All World Machinery Supply, Inc. is moving from Harvard, Illinois, to Roscoe, Illinois, according to The State Journal-Register. The company designs and manufactures hydraulic, pneumatic and motion-control parts.
Illinois and Wisconsin were both fighting for the company and Illinois won the bidding war, The State Journal-Register reported. Illinois will invest $1.7 million in tax credits as well as make financial contributions to improve the roads, sewer and water connections to the new location in Roscoe.
"Wisconsin came in with a very strong offer, but all of the company leadership lives in Illinois, and we wanted to stay in Illinois if possible," All World Machinery President David Koepp said. "In the end, the state and the local governments really stepped up."
All World Machinery Supply currently employs 72 people at the Harvard location, which is approximately 20,000 square feet. The company has hired Cord Construction of Rockford, Illinois, to build their new 38,000-square-foot headquarters, which will later be expanded to 100,000 square feet.
The company expects to employ between 150 and 175 workers at the Roscoe location over the next five years.
Businesses moving to new, larger facilities should work with manufacturing companies to find the most qualified candidates for their open positions.