Wayzata Home Products Sails to Connersville on Fairwinds
ayzata Home Products, an e-commerce cabinet manufacturer, has announced plans to locate its manufacturing and distribution operations to Connersville, creating more than 300 much-needed jobs in a county with an 11.2% unemployment rate.
As part of the project, Wayzata will acquire and invest $12.5 million to renovate a former Ford-Visteon plant, 1.8 million square feet vacant for seven years.
“The building presented challenges – the roof, HVAC and electric systems were in bad repair, but it held potential,” said Jay Walters, CEO of FairWinds Advisors, an independent site selection and economic development firm. “The key was Wayzata owner Andy Juang and his team’s vision, and the sincere welcome they received from the Connersville community.”
FairWinds helps companies like Wayzata define projects, find and evaluate site options, and outline incentive opportunities nationwide.
“We are so pleased that FairWinds introduced Wayzata to Connersville. The company would never have located here had it not been for their introduction,” said Mayor Leonard Urban.
FairWinds strives to provide a holistic approach to clients. With Wayzata, FairWinds negotiated a $1 purchase price with the city for the building and 184-acre campus as well as funds generated from issuing a TIF bond. The state offered up to $2.2 million in tax credits and training grants.
“This project is a great success,” said Juang. “We came to know Jay and Jenny well and sincerely look forward to working with them in the future.”