Analysis
Cree’s Ruud Lighting Subsidiary Announces 208,000-Square-Foot Facility Expansion to Create 469 Full-time Jobs Over the Next Four Years
Cree, Inc.’s Ruud Lighting subsidiary will hold a groundbreaking ceremony today to highlight a 208,000-square-foot expansion to its manufacturing facility. The company’s $24.5 million investment will focus on manufacturing and assembly of LED lighting and is expected to create 469 new full-time jobs over the next four years.
“CThe expansion will extend component and product storage capacity and house several new manufacturing lines for new and existing Cree LED lighting products. In addition to the 208,000-square-foot facility, the investment will include equipment needed to expand manufacturing operations. Most of the full-time jobs will be assembly positions, with other opportunities to follow growing demand for LED lighting products.
“This is exciting news for the lighting industry and Racine County,” said Christopher Ruud, president of Cree’s Ruud Lighting subsidiary. “Beyond Cree’s dedication to advancing LED lighting technology, it’s a long-term investment in the people of Racine County and the community’s manufacturing base.”
To help offset the company’s $24.5 million investment, Ruud Lighting will receive funding and incentives related to local job creation from sources including the Wisconsin Economic Development Corporation (WEDC); Racine County; Racine County Economic Development Corporation (RCEDC); and the Village of Sturtevant, totaling more than $8 million.