Madison-based appliance company Sub-Zero Group said Monday it plans to create 100 jobs as it expands in Fitchburg with a new research and development facility.
Sub-Zero, which designs and builds refrigeration, cooking and dishwashing appliances, is planning a $70 million project to create the facility adjacent to its current Fitchburg location, according to Wisconsin Economic Development Corp.
WEDC will award Sub-Zero up to $1 million in state income tax credits over the next four years, provided the company meets job creation and capital investment goals.
The Fitchburg City Council also approved $5.5 million in tax incremental financing for the expansion. The money is also tied to job creation rather than dispersed up front.
“This investment will allow Sub-Zero to position itself for continued growth and success, and at the same time, create family-supporting jobs in the Madison area,” WEDC CEO Mark Hogan said in a statement.
The planned 350,000-square-foot facility at the northeast corner of Seminole Highway and Sub-Zero Parkway would focus on research and development for new appliances, according to WEDC.
In its application for WEDC credits, Sub-Zero said the average employee at the new facility would make $104,000 a year, WEDC spokesman David Callender said.
A representative for Sub-Zero did not return requests for comment Monday.
Sub-Zero designs and builds refrigeration equipment and cooking and washing appliances in Fitchburg and Goodyear, Arizona, under the brands Sub-Zero, Wolf and Cove.
Founded in 1945, Sub-Zero has been headquartered in the Madison region for nearly 75 years.
“This adds to their presence,” said Michael Zimmerman, Fitchburg economic development director. The development “continues to exemplify their commitment to Fitchburg, the Madison area and Wisconsin.”
In 2015, the company built a $62 million addition to one of its Fitchburg plants to accommodate production of its then-new Cove dishwasher line. The project received about $5 million in state and local incentives through TIF funding as well as state tax credits.
The following year, Sub-Zero secured expanded TIF funding for a new training center for another $1 million.