Carpet company to build warehouse

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Wednesday, February 6, 2008
— Halverson Real Estate is buying a three-acre industrial site on Capital Circle to build a 20,000-square-foot warehouse and distribution facility for Halverson Carpet Center.

The warehouse will be north of the carpet store at 4141 Klein Ave. on Janesville’s far southeast side.

The commercial division sells and installs flooring for commercial buildings throughout the upper Midwest.

The city council at its last meeting approved a tax incremental finance agreement with Halverson.

The $600,000 facility should create eight new jobs as the business grows, according to a memo by Doug Venable, Janesville’s director of economic development.

The company’s pay scale ranges from $14.50 an hour for warehouse workers to $26.50 an hour for flooring installation technicians to $33.50 per hour for project manager. The expanded facility would have an estimated payroll of $492,720.

Halverson will buy the site valued at $90,180 for $45,090. The company will guarantee a minimum annual property tax payment of $11,126, and the city will recover its costs within five years.

The city’s cost to buy the land and improve it with streets and utilities is $27,300 per acre, or $90,180 for the 3.3-acre site.

Halverson’s sales are concentrated within 200 miles of Janesville in Wisconsin and Illinois, but the company bids on projects as far away as Missouri, Indiana and Minnesota. Halverson estimates that 40 percent of its business is local and residential, while 60 percent is regional and commercial.

Last updated: 5:17 pm Thursday, December 13, 2012

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