City of Franklin Plan Commission Agenda Packet 2026-06-18
Robotics Manufacturing Incentive Agreement with Yaskawa America, Inc.
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Description
The City of Franklin plans to enter into a development agreement with Yaskawa America, Inc. to provide up to $4.2 million in tax increment-funded incentives for a robotics campus. Yaskawa will pay for and manage major construction including traffic signal relocation, to be partially reimbursed by the city upon grant funding. The incentive payments are scheduled over 10-year terms tied to building occupancy, with a final cap and deadline of 2044.
Contract Details
Contract Amount
Maximum $4,200,000
Vendor
YASKAWA AMERICA INC
Agency
City of Franklin, WI
Contract Type
CONSTRUCTION
Document Date
June 18, 2026
Contract Term
Building 1: Occupancy by 7/30/2028, payments through 10/1/2039; Building 2: Occupancy by 12/31/2030, payments through 10/1/2041; Building 3+: Occupancy by 12/31/2033, payments through 10/1/2044
Renewal Date
2044-12-31
Renewal Info
Incentives paid as a percentage (55%-65%) of annual tax increment per building, subject to annual appropriation and a total cap of $4.2 million. No payments after 2044.
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