Wisconsin Economic Development Corporation assistance will support company’s $19.7 million investment.
Source: Wisconsin Economic Development Corporation
MADISON, March 24, 2014 – The Wisconsin Economic Development Corporation (WEDC) announced Monday it is providing a $1 million loan to the Biery Cheese Co. for a facility upgrade that will solidify the company’s commitment to Wisconsin.
The Ohio-based Biery Cheese, which has operations in the Town of Sherry in Wood County, plans to invest $19.7 million in Wisconsin, including equipment and upgrades to its recently purchased facility in nearby Plover. Once complete, the project is expected to create 31 full-time jobs and retain 111 positions at the new location.
Biery, a cheese packaging, processing and distribution company, has been operating in Wisconsin since November 2013, when it purchased the Kickapoo Valley Cheese Corp. in Sherry.
"There is no question that the cheese industry plays a significant role in Wisconsin’s economy, and Biery’s decision to expand its operations in the state will only strengthen the industry," said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development organization. "WEDC is pleased to assist this family-owned company as it readies its operations for the future."
"First and foremost, we would like to thank the WEDC for its assistance and commitment to our company. Our dedicated teammates, strategic suppliers and valued customers have all played a role in our decision to participate in the heart of the dairyland," said Ben Biery, CEO of Biery Cheese, which has been in the family for four generations. "It is a tremendous honor to be able to contribute to the area and invest in our people so that we can prepare for future strategic growth opportunities."
The Biery Cheese Co. was founded in 1929 by Norman F. Biery, who started making Swiss cheese in Louisville, Ohio. The company has evolved from a manufacturing company to one that now provides chunks, shreds, slices, diced, cubes, and snacking cheeses to its customers around the world.
WEDC has agreed to provide the company with a $1 million forgivable loan. If the company retains the 111 existing jobs, creates at least 31 new ones, and spends at least $19.7 million in capital investment by the end of 2018, the loan will be forgiven.
WEDC leads economic development efforts for the state by advancing Wisconsin’s business climate. WEDC nurtures business growth and job creation by providing resources, technical support and financial assistance to companies, partners and communities in Wisconsin. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation and international business development. Together with more than 600 regional and local business development partners, it represents a highly responsive and coordinated network. Visit www.inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.