HARIBO SELECTS PLEASANT PRAIRIE, WISCONSIN FOR ITS FIRST U.S. MANUFACTURING FACILITY

The Village of Pleasant Prairie is honored to confirm that German confectioner HARIBO has selected Pleasant Prairie, Wisconsin as the future location of its first U.S. manufacturing facility. HARIBO will become the first tenant in the recently proposed Prairie Highlands Corporate Park at the northwest corner of County Highway Q and I-94.

Planning for the HARIBO U.S. manufacturing facility will soon begin, with the Village planning to install necessary infrastructure during 2017. HARIBO anticipates construction of the manufacturing facility to begin during 2018 with commencement of production and distribution during 2020.

Village President John Steinbrink Sr. commented, "The Village is incredibly pleased to welcome HARIBO to southeastern Wisconsin! HARIBO is a strong family company with a rich history of creating high quality confections dating back to 1920. I'm confident that HARIBO will find the regional business community to be a dynamic asset as it continues to grow by making children and adults happy with their amazing products."

HARIBO is a third generation family company based in the City of Bonn, Germany. The confectionary company is best known for its gummi candies, with its GOLD-BEARS® being the number one selling gummi-bear in America. HARIBO first opened a U.S. sales office for its products in 1982. HARIBO of America, Inc. is headquartered in Rosemont, Illinois.

Pleasant Prairie recently announced plans to purchase approximately 458 acres of land adjacent to I-94 to enable its development as a new corporate park. The Village will allocate funds from its current Tax Incremental District (TID) #2 towards the purchase of the land. Plans to retire TID #2 by 2023 remain firm; its retirement will return nearly $770,000,000 to the assessment roll, providing tax support to Village taxpayers and others. The Village is proposing to create a TID #5 to enable the development of the new corporate park. Current estimates place the value of TID #5 at $360,651,500 once it has reached maturity.

Village President Steinbrink added, "This site is well suited to support HARIBO's continued growth, and they're just the type of high quality employer the Village envisioned for this location. We'd like to thank them very much for selecting Pleasant Prairie and the state of Wisconsin."

Steinbrink added, "The Village would also like to thank our economic development partners - Governor Scott Walker, Wisconsin Economic Development Corporation, Milwaukee 7, Kenosha Area Business Alliance and Kenosha County - for their roles in bringing HARIBO to southeastern Wisconsin. Our community has a great team contributing to our region's well-being and quality of life."

2017