$49 million invested in Wisconsin’s Tech Hub expected to create 30,000 jobs over next decade

GREEN BAY, Wis. (WBAY) – U.S. Senator Tammy Baldwin announced $49 million investment secured for Wisconsin’s Tech Hub to grow the state’s personalized medicine and BioHealth sector on Tuesday.

The Tech Hub states in its first 10 years, its projected to create more than 30,000 jobs in the personalized medicine sector and over 111,000 indirect jobs in Wisconsin. It’s also anticipated to create $9 billion worth of economic development in Wisconsin in that same time frame.

The funding was secured through the CHIPS and Science Act, which allow Wisconsin’s public and private partners to expand research and grow business.

“Today’s announcement is proof of what we as Wisconsinites have long known: We have world-class universities, a second-to-none workforce, and a thriving private sector that will drive the next wave of American innovation. Make no mistake, this investment in the Badger State will create and support thousands of good paying jobs, grow our Made in Wisconsin economy, and revolutionize health care as we know it – helping people get the care they need earlier and faster,” said Senator Baldwin.

Wisconsin was one of 12 Tech Hub applicants awarded a Phase 2 Implementation Grant under the U.S. Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs (Tech Hubs) program.

Copyright 2024 WBAY. All rights reserved.