Freudenberg Household Products Chooses Aurora ... - City of Aurora
Freudenberg Household Products Chooses Aurora ... - City of Aurora
Freudenberg Household Products Chooses Aurora ... - City of Aurora
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Strategic Plan Update<br />
BUSINESS RECRUITMENT<br />
<strong>Aurora</strong> Helps to Attract German<br />
Flexible Coupling Manufacturer<br />
to <strong>Aurora</strong> Corporate Center<br />
CENTA Corporation, a U. S.<br />
subsidiary <strong>of</strong> a privatelyowned<br />
German firm<br />
(CENTA Antriebe Kirschey<br />
GmbH), has acquired a 23,000<br />
square-foot facility in the <strong>Aurora</strong><br />
Corporate Center (2570 Beverly<br />
Drive #128) that will allow it to do<br />
much <strong>of</strong> its manufacturing here in<br />
the United States rather than in<br />
Germany as before. CENTA is a<br />
global leader in the innovation and<br />
manufacture <strong>of</strong> torsional couplings<br />
and shafting for the marine<br />
propulsion and industrial power<br />
transmission markets.<br />
“As we have known for years,<br />
manufacturing is not dead in<br />
<strong>Aurora</strong>,” said <strong>Aurora</strong> Mayor Thomas<br />
J. Weisner. “Our ample workforce,<br />
transportation access and quality <strong>of</strong><br />
life remain big attractions for<br />
companies.”<br />
The company anticipates that<br />
two years after opening its facility in<br />
<strong>Aurora</strong>, it will increase its employee<br />
workforce from 11 to 22. The build<br />
out <strong>of</strong> the new facility will cost more<br />
than $3 million and will include<br />
Design and Printing by<br />
Kelmscott Communications, <strong>Aurora</strong>, IL<br />
630-898-0800<br />
expanded warehouse & <strong>of</strong>fice<br />
capabilities, product assembly and<br />
field service facilities, and<br />
approximately 6,000 sq. ft. <strong>of</strong><br />
manufacturing space for new CNC<br />
machine tool equipment.<br />
The Illinois Finance Authority<br />
(IFA) on behalf <strong>of</strong> CENTA<br />
Corporation requested the <strong>City</strong> <strong>of</strong><br />
<strong>Aurora</strong> to cede unused Bond Volume<br />
Cap Allocation in order for it to<br />
– 2 –<br />
issue tax-exempt Industrial Revenue<br />
Bonds to provide permanent<br />
financing for the acquisition and<br />
build-out <strong>of</strong> the facility.<br />
“The AEDC worked with the<br />
company and its consultants, Carroll<br />
Financial Group, Inc. to present a<br />
plan to cede the Bond Volume Cap,”<br />
said Sherman L. Jenkins, Executive<br />
Director <strong>of</strong> the city’s Economic<br />
Development Commission (AEDC).<br />
CENTA Corporation has acquired a 23,000 square-foot facility in the <strong>Aurora</strong><br />
Corporate Center that will allow it to do much <strong>of</strong> its manufacturing here in the<br />
United States rather than in Germany.
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