Leveraging Wisconsin’s talent and business climate
Thanks to the state’s positive business climate and supportive investment climate, Phillips-Medisize, a worldwide leader in designing products and manufacturing processes for the pharmaceutical and medical device industries, embarked on a $30-million expansion at six different locations throughout Wisconsin in 2015. The facility expansions, located in New Richmond, Menomonie, Hudson, Phillips, Medford and Eau Claire, are expected to create more than 480 new jobs in four different counties. WEDC agreed to provide up to $5 million in performance-based tax credits to make the expansion and new hires possible, and to reward the company for its commitment to Wisconsin.
Growing to compete globally
Phillips-Medisize CEO Matt Jennings said the state’s dedicated and talented workforce prompted the company to continue expanding here. Each year, Jennings hires 10 to 20 recent graduates from the University of Wisconsin-Stout, since they have knowledge of and familiarity with the products that Phillips-Medisize searches for in employees. A skilled workforce coupled with a friendly business climate have helped Phillips-Medisize succeed on a global scale.
From humble beginnings as a small plastics company in Phillips in 1964, Phillips-Medisize today employs nearly 1,400 people in 12 locations statewide. With an unwavering dedication to quality, Phillips-Medisize strives to find the perfect locations and people to help their innovative products reach its target customers and markets.