FOR IMMEDIATE RELEASE
FRIDAY, AUGUST 9, 2024
CONTACT: press@opportunitywisconsin.org
Two years after CHIPS and Science Act signing, major investments are growing Wisconsin’s economy
CHIPS and Science Act, championed by Senator Baldwin and Democrats in Congress, is creating Wisconsin jobs, lowering costs, and investing in our state
MADISON, Wis. – Opportunity Wisconsin Program Director Meghan Roh released the following statement on the second anniversary of President Biden signing the CHIPS and Science Act into law:
“Thanks to the CHIPS and Science Act, which was championed by Senator Baldwin and Democrats in Congress, major investments are already transforming Wisconsin’s economy. The CHIPS and Science Act has helped spur billions of dollars in investments in our state, creating tens of thousands of new highly skilled jobs, and securing funding that will help Wisconsin be a national leader in innovation and cutting-edge industries.”
Last month Wisconsin was designated as a national Tech Hub, a program included in the CHIPS and Science Act. Along with $49 million in investments, this program is projected to create more than 30,000 jobs and over 111,000 indirect jobs over the next decade, as well as $9 billion worth of economic development are projected with the designation.
The CHIPS and Science Act has also supported investments by leading tech companies. Earlier this year, Microsoft announced it would invest $3.3 billion on the former Foxconn site near Racine to create a new AI data hub.
More information on the CHIPS and Science Act and key programs included in the law is available here.
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