Calling it “great news” and an “exciting opportunity,” Janesville City Council members Monday voted unanimously to approve a development agreement with Miniature Precision Components that should mean 90 new jobs in the next three years.
The company, headquartered in Walworth, now will go ahead with plans to begin producing thermoplastic components in Janesville by the end of March. The company is expanding here, not relocating, so all of the jobs are new.
The company will move into 225,000 square feet of the Helgesen Building, 2929 Venture Drive, in TIF 22. The company has signed a 10-year lease with the building’s owner.