In a historic move underscoring Wisconsin’s prowess in the realm of biohealth technology, the Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA) designated the state as a Regional Technology Hub (RTH). This monumental achievement was celebrated by an array of key figures, including the Madison Region Economic Partnership (MadREP), who were acknowledged alongside Exact Sciences, Governor Tony Evers, U.S. Senator Tammy Baldwin, and the Wisconsin Economic Development Corporation (WEDC). Together, we continue to champion Wisconsin’s leadership in personalized medicine and biohealth technology.
Governor Evers noted, “Wisconsin’s designation as a Regional Tech Hub is a testament to the strength of our state’s biohealth and personalized medicine industry. As this sector continues to grow, it will mean more high-paying jobs and economic growth for our state, as well as innovations that will transform the future of medical care for people in Wisconsin and around the world.”
Senator Baldwin, a staunch advocate for Wisconsin’s tech industry, emphasized the state’s rich tradition of innovation and the transformative potential of the Tech Hub program. She highlighted the significance of fostering collaboration and creating opportunities, sentiments echoed and amplified by MadREP.
“I’d like to congratulate our partners in this endeavor, especially BioForward Wisconsin, Exact Sciences and Senator Tammy Baldwin. To be part of the coalition that came together to form the Wisconsin Biohealth Tech Hub Consortium is an experience I, along with the rest of my team at MadREP, won’t soon forget,” said Jason Fields, CEcD, CFEI, CCRS, President and CEO of the Madison Region Economic Partnership.
“The future of Wisconsin’s personalized medicine tech hub will spur growth throughout our key industry sectors in southcentral Wisconsin. I’d also like to thank our friends at EDA. It’s an honor to work with them daily on initiatives like this one to advance economic growth and equity in the Madison Region. In fact, they recently asked our organization to pursue the Economic Development District (EDD) designation on behalf of the Region to expand opportunities to do just that!”
At the heart of this transformative journey lies the Wisconsin Biohealth Tech Hub Consortium, a collaborative effort bringing together 15 public and private partners, including esteemed entities like GE HealthCare, Rockwell Automation, and the University of Wisconsin-Madison. This coalition, uniting educational institutions, biohealth companies, precision manufacturers, and investors, aims to enhance collaboration and secure the coveted RTH designation.
The RTH designation holds the promise of transformative change, promising shared data systems, streamlined supply chains, improved access to capital, and equitable opportunities for all Wisconsinites. With Madison, Dane County’s vibrant economic epicenter, at its core, the RTH initiative is poised to not only bolster the local economy but also create a ripple effect felt across the entire state.
A cornerstone of the consortium’s vision is personalized medicine, a field poised to revolutionize healthcare. By tailoring treatments to individual patients’ specific medical needs, this approach promises faster healing, reduced reliance on chronic care, minimized side effects, and equitable healthcare access, aligning perfectly with MadREP’s vision of a thriving and healthy community.
“The Regional Tech Hub designation confirms what we already know about Wisconsin: when it comes to bringing together the best in research and development, cutting-edge manufacturing, highly skilled and educated workers, and a commitment to relentless improvement, no state is better prepared to lead the way, said Missy Hughes, secretary and CEO of WEDC. “This is a huge win in creating an economy for all, where everyone has the opportunity to live healthy, prosperous lives.”
Wisconsin’s designation as a Regional Technology Hub marks a pivotal moment in the state’s history. It signifies not just progress but a testament to the power of collaborative vision and dedicated leadership. As Wisconsin steps into this new era of innovation, it does so leading the charge, inspiring other regions and states to dream big, collaborate fervently, and, above all, believe in the transformative power of united effort.