The Wisconsin Economic Development Corporation (WEDC) is providing Oshkosh Corporation with $8 million in state income tax credits to support the company’s plans to expand the capabilities of its Oshkosh Defense business and to build a new 190,000-square-foot global headquarters in Wisconsin.
In addition to the tax credits, the City of Oshkosh will receive $787,500 from the Transportation Economic Assistance (TEA) program of the Wisconsin Department of Transportation (WisDOT) for road improvements that will provide easy access off nearby Interstate 41 to the headquarters.
Construction is now underway on the 190,000-square-foot, four-story building that will house up to 650 employees. Company officials say the new global headquarters is needed to accommodate the company’s current and future growth, and to operate more efficiently. Oshkosh Corporation officials also say the state‑of‑the-art headquarters with modern amenities will help the company attract and retain top talent. The headquarters, which is being built on the site of the former Lakeshore Golf Course off the Fox River, is expected to be completed by October 2019.
In addition, the company will make significant investments in its Oshkosh Defense business. Oshkosh Defense has recently been awarded two substantial contracts from the U.S. Department of Defense. The Joint Light Tactical Vehicle (JLTV) contract was awarded in August 2015. The JLTV contract is valued at $6.7 billion, and deliveries are expected through 2024. Oshkosh Defense was also awarded the next generation Family of Medium Tactical Vehicles (FMTV) contract in February 2018. Deliveries under this contract are expected through 2026.