Photo by Richard Hurd
Wisconsin Biohealth Tech Hub Approved for $49 Million in Phase 2 Funding
FOR IMMEDIATE RELEASE (July 2, 2024)
Contact: Erik Greenfield, Communications Manager, 608-443-1952 (office), 608-669-7884 (cell)
Wisconsin Biohealth Tech Hub Approved for $49 Million in Phase 2 Funding
Chamber celebrates announcement, calls on Congress to fully fund program
MADISON – Today, the U.S. Economic Development Administration announced the approval of $49 million in Phase 2 funding, as part of the Regional Technology and Innovation Hubs program, for the Wisconsin Biohealth Tech Hub application. Wisconsin’s Tech Hub, focused on personalized medicine, was one of just 12 Tech Hubs across the country to receive funding.
In response to today’s announcement, Greater Madison Chamber of Commerce President Zach Brandon released the following statement:
“This is tremendous news for Greater Madison’s and Wisconsin’s economy, and it validates our standing as a global leader in health innovation.
“The Chamber has championed the concept of a regional technology hub program going back to 2019, and it has been a cornerstone of our federal advocacy ever since. From leveraging Chamber programming to diligent behind-the-scenes work with partners and our congressional delegation, we have worked tirelessly toward the goal of creating and funding this important federal place-based economic program.
“This is a huge win for our region and our state, but our work is not done yet. We call on Congress to fund the program beyond the current appropriated amount of $500 million and reach the fully authorized amount of $10 billion to build upon today’s announced investments. This is critical to unlocking the full potential of this program and maximizing our nation’s innovation output.”
About the Greater Madison Chamber of Commerce:
The Greater Madison Chamber of Commerce is the voice of business with more than 1,200 organizations – ranging from one-person shops to corporations with more than 10,000 employees – working to bring the Greater Madison area to its full potential. The Greater Madison region is a leader in innovation. From cutting-edge technologies to distinctive retail shops to inventive services and products, our members vary greatly but are united by the region’s entrepreneurial spirit. More information can be found at madisonbiz.com.
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