Generac To Invest $8 Million-$10 Million To Remodel, Expand Headquarters

0.88 min. | 5.0 user rating | 32 views

Generac Power Systems (NYSE:GNRC) announced it will commit $5-6 million to expanding and remodeling its headquarters and an additional $3-4 million in upgrades to create a technical center. Generac currently employs more than 550 people at its headquarters, and plans to add more than 200 new jobs over the next three years. GeneracCEO Aaron Jagdfeld said, "The expansion of our headquarters isn't just a major investment in our community, it is a major step in meeting the power generation and equipment demands of our customers. We have been growing rapidly over the last decade and this expansion will give us the flexibility and space to not only add to our team, but will create a space to allow the best engineers and technicians in our field to innovate and develop tomorrow's technology for our industry."
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