Wisconsin wants to be tech mecca. After Foxconn broken promises, the state says this time is for real
Publishing timestamp: 2024-06-25 08:26:45
Summary
Wisconsin designated as a regional Tech Hub under CHIPS and Science Act, focusing on bio-health. Effort could create 30000 jobs and spur $9 billion in economic development. Northstar Medical Radioisotopes in Beloit developing cancer diagnostics and treatments. Foxconn's failed pledge in 2017 still impacting state. Microsoft increasing investment in Mount Pleasant. Tech Hub program aims to attract workforce and companies to Southeast Wisconsin. Political questions surrounding economic development issues. Foxconn still receiving subsidies despite scaled back plans.
Sentiment: MIXED
Tickers: MSFT,
Keywords: wisconsin, microsoft corp, economy, united states government, business news, state governments, corporate management, ge healthcare technologies inc, u.s. economy, local governments,