A Sturgeon Bay business is now in position to move ahead with plans to construct a 62-thousand square foot facility in the city’s industrial park as a result of action taken by the city council Tuesday. Cadence, Incorporated, currently located at 512 South Columbia Avenue, in the former Overland Bolling plant, plans to begin construction of its new facility this summer and take occupancy in the spring of 2016. The company will pay $231,600 for the seven point seven acre parcel with an initial payment of $77,000 and the remainder paid off over three years. Cadence wants to relocate 39 jobs and create 40 to 50 new jobs while investing up to five million dollars on the property. If the firm follows through on its job creation and investment plans within three years, it will be eligible to earn $200,000 in job credits and $300,000 in investment credits. Cadence, Incorporated is a leading contract manufacturer and maker of complex components for medical devices and life sciences. It is headquartered in Stanton, Virginia.
