MARINETTE, Wis. - Wisconsin Gov. Scott Walker on Friday announced that the city of Marinette is being awarded a Transportation Economic Assistance (TEA) grant.
The $812,523 award represents the Wisconsin Department of Transportation's contribution toward the reconstruction of two city streets and rail spur rehabilitation project.
The improvements will provide safe and efficient transportation means to accommodate the business expansion of Marinette Marine Corporation (MMC), which is the city's largest employer.
The TEA grant will help retain 1,000 jobs and create 136 direct jobs at MMC, while supporting another 1,182 indirect jobs, officials said.
The street improvement project includes upgrading Ely Street near the intersection with Main Street; reconstructing Mann Street; changing the intersection configuration at Ely and Main streets; and rehabilitating the Escanaba and Lake Superior (E&LS) railroad spur that serves MMC.
The $812,523 TEA grant represents approximately 25 percent of the more than $3 million construction project. The remainder of the funding is being provided by the city of Marinette. The construction project is expected to be completed in the spring 2014.
MMC is expanding its ship building business in Marinette. The corporation has a new contract with the U.S. Department of Defense to build 10 combat ships for the Navy by 2020. MMC is investing $73.5 million in its Marinette manufacturing facility.
Since its start in 1987, Wisconsin's TEA grant program has invested more than $93 million in 333 projects, supporting the creation or retention of more than 80,000 jobs around the state.