Business & Tech
State Grant Helps Manufacturer Move HQ to Oak Creek
WPC Technologies has received a $432,000 grant to support its move to a vacant property near the corner of 6th and Marquette.
A Milwaukee manufacturer will receive a $432,000 grant from the Wisconsin Economic Development Corporation to help it develop a new headquarters in Oak Creek.
According to a WEDC news release, the money will reimburse WPC Technologies for its costs to clean up what is now a contaminated and blighted facility at 530 W. Marquette Ave.
WPC Technologies, currently located at 300 E. Barclay St. in Milwaukee, purchased the building . It was formerly used to produce industrial chemicals.
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The company's relocation will retain 29 full-time positions and create seven new ones, according to the news release.
WPC manufactures "innovative products for the coating industry - leading the way in corrosion and stain inhibitive technology," according to its website. Some of its products include pigments for airplanes.
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The grant is through the state's Blight Elimination and Brownfield Redevelopment program, which provides funding to local governments, businesses and individuals to remediate abandoned or underused sites.
"The completed project will enable the redeveloped site to be the home of a modern innovative manufacturing and research and development laboratory," according to the news release.
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