BELOIT - Economic impact and job creation data for the Amazon warehouse/distribution center being built in Beloit remain a mystery, as the project moves ahead.
On Thursday, the Greater Beloit Economic Development Corp. (GBEDC) closed on the sale of the 80-acre parcel southeast of the Colley Road-Gateway Boulevard intersection that's being developed into a 1 million-square-foot warehouse for Amazon.
"We are thrilled that Amazon chose the Gateway Business Park to build in the Stateline area," said GBEDC Executive Director Andrew Janke. "A lot of hard work went into making this project a reality, and we certainly look forward to the positive impacts on the Beloit economy."
The GBEDC sold the land to Peyton Paisley WI (PPW) for $80, or $1 per acre. On Dec. 12, the Beloit City Council approved amending the development agreement between Atlanta-based developer Seefried Industrial Properties to transfer rights to PPW, a division of USAA.
Seefried began preliminary site work in October and PPW is continuing the work.
"This development would not only provide our community with jobs and increased property value, but also a valued relationship with a household name," said Beloit City Manager Lori Curtis Luther. "A project of this magnitude is certainly a game-changer for Beloit."
Project documents obtained by the Beloit Daily News do not list future economic impact figures. In the past, officials cited the project not including public subsidies as a reason for not including economic or jobs data.
Amazon is expected to publicly announce the economic impact next month, according to Beloit Strategic Communications Director Sarah Millard.
As previously reported by the Beloit Daily News, Amazon's move to Beloit comes on the heels of the company opening facilities in Kenosha (2.6 million-square-foot fulfillment center, 165-acre site) in 2013 and Oak Creek (1.5 million-square-foot fulfillment center, 75-acre site) in 2018.
In terms of job creation, Kenosha has generated 3,000 jobs since opening in 2014 and Oak Creek is expected to create 1,500 jobs, according to the Wisconsin Economic Development Corp.
In Oak Creek, Amazon committed $200 million in real and personal property, with annual gross wages of $40 million expected by the end of 2021, according to economic impact figures.