Janesville company pondering expansion
JANESVILLE--A growing Janesville manufacturer will ask the Rock County Board for an option to buy five acres in case it needs to make a multimillion-dollar expansion that could lead to 70 new jobs in Janesville.
Josh Gray, president of GOEX Corp., said the company should be able to decide before the end of 2013 whether the company will proceed with the project.
GOEX is an industry leader in extruding a wide variety of resins into custom rigid plastic sheet and roll stock. The company employs about 130 people at its plant at 2532 Foster Ave.
In 1999, the company bought about 24 acres on the south side of Highway 14 at Newville Road. At the time, it had plans for a 50,000-square-foot extrusion plant that could use a railroad spur from a nearby Union Pacific line.
“Although we manufactured the product to the specification requested, the customer decided not to commercialize the product,” Gray said, adding that the project was ultimately scrapped.
GOEX has posted double-digit growth in each of the last 10 years.
The company is landlocked and is again considering options for expansion.
For a full story, read Wednesday's Gazette, read online in the Gazette’s E-Edition or check back at GazetteXtra.com.
Nov 14, 2012 at 6:25 p.m.
Suggest removal
It makes sense to let them have the option to buy the land, they will bring business and jobs to the local community.
Nov 14, 2012 at 3:51 p.m.
Suggest removal
Gwendt, better to have a job making 10.00 an hour than being unemployed making nothing or collecting welfare. When was the last time you had to find a job?
Nov 14, 2012 at 3:40 p.m.
Suggest removal
Having worked there I can tell you that they do pay a livable wage and have a very good benefit package. It is a double edged sword. Either the community offers up the land or gives money to them (think Shine Medical Technology) or the business takes jobs elsewhere. Not that Goex would ever do that. They are pretty rooted in Janesville. Glad that their market is growing. Plastic packaging is a way of life now and probably will be long into the future.
Nov 14, 2012 at 2:46 p.m.
Suggest removal
gwendt way to go to the absolute extreme.... rational.
Nov 14, 2012 at 1:17 p.m.
Suggest removal
What they want here is the option to buy. The advantage this gives them is allowing them to plan an expansion, work things out with the railroad, and make sure that they will have the new business coming in to justify the expansion, then execute when everything is in place -- without having to spend the money now to buy the land "just in case". There's virtually no risk to taxpayers here as the land is already being used (I guess as part of the old county farm that is leased out). All they're saying is "don't go selling this to anyone else".
Nov 14, 2012 at 12:27 p.m.
Suggest removal
Let's just give land to all the companies that want it, so they can make more immense profits and pay non-living wages to working people.......Pretty soon, the only people who will be able to buy things will be the huge increase in millionaires during Bush's 8 year term of Presidency !!! sheesh !!!
Nov 14, 2012 at 10:32 a.m.
Suggest removal
saxcat70: What is your definition of 'OPTION'?
Nov 14, 2012 at 8:52 a.m.
Suggest removal
It says it right there Iluvjvl. right there in the writing on the wall.
Nov 14, 2012 at 8:26 a.m.
Suggest removal
Where does it say that GOEX is asking for a handout? It just says they want an option to buy.
Nov 14, 2012 at 8 a.m.
Suggest removal
I don't support any handout to any company, with that said GOEX has been a very good employer over many years in fact it is located in that Kennedy road corridor that has many good companies, ones that get overlooked for how many people they employ and provide products and services known worldwide, perhaps we could rally around those guys a bit more than the ones that left. Yes GOEX should buy their own land at market value.
Nov 14, 2012 at 7:32 a.m.
Suggest removal
Don't give them squat. let them buy the land at fair market value. and once again, don't give them squat.
Nov 14, 2012 at 6:11 a.m.
Suggest removal
I dont know... we could use that land for another park that we cant afford to maintain instead...?
Before you post a comment, consider this:
Note: GazetteXtra.com does not condone or review every comment. Read more in our User Policy AgreementPost Comment
Commenting requires registration.