KEWEENAW COUNTY, MI – The Michigan Department of Transportation (MDOT) is awarding a state transportation economic development grant that will support the creation of 31 new jobs in Keweenaw County.
A Transportation Economic Development Fund (TEDF) Category A grant for $136,911 will leverage $1.58 million in private investment, at a private/public ratio of better than 11-to-1.
Neuvokas Corp. is a manufacturer of a basalt fiber reinforced polymer rebar, trademarked as GatorBar, which is used in the concrete construction industry. The company needed a larger facility in order to expand its operations. Other locations were considered, including in Wisconsin, before the company purchased a vacant building in Allouez Township, adjacent to No. 6 Road.
Company representatives said that they needed year-round all-season road access to receive raw materials and ship out finished product. No. 6 Road, which connects the company’s facility to US-41/M-26, is not currently an all-season route, limiting the company’s ability to ship efficiently year-round. To address this issue and ensure year-round access for the facility, Keweenaw County Road Commission will resurface No. 6 road to bring it up to all-season standards, along with adding shoulder and drainage improvements. The improvements will allow Neuvokas to create 31 jobs and invest $1.58 million in new equipment.
Total estimated cost for this project is $171,139, including $136,911 in state TEDF funds and $34,228 from the Keweenaw County Road Commission.