Gov. Tony Evers and the Wisconsin Department of Transportation (WisDOT) announced Monday a $232,360 Transportation Economic Assistance (TEA) grant to Milltown, Wis. to help RockShield Rubber Company establish an industrial park.
The TEA grant program gives financial assistance to communities to support improvements to transportation infrastructure to attract new employers or encourage existing ones to expand, governor’s office officials said.
The latest grant will establish a new industrial park for the rubber company to expand into and create jobs in Polk County, Evers said in a statement.
“This is an exciting project in Northwestern Wisconsin that will create new jobs and establish a new industrial park for future expansion. By working closely with our local partners and communities, we’re ensuring our infrastructure is ready for the 21st century, helping to move our economy and state forward,” Evers said.
Company officials said the upgrades to infrastructure around the industrial park will let the company double its footprint and opens a door for young companies to grow.
“The improvement and expansion of the infrastructure surrounding the new Milltown industrial park will allow us to nearly double the footprint we have now. It will also guarantee room for future expansion as our young company continues to grow, which will result in more job creation for this rural area of Wisconsin,” RockShield Rubber Company president Gabe Feuerhelm said.
The project will add two roadways that establish a new industrial park and sites for business expansion, the governor’s office said. Milltown-based RockShield will build a $4 million, 42,000-square-foot facility in the industrial park after outgrowing its current site.
The Evers administration has awarded more than $10.1 million in TEA grants since 2019, contributing to more than 1,900 jobs, the governor’s office said. Municipal or county governments must sponsor a TEA application and the grant must benefit the public.