Project to create 15 jobs
MADISON- Governor Jim Doyle today announced a $5,100,000 Industrial Revenue Bond allocation for Traffic & Parking Control Co., Inc., Elm Grove, Milwaukee County, to acquire an existing production facility in Brown Deer.
“One of the top priorities of my administration is to help move industries, companies, and communities forward, and ensure there are good, family-supporting jobs for our citizens,” Governor Doyle said. “I am pleased to help Traffic & Parking Control Co., Inc. with an expansion project that brings jobs and investment to the area.”
Traffic & Parking Control Co., Inc. manufactures and distributes traffic signs and related equipment. The company has outgrown its current facility. It has acquired a 128,000-sq.-ft. facility, which it will equip and renovate The project will create 15 jobs and represent total investment of $5,100,000.
Industrial Revenue Bonds are bonds free of federal tax issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate.
For more information on Commerce programs and services, contact the Commerce area development manager at http://commerce.wi.gov/BD/BD-AreaDevManagers.html
-30-
