Promega Corporation Wins Award Recognizing Organizations Making Significant Contributions to Wisconsin’s Economy
Madison, WI USA. (September 16, 2019)
Promega Corporation won the Business Retention and Expansion award for the company’s new research and development facility at the annual Community and Economic Development Awards (CEDA) ceremony held this week in Madison, WI. The CEDA Awards program was established by the Wisconsin Economic Development Association (WEDA) to recognize businesses, projects and organizations that are making significant contributions to Wisconsin’s economy.
The Business Retention and Expansion award honors innovative economic development projects where communities have successfully mobilized to help retain and potentially expand the operations of an existing business critical to the economic vitality of the community.
“We are honored to receive this award. We’re also honored to call Fitchburg home and continue to grow our business here,” said Chuck York, Vice President of Manufacturing Operations at Promega. “There’s been an innovative partnership between Promega and Fitchburg that goes back to the founding of both the company and the city. We’ve supported one another in our phases of growth.”
Founded in 1978, Promega Corporation is a leading biotechnology manufacturer that offers more than 4,000 life science products, employs over 1,600 people globally with 2018 revenue of roughly $450 million. To meet customer demand and support long-term growth, Promega is building a $190 million, 270,000 sq. ft. research and development facility that will create 100 new jobs over the next five years with average compensation of $97,000 per year.
The project is being built in Fitchburg, WI thanks to a strong partnership between Promega, the city and various state agencies. It is being financed with private investment secured by tax increment financing and a mix of state tax credits and grants.
“WEDA is excited to partner with the Wisconsin League of Municipalities, the Wisconsin Counties Association, and the Wisconsin Economic Development Corporation to present the CEDA Awards and celebrate the dedicated efforts of business and organizations, such as Promega Corporation, across the state that are advancing Wisconsin’s economy,” said WEDA Executive Director Brian Doudna.
The Business Retention and Expansion award honors innovative economic development projects where communities have successfully mobilized to help retain and potentially expand the operations of an existing business critical to the economic vitality of the community.
“We are honored to receive this award. We’re also honored to call Fitchburg home and continue to grow our business here,” said Chuck York, Vice President of Manufacturing Operations at Promega. “There’s been an innovative partnership between Promega and Fitchburg that goes back to the founding of both the company and the city. We’ve supported one another in our phases of growth.”
Founded in 1978, Promega Corporation is a leading biotechnology manufacturer that offers more than 4,000 life science products, employs over 1,600 people globally with 2018 revenue of roughly $450 million. To meet customer demand and support long-term growth, Promega is building a $190 million, 270,000 sq. ft. research and development facility that will create 100 new jobs over the next five years with average compensation of $97,000 per year.
The project is being built in Fitchburg, WI thanks to a strong partnership between Promega, the city and various state agencies. It is being financed with private investment secured by tax increment financing and a mix of state tax credits and grants.
“WEDA is excited to partner with the Wisconsin League of Municipalities, the Wisconsin Counties Association, and the Wisconsin Economic Development Corporation to present the CEDA Awards and celebrate the dedicated efforts of business and organizations, such as Promega Corporation, across the state that are advancing Wisconsin’s economy,” said WEDA Executive Director Brian Doudna.
About Promega Corporation
Promega Corporation is a leader in providing innovative solutions and technical support to the life sciences industry. The company’s 4,000 products enable scientists worldwide to advance their knowledge in genomics, proteomics, cellular analysis, drug discovery and human identification. Founded in 1978, the company is headquartered in Madison, WI, USA with branches in 16 countries and over 50 global distributors. For more information about Promega, visit www.promega.com.
