MIL-OSI USA: Baldwin Makes Final Pitch to Biden Administration to Fund Wisconsin Tech Hub

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US Senate News:

Source: United States Senator for Wisconsin Tammy Baldwin

WISCONSIN – U.S. Senator Tammy Baldwin met privately with U.S. Secretary of Commerce Gina Raimondo to make a final pitch for Wisconsin to be selected for funding for the state’s Biohealth Tech Hub, potentially unlocking up to $75 million to help grow the state’s personalized medicine and biohealth sector – spurring innovation, growing our economy, and boosting American competitiveness in this cutting-edge industry. After earning the Tech Hub designation in October 2023, Wisconsin’s consortium of 15 public and private partners organized by the Wisconsin Economic Development Corporation submitted Wisconsin’s application for implementation funding in February of 2024 to continue efforts to bolster the state as a leader in personalized medicine and biohealth technology. The announcement of implementation grant funding is expected in the coming months.

“Wisconsin is a state of innovators and go-getters. We have workers who can compete with anyone in the world, a cutting-edge private sector, and endless potential – which is why we are the perfect place for a Tech Hub. Bringing a Tech Hub to Wisconsin will not only grow our Made in Wisconsin economy and create good paying jobs, but it will also push the envelope in personal medicine, helping people around the world get better health care and live healthy lives,” said Senator Baldwin. “I’m calling on the Biden administration to fund Wisconsin’s Tech Hub, helping us create good-paying jobs in an expanding sector, create more opportunities for our businesses, and grow our Made in Wisconsin economy.”

Earlier this year, Wisconsin submitted its application for Phase 2 Implementation Grants funding under the U.S. Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs (Tech Hubs) program, a program created by the Baldwin-supported CHIPS and Science Act. Wisconsin, along with the other 30 Tech Hub designations, is now competing for funding from the EDA. The EDA expects to fund approximately 3-8 projects – totaling between $40 million and $75 million each – that aim to collectively address the region’s key inhibitors of global competitiveness.

Senator Baldwin has advocated for investing in the Badger State’s growing personalized medicine and biohealth technology industry every step of the way – helping pass the bipartisan CHIPS and Science Act of 2022, securing an initial $500 million to fund the program, and successfully advocating that Wisconsin receive a Tech Hub designation.

MIL OSI USA News