A Milestone for Middleton and Beyond
In a significant move to further enhance the biohealth sector, Thermo Fisher Scientific is set to expand its operations in Middleton, Wisconsin, with a $58 million investment. This expansion is not just a win for the company but a significant boost for the local economy, promising hundreds of new jobs and a stronger community.
Background on Thermo Fisher Scientific
Thermo Fisher Scientific, headquartered in Waltham, Massachusetts, is a global leader in serving science. Formed through the 2006 merger of Thermo Electron and Fisher Scientific, the company has grown exponentially through strategic acquisitions, including Life Technologies Corp., Affymetrix, FEI Co., and PPD Inc. With annual revenues exceeding $44 billion, Thermo Fisher offers a vast array of analytical services and laboratory solutions for drug development and biopharmaceuticals.
Expansion Details
Governor Tony Evers, alongside company officials and local leaders, recently celebrated the groundbreaking of this new venture. The expansion includes a 72,500-square-foot building at the company’s Good Manufacturing Practices (GMP) lab. This facility will significantly enhance the site’s chemistry, manufacturing, and control (CMC) analytical capabilities. The Wisconsin Economic Development Corporation (WEDC) is supporting this project by authorizing up to $2.15 million in performance-based tax credits, contingent on job creation and capital investment through September 2026.
Economic Impact
The economic implications of this expansion are profound. The new facility is expected to create approximately 350 new jobs, adding to the nearly 2,300 employees already working at Thermo Fisher’s research campus in the region. This influx of highly skilled professionals will contribute to the local economy, providing new opportunities and fostering community growth.
Governor Evers emphasized the importance of this project, stating, “This new state-of-the-art facility will not only further advance our state’s biosafety testing capabilities and create hundreds of jobs, but it will also help protect consumers and improve patient health outcomes across the state.”
Community and Industry Support
Local and state representatives have shown overwhelming support for the expansion. U.S. Rep. Mark Pocan highlighted how this investment will help the local economy flourish, while State Sen. Dianne Hesselbein praised Thermo Fisher for recognizing the great workforce and community in Middleton.
Missy Hughes, WEDC Secretary and CEO, remarked, “Thermo Fisher plays a key role in our state’s biohealth and biotechnology industry by providing many of the clinical services companies need to bring safe and effective treatments to patients. Their continued growth is a huge win for innovation in our state.”
Advancing Health and Science
Leon Wyszkowski, President of Analytical Services, Clinical Research at Thermo Fisher Scientific, expressed excitement about the expansion, “We are thrilled to expand our overall capacity and capabilities in laboratory services to help our customers deliver therapies that meet the highest quality and safety standards for patients.”
Looking Ahead
Madison Region Economic Partnership (MadREP) has also played a pivotal role in facilitating this project. Jason M. Fields, President & CEO of MadREP, shared his insights on the significance of this expansion, “The collaboration between Thermo Fisher Scientific and MadREP underscores our commitment to fostering innovation and economic growth in southcentral Wisconsin. We are proud to support such advancements in the bioscience sector and are hopeful for the continued progress and future developments that will stem from this partnership.”
As the region continues to grow as a hub for biohealth and biotechnology, such collaborations are essential to driving forward scientific research and medical advancements, ultimately improving patient care and safety across the globe.
Thermo Fisher Scientific’s $58 million expansion in Middleton is a testament to the company’s commitment to enhancing health and safety through scientific innovation. This project not only strengthens Wisconsin’s position as a leader in the biohealth sector but also provides significant economic benefits to the local community.
Stay tuned for more updates as this exciting project progresses. If you’re a business professional looking to leverage the latest advancements in biohealth, consider exploring the opportunities this expansion presents. Together, we can build a healthier, stronger future for all.
