Economic Development

Wisconsin Celebrates Tech Hub Status and $49M Investment in Biohealth

Jessica Reilly · Jul 3, 2024 ·

The announcement that Wisconsin has been officially designated as a U.S. Regional Tech Hub is a game-changer for the state’s biohealth and personalized medicine sectors. This milestone brings with it a $49 million federal grant designed to boost research, innovation, and job creation. For biohealth industry professionals, investors, and site selectors, this news marks a significant step forward in establishing Wisconsin as a leader in cutting-edge health technologies. Read on to discover how this development will impact the region and what you can expect in the coming years.

Today’s Announcement and its Impact on Wisconsin

The U.S. Economic Development Administration (EDA) has approved $49 million in Phase 2 funding for the Wisconsin Biohealth Tech Hub. This approval is part of the Regional Technology and Innovation Hubs program and positions Wisconsin as one of just 12 Tech Hubs across the nation to receive such funding. The announcement is a testament to the state’s growing influence in the biohealth sector and its potential to lead in personalized medicine.

Madison Region’s Growing Role as a Biohealth Leader

For the Madison Region, this designation means significant economic growth and job creation. The Tech Hub is projected to create up to 30,000 jobs over the next decade and generate $9 billion in economic activity. The Madison Regional Economic Partnership (MadREP) will play a crucial role in these developments, working alongside other consortium members to implement technology and workforce projects.

MadREP will be instrumental in coordinating efforts between public and private partners. This includes managing projects that span from health data analytics to mobile cancer screening initiatives. By leveraging its local expertise and industry connections, MadREP will ensure that the Madison Region fully capitalizes on this opportunity.

“This is a landmark achievement for Wisconsin’s Madison Region,” said MadREP CEO Jason M. Fields. “The $49 million in funding will not only bolster our biohealth capabilities but also set the stage for long-term economic growth and job creation. We’re excited to be part of the team leading this charge and demonstrate the power of collaborative innovation.”

Madison is already well-known for its concentration of bioscience companies. This sector has been a driving force behind the regional economy, supporting thousands of high-paying jobs and fostering innovation. The new funding will only strengthen this sector, providing resources to expand lab space, enhance research capabilities, and improve manufacturing coordination.

What’s Next for Wisconsin?

Looking ahead, Wisconsin and the Madison Region will focus on several key projects to advance personalized medicine and biohealth technologies. These include:

Wisconsin Health Data – Led by UW-Madison, this project aims to accelerate product development and improve clinical treatments through personalized health data.
CAREScan Mobile Cancer Screening – Managed by the Medical College of Wisconsin, this initiative will deploy mobile screening units to increase early cancer detection rates.
Image-Guided Personalized Therapies – Overseen by GE Healthcare, this project will integrate AI and personalized health data to develop new therapeutic technologies.

These projects are expected to have a far-reaching impact, not just in terms of healthcare outcomes but also in driving economic development. By fostering innovation and collaboration among various stakeholders, Wisconsin aims to set a new standard in biohealth technology.

Engaging the Biohealth Community

MadREP is committed to fostering a sense of community among economic developers and biohealth professionals. Are you an ED pro? Stay tuned for announcements about upcoming events where you can learn more about the Tech Hub’s initiatives and how you can get involved. Sign up today to stay updated on all the latest news and opportunities.

Call to Congress

While today’s announcement is a significant achievement, the work is far from over. The Chamber and consortium members call on Congress to fully fund the Regional Technology and Innovation Hubs program to its authorized amount of $10 billion. This additional funding is crucial to maximizing the program’s potential and ensuring sustained innovation and economic growth.

Final Thoughts

The designation of Wisconsin as a U.S. Regional Tech Hub is a monumental step forward for the state’s biohealth sector. With $49 million in federal funding and the promise of creating thousands of jobs, the future looks incredibly bright for the Madison Region. This achievement underscores the importance of collaboration, innovation, and strategic investment in driving economic growth and improving healthcare outcomes.

The Wisconsin Biohealth Tech Hub is set to revolutionize the industry, and we invite you to be part of this transformative journey. Sign up today to get involved and make a lasting impact.

For further details, visit the Wisconsin Tech Hub website and stay connected with the Wisconsin Biohealth Tech Hub community.

Wisconsin Gears Up for More Fab Labs in 2024

Jessica Reilly · Jun 24, 2024 ·

2024 is shaping up to be an exciting year for education and workforce development in Southcentral Wisconsin, as the region prepares to welcome a new wave of fab labs. These high-technology workshops are set to revolutionize how students and professionals engage with science, technology, engineering, arts, and mathematics (STEAM). Let’s explore what this means for the Madison Region.

“Fab labs are a cornerstone of our commitment to fostering innovation and economic growth in the Madison Region. By providing state-of-the-art technological resources and hands-on learning opportunities, we are equipping the next generation with the skills and creativity necessary to excel in an increasingly competitive global market.”
Jason M. Fields, CEcD, CFEI, CCRS, President & CEO of MadREP

The 2024 Fab Labs Awards Announcement

In April 2024, the Wisconsin Economic Development Corporation (WEDC) and Governor Tony Evers announced a significant investment in the state’s educational infrastructure. Over $493,000 in grants have been distributed among 18 school districts to establish or expand fab labs. This initiative is a strategic move to equip students with the skills needed for the modern workforce and ensure that Wisconsin remains competitive in a rapidly evolving economic landscape.

Fab Labs in the Madison Region

The Madison Region, comprised of Columbia, Dane, Dodge, Iowa, Green, Jefferson, Rock and Sauk counties, is a hotspot for these new developments. four school districts in our Region (Deerfield Community School District, DeForest Area School District, Fall River School District and Waunakee Community School District) have been awarded fab lab grants, bringing the total number of fab lab awards in the Region to an impressive twenty-six. These grants represent a commitment to fostering innovation and providing students with hands-on learning experiences.

What Are Fab Labs?

Fab labs, short for fabrication laboratories, are high-technology workshops equipped with state-of-the-art manufacturing components like 3D printers, laser engravers, computer numerical control (CNC) routers, and plasma cutters. These facilities enable students and professionals to design, prototype, and create physical objects, bridging the gap between theoretical knowledge and practical application.

The Role of Fab Labs in Workforce Development

Fab labs play a crucial role in workforce development by providing students with practical experience in STEAM fields. They help cultivate a skilled workforce ready to tackle the challenges of the 21st-century economy. By engaging with advanced technologies, students gain valuable skills that are directly applicable to industries such as manufacturing, engineering, and design.

Other Districts Receiving Fab Lab Awards

In addition to the schools in the Madison Region, several other districts across Wisconsin have received fab lab grants, including:

Butternut School District – $22,000
Racine Unified School District – $25,000
Tri County Area School District, Plainfield – $25,000
CESA 3 (Consortium) – Fennimore – $47,396
Hayward Community School District – $25,000
School District of Nekoosa – $25,000
New Lisbon School District – $25,000
Random Lake School District – $24,300
St. Croix Central School District – $25,000
Washington Island School District – $25,000
Weyauwega-Fremont School District – $25,000
Whitehall School District (Consortium) – $50,000

The Impact of Fab Labs on the Community

The introduction of fab labs has a ripple effect that extends beyond the classroom. These facilities serve as hubs for innovation and collaboration, bringing together students, educators, and industry professionals. They foster a culture of creativity and problem-solving, encouraging participants to think critically and develop solutions to real-world challenges.

Why Fab Labs Are Essential for Future Growth

In an era where technology is rapidly advancing, it is essential to equip the next generation with the skills and knowledge required to succeed. Fab labs provide a unique opportunity for students to engage with cutting-edge technologies and develop a deep understanding of STEAM subjects. This hands-on experience is invaluable in preparing them for future careers.

How Fab Labs Enhance Learning

Fab labs offer an interactive and immersive learning environment that goes beyond traditional classroom teaching. Students can see their ideas come to life as they work on projects that require critical thinking and technical skills. This experiential learning approach helps students retain information better and fosters a love for learning.

The Role of Educators in Fab Labs

Educators play a pivotal role in the success of fab labs. They guide students through the learning process, helping them understand complex concepts and encouraging them to explore new ideas. Professional development for teachers is also essential to ensure they are well-equipped to utilize fab lab resources effectively.

Success Stories from Fab Labs

There are countless success stories from schools that have integrated fab labs into their curriculum. For instance, students at Seymour High School have used their fab lab to develop innovative projects, ranging from robotics to custom-designed furniture. Projects like these not only enhance their technical skills but also boost their confidence and creativity.

Future Prospects for Fab Labs in Wisconsin

The future looks bright for fab labs in Wisconsin. With continued support from the WEDC and state government, more schools will have access to these valuable resources. WEDC will provide grants of up to $25,000 to eligible Wisconsin public school districts, or up to $50,000 to consortiums of two or more public school districts, for the creation and/or expansion of fabrication laboratories within the school district(s). Visit WEDC’s fab lab resource page to learn more.

How to Get Involved with Fab Labs

If you are interested in fab labs, consider collaborating with local schools, participating in workshops and training sessions, or even setting up a fab lab in your community. WEDC’s fab lab resource page offers valuable information on getting started.

The expansion of fab labs in Southcentral Wisconsin is a significant step towards building a brighter future for students and professionals alike. These high-technology workshops provide invaluable hands-on learning experiences, prepare students for future careers, and foster a culture of innovation and creativity.

If you’re passionate about education and technology, now is the perfect time to get involved and make a difference. Explore the opportunities that fab labs offer and join the movement towards a more skilled and innovative workforce. For more information on how to set up a fab lab or to access resources, visit the Wisconsin Economic Development Corporation’s website.

Thermo Fisher Scientific’s $58 Million Expansion in Middleton

Jessica Reilly · Jun 21, 2024 ·

*Image Courtesy of Wisconsin Economic Development Corporation*

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.

Kikkoman Groundbreaking in Wisconsin

Jessica Reilly · Jun 14, 2024 ·

In a spectacular event showcasing collaboration and growth, Kikkoman Foods Inc. recently broke ground on a new state-of-the-art manufacturing facility in Jefferson, Wisconsin. This significant event marks another milestone in the longstanding relationship between Kikkoman and the state of Wisconsin.

Why is This Groundbreaking Important?

This groundbreaking ceremony was not just another corporate event; it was a testament to decades of mutual trust and cooperation. The new facility represents a major investment of more than $800 million, including a $560 million investment in Jefferson and an additional $250 million expansion at Kikkoman’s existing facility in Walworth. Governor Tony Evers, along with Kikkoman Chairman and Honorary CEO Yuzaburo Mogi, Wisconsin Economic Development Corporation (WEDC) Secretary and CEO Missy Hughes, and other local leaders, gathered to celebrate this remarkable step forward.

“Today’s events are a watershed moment in Wisconsin’s relationship with a global brand like Kikkoman,” said Gov. Evers. “The strong connection between Wisconsin and Japanese businesses like Kikkoman has been instrumental in driving Wisconsin’s economic growth, bolstering innovation, and creating valuable employment opportunities.”

The Impact on Southcentral Wisconsin

The new facility in Jefferson is set to create at least 83 high-paying jobs over the next 12 years. This is a significant boost for local employment and economic development. The facility will also serve as a model of modern, highly automated food manufacturing, contributing to Wisconsin’s burgeoning reputation as a hub for food and beverage innovation.

“The site selection process is incredibly competitive and Kikkoman’s choice to establish roots in Jefferson County underscores the county’s reputation as a prime destination for food and beverage manufacturers,” said Deborah Reinbold, President of Thrive Economic Development. “Transformative projects of this magnitude require the dedication and cooperation of many, and this success is a testament to our collective efforts.”

MadREP VP of Economic Development Everett Butzine amplified her sentiments, stating, “Supporting our county partners at Thrive through the site selection process has been profoundly gratifying. At MadREP, we are fortunate to collaborate with such outstanding county partners.”

Jefferson Mayor Dale Oppermann emphasized the importance of Kikkoman’s investment by stating, “Kikkoman’s decision to invest in Jefferson underscores the strength and appeal of our local food and beverage niche. We appreciate the trust Kikkoman has placed in our community and look forward to a long, prosperous partnership.”

Role of Regional Economic Development

The Wisconsin Economic Development Corporation (WEDC) has been a pivotal player in facilitating this investment. WEDC will award up to $15.5 million in performance-based tax credits to support Kikkoman’s expansion efforts. “WEDC is pleased to support Kikkoman’s growth in our state and the bright future it promises for our communities,” said Missy Hughes, Secretary and CEO of WEDC.

The collaborative efforts between state and local governments, economic development agencies, and private enterprises underscore the importance of regional economic development in fostering large-scale investments. These partnerships are crucial for attracting and retaining global businesses, which in turn drive job creation and economic growth.

Economic Partnership with Japan

Japan has long been a significant partner for Wisconsin, both economically and culturally. There are currently 81 Japanese companies with over 224 operations throughout the state, creating approximately 9,000 jobs. Since 2013, Japan has invested over $2.6 billion in Wisconsin, making it the second-largest investor in the state after Canada.

Governor Evers’ recent participation in the White House State Dinner in honor of Prime Minister Kishida Fumio further highlights the deep-rooted economic ties and the mutual benefits derived from such partnerships. This solidifies Wisconsin’s role in fostering international economic relationships and underscores the state’s commitment to maintaining and growing these valuable connections.

Conclusion

The Kikkoman groundbreaking ceremony in Jefferson is more than just the start of constructing a new facility; it marks a new chapter in Wisconsin’s economic story. With substantial investments, job creation, and the continuous support from regional economic development entities, Kikkoman’s expansion promises a brighter future for Southcentral Wisconsin.

If you’re keen on learning more about how investments like these can impact local economies or are interested in exploring business opportunities in Wisconsin, our team of experts is here to help. Contact us today to discover how we can assist you in navigating this dynamic economic landscape.

Thriving at the Intersection of Economic Development and Diversity

Jessica Reilly · May 8, 2024 ·

On May 2nd, 2024, over 500 business, government, and community leaders gathered at the Monona Terrace Community and Convention Center for the 11th Annual Madison Region Economic Development & Diversity Summit. Organized by the Madison Region Economic Partnership (MadREP) and the Urban League of Greater Madison (ULGM), this event has become a crucial platform for addressing the economic and diversity issues impacting the Madison Region.

This year’s summit, presented by Alliant Energy and UW Health, was filled with inspiring keynote speakers, interactive workshops, insightful panel discussions, and engaging breakout sessions. Here, we recap the key highlights and takeaways from this much-anticipated event.

Dynamic Keynote Speakers

LeRoy Butler’s Motivational Speech

LeRoy Butler, former NFL player and Pro Football Hall of Famer, took the stage with an inspiring keynote that emphasized the importance of perseverance and community support. Butler shared his personal story of overcoming adversity, from his childhood challenges in a crime-infested housing project to his triumphant career with the Green Bay Packers. His message resonated deeply with the audience, reminding everyone that no matter the circumstances, perseverance and community can pave the way to success.

Michele Ghee on Reframing Our Value

Michele Ghee, Business Transformation Visionary and former CEO of Ebony & Jet Magazine, captivated the audience with her presentation titled “Reframing Our Value.” She highlighted the transformative potential of diversity and inclusion in business practices. Ghee’s insights on how businesses can harness the power of diverse perspectives to drive innovation and growth were both enlightening and motivating.

Quality of Life in Wisconsin and the Madison Region

Presentation by Mckenzie Boyce

PhD student Mckenzie Boyce delivered a compelling presentation on the quality of life in Wisconsin and the Madison Region. Boyce highlighted traditional and contemporary economic development measures, emphasizing the shift from focusing solely on jobs and businesses to prioritizing people and quality of life. Her research on telework, financial literacy, broadband adoption, and community economic development provided valuable insights into the factors contributing to a higher quality of life in the region.

Workshop Highlights

Multi-Generational Teams by Chisa Miller

Chisa Miller’s workshop on “Multi-Generational Teams” explored the challenges and benefits of managing diverse workforces spanning different generations. Miller offered practical strategies for fostering collaboration and understanding across generational divides. Attendees left with actionable insights on how to leverage the unique strengths of each generation to create a more cohesive and productive workplace.

Leveraging Community Engagement to Drive Racial Equity by the Urban Institute

Led by Mikaela Tajo and Lynden Bond from the Urban Institute, this workshop focused on effective strategies for promoting racial equity and inclusive growth through community engagement. Attendees learned the importance of partnering with community members to address underlying causes of racial inequities. The workshop provided valuable resources and toolkits to help participants integrate community engagement principles into their work.

Insightful Panel Discussions

Depoliticizing DEI Efforts

The panel discussion on “Depoliticizing DEI” tackled the challenges of maintaining diversity, equity, and inclusion (DEI) initiatives amidst political pressures. Moderated by Dr. Ruben L. Anthony, Jr., the panel featured leaders like Shiva Bidar-Sielaff, Angela Russell, and Jim Yehle, who shared their experiences and strategies for keeping DEI efforts focused and impactful. They emphasized the business benefits of DEI and how it transcends politics, driving innovation and resilience.

Business Owners of Color

In this session, business owners of color shared their success stories and the unique challenges they face. The discussion highlighted the importance of access to resources, networks, and support systems in fostering entrepreneurial success among minority communities. Attendees were inspired by these stories and gained valuable insights on how to support and uplift minority-owned businesses.

Equity and the Green Economy

Moderated by Maria Redmond, this panel explored the intersection of environmental sustainability and social justice. Panelists Valora Gutierrez, Sam Dunaiski, and Adrienne Nienow discussed how the green economy can create new opportunities for historically underserved communities. They shared strategies for ensuring that the transition to renewable energy and sustainable practices is fair and inclusive.

Interactive Breakout Sessions

AI’s Impact on DEI

This breakout session explored the role of artificial intelligence (AI) in advancing diversity, equity, and inclusion. Participants learned about AI-driven tools and technologies that can help organizations identify and address biases, improve hiring practices, and create more inclusive workplaces. The session also covered the ethical considerations of using AI in DEI initiatives.

Resources for Diverse Entrepreneurs

This session provided valuable information on resources and support available to BIPOC entrepreneurs. Attendees learned about funding opportunities, mentorship programs, and networking events designed to help minority-owned businesses thrive. The session aimed to empower entrepreneurs with the tools and knowledge needed to succeed in today’s competitive market.

Moving Forward

As the summit concluded, there was a palpable sense of optimism and determination among participants. The discussions and connections made at the event underscored the importance of collaborative efforts in advancing economic development and diversity. Attendees left with actionable insights and renewed motivation to implement inclusive practices within their organizations and communities.

The Madison Region Economic Development & Diversity Summit continues to be a crucial platform for fostering dialogue and driving progress. The lessons learned and the connections made at this year’s summit will undoubtedly contribute to a more equitable and prosperous future for the Madison Region.

That’s A Wrap

The 11th Annual Madison Region Economic Development & Diversity Summit was a resounding success, bringing together leaders from various sectors to address critical issues and share innovative solutions. The event reinforced the significance of diversity and inclusion in driving economic growth and creating resilient communities.

For those who couldn’t attend or want to learn more, consider reaching out to the Madison Region Economic Partnership (MadREP) or the Urban League of Greater Madison (ULGM). Our organizations continue to provide valuable resources and support for economic development and diversity initiatives.

Ready to take action? Connect with fellow professionals, implement the insights gained from the summit, and join us in building a more inclusive and prosperous Madison Region.