Statement from Chamber President on Signing of CHIPS and Science Act into Law

FOR IMMEDIATE RELEASE (August 9, 2022)
Contact: Erik Greenfield, Communications Manager, 608-443-1952 (office), 608-669-7884 (cell)

Statement from Chamber President on Signing of CHIPS and Science Act into Law

MADISON – Today, President Biden signed into law the $280 billion CHIPS and Science Act. Included in the law is a $10 billion investment over five years to create 20 geographically distributed “regional technology hubs” that will focus on technology development, job creation and expanding U.S. innovation capacity.

The Greater Madison Chamber of Commerce has partnered with the Brookings Institution on this issue and led multiple delegations of Greater Madison business leaders to Capitol Hill to advocate for this proposal. In response to the signing, Chamber President Zach Brandon released the following statement:

“The regional technology hubs program represents an extraordinary, bipartisan effort to maximize Greater Madison’s – and the nation’s – economic potential.

“This is a huge opportunity for Greater Madison and Wisconsin. A 2019 Brookings report touted our region as the prime candidate for tech hub growth and the need to develop more such hubs across the nation’s heartland.

“We are excited about this opportunity to bolster well-positioned metros to establish more superstar cities, create more prosperity and strengthen our global innovation standing.”

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. 

###