— A group of Wisconsin partners is seeking a “regional tech hub” designation from federal officials focused on personalized medicine and biohealth technology.
According to yesterday’s announcement from the consortium of 15 public and private sector organizations, this designation by the federal Economic Development Administration could result in between $50 million and $75 million coming to the state. Those federal funds would be authorized under the CHIPS and Science Act of 2022, the release shows.
In a statement on the application, Gov. Tony Evers says establishing this tech hub would “only further advance our state’s standing as a leader” in biohealth and personalized medicine, while also supporting jobs, economic growth and research.
“The creation of the consortium and the application to EDA for RTH designation was all made possible by strong public and private partnerships and government at every level, and I look forward to seeing this work continue,” Evers said.
Consortium members are largely clustered in the Madison and Milwaukee areas, the release shows. These include: WEDC, UW System Administration, UW-Madison, GE HealthCare, Rockwell Automation, Exact Sciences, BioForward Wisconsin, Employ Milwaukee, Accuray, Plexus, WRTP Big Step, Milwaukee Area Technical College, Madison Area Technical College, MadREP and Milwaukee7.
These partners say the tech hub approval and funding would support improved data sharing, better alignment between supply chains and the manufacturing sector, greater capital access for startups, more lab space, coordinated workforce strategies and other benefits.
Meanwhile, the designation would also “provide new opportunities to improve care” for patients, including putting a greater focus on underserved communities, partners say. They plan to create a Patient Advisory Group to weigh in on research and product development decisions.
Yesterday’s release also hypes the potential for personalized medicine, which leverages the latest medical technologies such as advanced imaging, artificial intelligence and genomics to cater treatments to specific patients. Wisconsin Economic Development Corp. Secretary and CEO Missy Hughes calls it “one of the most dramatic advances” in medical care, noting the state is at the forefront of this field.
“We owe it to the people of our state – and the world — to continue to build on that momentum,” she said.
See the release: https://www.prnewswire.com/news-releases/wisconsin-establishes-consortium-to-expand-its-lead-in-biohealth-301902692.html
<br><b><i>Top headlines from the Health Care Report…</b></i>
— The Wisconsin Hospital Association is touting the latest CMS quality ratings, which show 38 percent of hospitals in the state received the highest rating.
And a medical imaging business has opened a new clinic in Middleton, its third in the state.
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— Wisconsin’s real estate market grew 13 percent last year to reach $842 billion, according to the Department of Revenue.
The state agency this week announced total statewide equalized property value rose by $98 billion in 2022, marking the second year in a row of double-digit growth. Of that figure, $83.1 billion was due to market value increases while $13.1 billion was due to new construction, the report shows.
DOR notes growth was seen across all property classes, led by residential with a 14 percent increase and manufacturing with 12 percent. Other categories saw between 6 percent and 11 percent growth.
At the county level, Menominee and Taylor counties had the largest increase by percentage, wth 25 percent and 24 percent, respectively.
See the full report: https://www.revenue.wi.gov/Pages/News/2023/2023-Equalized-Values.pdf
— The Department of Natural Resources has created a new website to provide information on drought conditions in the state.
The new site is being launched as nearly half of the state is experiencing severe or extreme drought conditions. It includes resources on water conservation and availability, wildfire risk and drought management.
While dry conditions are persisting this summer and worsening in some areas, the DNR notes the state hasn’t declared a drought emergency.
See the site: https://dnr.wisconsin.gov/drought
See a recent related story: https://www.wisbusiness.com/2023/state-crop-production-forecasts-down-as-drought-persists/
— Organizers of the Coolest Thing Made in Wisconsin contest are now accepting nominations for this year’s competition.
In a release yesterday, Wisconsin Manufacturers & Commerce and Johnson Financial Group kicked off the eighth annual contest, which spotlights the most popular products made in the state.
After the nomination period ending Sept. 8, the top 16 products will be selected through a popular vote and placed into a bracket tournament called Manufacturing Madness. Products that get the most votes in each matchup will move to the next round.
This year’s winning product will be announced Oct. 19 at WMC’s Business Day in Madison event.
Nominate a product and get more info here: https://www.madeinwis.com/
See the release: https://www.wmc.org/press-releases/wmc-johnson-financial-group-launch-8th-annual-coolest-thing-made-in-wisconsin-contest/
#TOP STORIES#
# One million visitors enjoy 172nd Wisconsin State Fair
http://wisconsinagconnection.com/story-state.php?Id=769&yr=2023
# Foxconn to sell Green Bay, Eau Claire properties that once intended to bring hundreds of jobs
# Madison student housing provides a tough lesson in supply and demand
#TOPICS#
# AGRIBUSINESS
– Wisconsin agricultural property value increase by 11% in 2023
http://wisconsinagconnection.com/story-state.php?Id=770&yr=2023
# CONSTRUCTION
– Developers seek to raze long-vacant Historic Third Ward tavern
– Greendale to pursue condemnation process at Southridge to advance Boston Store redevelopment
– New West Allis home improvement company serving former Window Select customers
# ENVIRONMENT
– DNR releases new drought resource webpage
# HEALTH CARE
– Another Milwaukee prenatal care business owner accused of defrauding Wisconsin’s Medicaid program
# MANAGEMENT
– Newton to step down as president, CEO of vets group
# MANUFACTURING
– De Pere paper, fiber company acquires Canadian business, invests locally
# MEDIA
– Pulitzer finalist: Colonizing Wisconsin was more about plunder than removing Indigenous people
# REAL ESTATE
– Deer District update: smaller music venue, new hotel deal near
– Developer of The Trade Milwaukee plans second Deer District hotel
# RETAIL
– Kohl’s now hiring for its new store in downtown Milwaukee’s former Boston Store
– Fleet Farm to open Muskego store next week
# PRESS RELEASES
<i>See these and other press releases:
https://www.wisbusiness.com/press-releases/ </i>
