20 Sep Gov. Evers: Announces Catalent Biologics expansion in Madison
MADISON, WI. SEPT. 20, 2019 – Catalent Biologics’ cell line development and biomanufacturing site in Madison is expanding with a $75 million investment expected to create at least 145 new jobs by the end of 2021, Governor Tony Evers, local leaders and company officials announced today.
“We are grateful Catalent has decided to continue investing in Wisconsin and create opportunities in Madison,” said Governor Evers. “The numerous high-paying jobs created by this expansion will require an educated workforce to support new roles, which provides another example of how backing education in Wisconsin creates opportunities for businesses to grow and utilize our strong workforce.”
“This latest expansion is to support our customers who are developing cutting-edge, often life-changing therapies,” said Graham Brearley, general manager of Catalent Biologics. “Through our expansion, we are thrilled to partner with the state to bring more high-tech jobs to the highly skilled people of Wisconsin and help make better treatments to positively impact patients around the world.”
The Wisconsin Economic Development Corporation (WEDC) is supporting the project by authorizing up to $1,300,000 in state income tax credits over the next three years. The actual amount of tax credits Catalent will receive is contingent upon the number of jobs created and the amount of capital investment during that period.
Sorry, the comment form is closed at this time.