By Rock County WI Development Alliance - April 26th 2023
MILTON
Charter Next Generation (CNG) will be expanding its footprint in Milton's Crossroads Business Park, as well as making other strategic investments throughout the company's other WI holdings too. While the initial Milton expansion will be approximately 200,000 SF, future production and warehousing capacities have been factored into CNG's site plans. When fully implemented, CNG's total investment and staffing commitments to the Badger State are projected to be in the range of $270 Million and 340 jobs, respectively. Construction activities at the Milton location is slated to begin this year.
CNG is North America’s leading independent producer of high-performance, specialty films used in flexible packaging and other end-use markets. Known for sustainable, innovative products and world-class manufacturing capabilities, the company’s quality and expertise are unsurpassed. Its sustainability-first mindset and relentless pursuit of excellence make it an ideal partner to help brand owners reach their long-term sustainability goals. In addition to serving as CNG's corporate office, its Milton location has historically been one of the company's largest plants - as measured by production capacities. CNG operates over a dozen/warehousing locations in four states, and employs approximately 1,900 employees.
To facilitate this development, the City of Milton is providing a Tax Increment Financing package. Meanwhile, a performance-based, state (Enterprise Zone) income tax package has been awarded by the Wisconsin Economic Development Corporation.
According to James Otterstein, Rock County Economic Development Manager, "This project continually reinforces the value proposition and related business case benefits that manufacturing companies realize by planting - as well as growing - their operations in the Janesville-Beloit MSA."