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Governor Evers and Senator Baldwin: Officially select Wisconsin as a tech hub, announcing $49 million to grow biohealth economy and create jobs

Governor Evers and Senator Baldwin: Officially select Wisconsin as a tech hub, announcing $49 million to grow biohealth economy and create jobs

 


The tech hub is projected to bring more than 30,000 jobs and $9 billion in economic development to Wisconsin in its first decade.

Governor Tony Evers in Madison, along with U.S. Senator Tammy Baldwin (D-WI), announced today that Wisconsin has officially been selected as a U.S. Regional Tech Hub. This will inject $49 million into growing the state's personalized medicine and biohealth sector, advancing research and innovation, growing the state's economy and creating jobs, and improving U.S. competitiveness in cutting-edge industries. This coveted designation will enable a Wisconsin consortium of 15 public and private partners organized by the Evers Administration through the Wisconsin Economic Development Corporation (WEDC) to advance research, expand lab space, increase coordination and collaboration, improve access to capital for business startups and growth, and further build the personalized medicine and biohealth technology sector.

“From Microsoft's $3.3 billion investment in an AI data center in Mount Pleasant to Thermo Fisher Scientific's $58 million expansion in Middleton, Wisconsin is positioning itself as a national leader in innovative industries as we work to build the economy we need to meet the demands of the 21st century,” said Gov. Tony Evers. “I thank President Biden, Sen. Tammy Baldwin and our federal partners for seeing the potential and promise of Wisconsin's biotech industry and working tirelessly to help secure these critical investments to accelerate research, grow our workforce and economy, and continue building a multi-billion-dollar industry that supports tens of thousands of jobs across our state.”

Over the first 10 years, the Tech Hub designation is projected to create more than 30,000 jobs in the personalized healthcare field and more than 111,000 indirect jobs attributable to the Wisconsin Tech Hub. Additionally, the Tech Hub is projected to generate $9 billion worth of economic development for Wisconsin over its first 10 years.

“Today's announcement validates what we have long known as Wisconsinites: that Wisconsin has world-class universities, an unmatched workforce, and a vibrant private sector that will drive the next wave of American innovation. Without a doubt, this investment in the Badger State will create and support thousands of good-paying jobs, grow our made-in-Wisconsin economy, and revolutionize healthcare as we know it, ensuring people get the care they need sooner and more quickly,” said Senator Baldwin. “Today's announcement recognizes our state's rich history of innovation and manufacturing and doubles down on our state's potential to be a major player in the next chapter of emerging industries.”

Today, the State of Wisconsin was awarded a Phase 2 Implementation Grant under the U.S. Economic Development Administration's (EDA) Regional Technology Innovation Hubs (Tech Hubs) program. To apply for this funding, projects must first win a Phase 1 Planning Grant, and Wisconsin was selected for this grant in October 2023. This competitive program received more than 370 applications from 49 states and four territories.

“Today's announcement is a win for Wisconsin,” said Missy Hughes, executive director and CEO of WEDC. “This award recognizes the groundbreaking potential that collaboration between Madison and Milwaukee, our educational institutions, our startup and advanced manufacturing leaders, and our world-class healthcare providers can bring to Wisconsinites and the future of patient care around the world. We are grateful to the EDA and Senator Baldwin, and the consortium WEDC has formed will now have the resources to continue its important work.”

Through WEDC, the Evers Administration has created and led the Wisconsin BioHealth Tech Hub Consortium, which also includes members of the University of Wisconsin System, University of Wisconsin-Madison, GE Healthcare, Rockwell Automation, Exact Sciences Corporation, BioForward Wisconsin, Employ Milwaukee, Accuray, Plexus, WRTP Big Step, Milwaukee Area Technical College, Madison Area Technical College, Madison Regional Economic Partnership (MadREP), and the Milwaukee 7.

“This Phase 2 award is a pivotal opportunity for Wisconsin to demonstrate the breadth of our biohealth industry and the strength of our manufacturing capabilities across the state,” said BioForward Wisconsin CEO Lisa Johnson. “Wisconsin excels in both innovation and execution, and this EDA tech hub initiative will enable us to contribute significantly to EDA's goals of strengthening our economy and national security and remaining globally competitive.”

Governor Evers and Senator Baldwin have worked together every step of the way to designate Wisconsin as a technology hub and promote continued investment in Wisconsin's growing personalized medicine and biohealth technology industry.

January 2022: Senator Baldwin votes to pass the CHIPS and Science Act, successfully incorporating $500 million for a Tech Hub program to help develop new technologies, create jobs, and expand innovation in the United States, a provision modeled on a Brookings Institution report that identified Wisconsin as a top candidate for a regional hub. February 2022: Governor Evers, along with 21 other governors from across the country, wrote a letter to congressional leadership in support of the CHIPS Act and urging swift bipartisan action to ensure the bill's passage. March 2023: In a letter to the EDA, Senator Baldwin urged the U.S. Department of Commerce to select Wisconsin as one of the tech hubs. August 2023: The Evers Administration, through WEDC, established the Wisconsin Biohealth Tech Hub Consortium, bringing together 15 public and private partners to advance the state's efforts and submitting an application to the EDA to secure designation as a tech hub. August 2023: Senator Baldwin advocated for Wisconsin's application for the Tech Hub Program, highlighting the state's potential to be at the forefront of the biotechnology and personalized medicine fields. Senator Baldwin also hosted events in Madison and Milwaukee calling on the Biden Administration to bring a tech hub to the Badger State. September 2023: Senator Baldwin again called on the Biden Administration to select Wisconsin for a planning grant to advance a biohealthtech hub. October 2023: Governor Evers and Senator Baldwin announced that Wisconsin has been selected as one of 31 tech hubs nationwide and has been awarded a $350,000 planning grant to implement a biohealthtech hub strategy. This moves Wisconsin into Phase II to compete for the implementation grant awarded today. Senator Baldwin also garnered support from local and state partners to demonstrate Wisconsin's commitment to attracting a tech hub to Wisconsin. February 2024: Governor Evers signs Senate Bill 894 (now Wisconsin Act 96 of 2023), providing $7.5 million to BioForward and matching the federal grant to be designated as the lead consortium member for the purpose of receiving a Regional Tech Hub Implementation Grant. February 2024: Senator Baldwin and Governor Evers ask the Biden Administration to support Wisconsin's Biohealth Tech Hub application for implementation funding. June 2024: Senator Baldwin meets privately with U.S. Secretary of Commerce Gina Raimondo to make a final recommendation for Wisconsin to be selected as the implementation site for the Biohealth Tech Hub.

More information on EDA’s Tech Hub program can be found here.

Sources

1/ https://Google.com/

2/ https://www.wispolitics.com/2024/gov-evers-u-s-sen-baldwin-announce-wisconsins-official-selection-as-a-tech-hub-unlocking-49-million-to-grow-biohealth-economy-and-create-jobs/

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