Teel Plastics Plans Baraboo, Wisconsin, Cotton Swab Manufacturing Facility
03/12/2021
The company will lease a 180,000-square-foot building at 500 Industrial Court and move the production lines for its fiberoptic products to the new space. Equipment to produce the swabs and other medical supplies will then be installed at Teel’s main facility at 1060 Teel Court in Baraboo.
“We are excited to receive the Business Development Tax Credit award from WEDC,” said Tom Thompson, Teel Plastics president. “This award will help us to continue to grow and expand Teel in Baraboo. We are planning to add 59 jobs in the Baraboo area over the next three years.”
Teel Plastics has received a grant from the U.S. Department of Defense that will pay for the roughly $5.8 million cost of equipment to produce the test swabs. In addition, WEDC is supporting the project by authorizing up to $250,000 in state income tax credits over the next three years. The actual amount of tax credits Teel will receive is contingent upon the number of jobs created.
“Teel is stepping up to produce needed supplies during the COVID-19 pandemic,” said Missy Hughes, WEDC secretary and CEO. “Beyond the pandemic, Teel’s expansion plans are setting the company up for future success by expanding its medical and fiberoptic products.”
In addition to the 59 jobs expected to be created by Teel, an economic modeling study estimates the project could indirectly generate 44 additional jobs in the region. Those 103 total new jobs are expected to generate more than $190,000 in state income tax annually.
Teel Plastics was founded in 1951 as Insemnikit, producing livestock insemination and agricultural products. The company expanded into other products and now works with more than 50 plastic resins made into products across dozens of industries, including water treatment, cosmetics, pharmaceutical, automotive, lawn and garden, health care and more.
Project Announcements
Robert Bosch Expands Farmington Hills, Michigan, Operations
01/23/2025
Alexander’s Mobility Services Plans Gallatin, Tennessee, Operations
01/22/2025
3E Nano Plans Wayne County, Michigan, Headquarters-Manufacturing Operations
01/22/2025
Anduril Industries Plans Pickaway County, Ohio, Manufacturing Operations
01/21/2025
Contec Industrial Automation Solutions Plans Greensboro, North Carolina, Operations
01/21/2025
Canada-Based Cardiff Products Plans West Columbia, South Carolina, Beverage Packaging Operations
01/17/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Why Decarbonization Goals Start with Site Selection
Q4 2024
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024