keep Sub-Zero here with an expansion of its existing campus, as the company had publicly considered a move to Kentucky.
As part of the agreement, the project must be “substantially complete” by Dec. 31, 2021.
If the project ends up with a cost below $60 million, the city’s contribution would be proportionately reduced.