Plans to construct a new 25,000-foot manufacturing plant garnered the council's full support Tuesday.
The council gave unanimous approval to sell its last industrial site on Connors Point and enter a development agreement with Exodus Manufacturing LLC.
The firm, which will be equipment for the recycling and scrap industries is being started by the principals that started Genesis Equipment Manufacturing. That company, which has a $9 million payroll and employs 154 people, was sold a few years ago to publicly-held Dover Corp.
Bruce Bacon, who stayed on as Genesis' president, told the city's redevelopment authority last week that it was time to start a new company.
Exodus plans to target a global market and faces three German competitors to create a heavy industrial product derived from a excavator that is designed to move material rather than dig. A giant boom would allow customers to move large volumes of material.
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Construction is expected to begin in October with completion of the $3.3 million concrete facility expected to be complete in December 2009.
"This is a big deal, I'll tell you and this is good news for the city of Superior," said Mayor Dave Ross.
Councilor Ed Anderson agreed: "I'd just like to say it's wonderful to see someone who started a business here ... and built it up and eventually sold it, and now he wants to continue to invest in our community. I think that's great."
Contact Shelley Nelson at (715) 395-5022 or snelson@superiortelegram.com
