U.S. Venture is moving its corporate headquarters in Kimberly to an existing building in downtown Appleton Mayor Jake Woodford said in a press release Dec. 7.
The company is shifting its plans from constructing a new, 200,000-square-foot building near the downtown to adapting the 222 Building at 222 E. College Ave. for its use.
“Companies with a significant national footprint, like U.S. Venture, have their pick of locations for corporate headquarters. With this plan to relocate downtown, in the heart of U.S. Venture’s home Fox Cities communities, they are making a clear statement about the way they value their hometown and the people in it,” Woodford said.
Woodford lauded the company’s commitment to relocating to the downtown area, but said there is significant work to be done yet.
“While the approach might look different than what was originally proposed, benefits to our local economy brought by hundreds of well-paying corporate jobs moving into our central business district remain” he said.
According to an analysis completed several years ago by JobsEQ, U.S. Venture’s move from Kimberly to downtown Appleton will generate an estimated $770 million in annual economic activity in the city as the company’s workers and visitors patronize downtown restaurants, retailers and service providers.
U.S. Venture is currently located at 425 Better Way, Kimberly. The provides oil and lubricants, manages petroleum and renewable energy terminals and logistics, and commodity trading.
