Charter Next Generation, a producer of sustainable, innovative material science solutions and world-class manufacturing capabilities, will expand its operations in Milton, Wis., adding a second facility. The $270 million project is expected to create 340 jobs over the next eight years.
“Charter Next Generation is constantly seeking innovative opportunities that align with our unwavering sustainability-first mindset and our mission to deliver best-in-class material science solutions.” said Kathy Bolhous, CEO of Charter Next Generation. “The partnership with WEDC allows us to expand our product offering in Milton. It also ignites an exciting opportunity to boost our employee base and benefit the Rock County infrastructure, and eventually all of Wisconsin.”
Under a proposal approved by the Board of Directors of the Wisconsin Economic Development Corporation (WEDC) board and submitted to the Legislature’s Joint Committee on Finance for review, Charter Next Generation is eligible for up to $5.6 million in performance-based Enterprise Zone tax credits over the next eight years if it creates at least 341 new jobs and invests at least $270 million.
In addition, the city of Milton is supporting the project with a Tax Incremental Finance Development Agreement that would provide up to $1.6 million over a ten-year period. Additionally, the City will be undertaking several infrastructure projects to further advance the construction of the new facility.
“Wisconsin Economic Development Corporation is pleased to partner with Charter Next Generation as it establishes a second site for its operations in Milton,” noted Missy Hughes, secretary and CEO of WEDC. “CNG’s commitment to creating opportunities and building strong communities in Milton and throughout Wisconsin is a win for our entire state.”
Charter Next Generation is one of North America's leading producers of high-performance, specialty films used in flexible packaging. The company current;y has fourteen facilities across the U.S.