U.S. Sen. Baldwin: Delivers $49 Million for Wisconsin Biohealth Tech Hub to invest in jobs, innovation, and research

WISCONSIN – Today, U.S. Senator Tammy Baldwin hosted a press conference to celebrate the $49 million investment she secured for Wisconsin’s Tech Hub to grow the state’s personalized medicine and biohealth sector – advancing research and innovation, growing our economy and creating jobs, and boosting American competitiveness in a cutting-edge industry. Senator Baldwin was joined on the call by Wisconsin Economic Development Corporation CEO and Secretary Missy Hughes, BioForward Wisconsin CEO Lisa Johnson, and Rockwell Automation CEO Blake Moret.

WATCH: Senator Baldwin hosts press conference on new investment for Wisconsin’s Biohealth Tech Hub

The $49 million in funding, which was made available through the Baldwin-backed CHIPS and Science Act, will allow Wisconsin’s consortium of public and private partners to boost research and expand lab space, increase coordination and collaboration, improve access to capital to start and grow businesses, and further build out the personalized medicine and biohealth technology sector. Personalized medicine is a medical approach that tailors prevention and treatment to the individual characteristics of each patient, including using genetic makeup, medical history, and environmental and lifestyle information to improve patient outcomes.

“Today’s announcement is proof of what we as Wisconsinites have long known: We have world-class universities, a second-to-none workforce, and a thriving private sector that will drive the next wave of American innovation. Make no mistake, this investment in the Badger State will create and support thousands of good paying jobs, grow our Made in Wisconsin economy, and revolutionize health care as we know it – helping people get the care they need earlier and faster,” said Senator Baldwin. “Today’s announcement recognizes our state’s rich history of innovation and manufacturing and doubles down on our state’s potential to be a major player in the next chapter of an up-and-coming industry.”

Over its first 10 years, the Tech Hub designation is projected to create more than 30,000 jobs in the personalized medicine sector and over 111,000 indirect jobs attributable to the Tech Hub in Wisconsin. Additionally, the Tech Hub is projected to create $9 billion worth of economic development in Wisconsin within the first decade.

Today, Wisconsin was one of 12 Tech Hub applicants awarded a Phase 2 Implementation Grant under the U.S. Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs (Tech Hubs) program. To apply for this funding, projects first had to earn a Phase I Planning Grant – which Wisconsin was one of 31 projects selected for in October 2023. The competitive program saw more than 370 applications from 49 states and four territories.

As a member of the Commerce Committee, Senator Baldwin helped write and create the Tech Hub program in the CHIPS and Science Act of 2022 and has advocated for Wisconsin’s Tech Hub and investing in the Badger State’s growing personalized medicine and biohealth technology industry every step of the way. A full list of her work to secure this funding is available here.

A full recording of today’s video press conference is available here.

More information on today’s announcement is available here.

An online version of this release is available here.

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