WAUSAU, Wis. (WSAU) - The first step has been made to attract a manufacturing business to Wausau. The city’s Economic Development Committee approved a developers agreement Thursday with Southern Stretch Forming, which makes custom formed metal products.
City Councilman and committee member William Nagle says Southern Stretch Forming would put over a million dollars into the purchase and outfitting of the former Clover Industries building at 7555 Stewart Avenue, and the city would offer a grant for some of that equipment and renovation work. “The city would provide a grant to Southern Stretch Forming for equipment and renovation of the building, and purchases totalling $160,000.”
Southern Stretch Forming has operations in other states, including Texas and California. Nagle says they would be working with Linetech, which utilizes their products. He says this is a specialty that is hard to find, and no other Wisconsin firm offers it. “They actually do stretch forming and fabrication of metal, which is an industry for which there is no existing corporation in central Wisconsin. The nearest corporation that provides stretch forming and fabrication of metal is in St. Louis, Missouri.”
The developers agreement has passed the first committee, but Nagle says there are still two more steps before the deal is finished.. “Economic Development Committee thought it was a very, very good opportunity for the city and for this industry, and it will now go to Finance Committee on Monday for the allocation of the $160,000, and then it will go on to Council.”
The full package is expected on the November City Council agenda.
Nagle says Southern Stretch Forming will start with a small number of employees, but is anticipating rapid growth.