Gov. Evers, WEDC celebrate Catalent’s $45 Million expansion, adding to the state’s booming biohealth sector
Gov. Tony Evers, together with the Wisconsin Economic Development Corporation (WEDC), today joined Catalent leaders and officials to celebrate the company’s recent announcement of an estimated $45 million investment to expand their facilities and purchase new equipment for its production facility in Madison, which has created approximately 200 new highly skilled jobs.
During today’s event, Gov. Evers announced that the Evers Administration, through WEDC, is supporting Catalent’s expansion by authorizing up to $2 million in performance-based business development tax credits. The actual amount of tax credits received is contingent upon the number of jobs created and the amount of capital investment during that period.
“Catalent is a perfect example of how our world-class workforce, our outstanding educational institutions, and our culture of innovation all fit together to make Wisconsin a leader in the field of biohealth and biopharmaceuticals,” said Gov. Evers. “This announcement is an incredible win for local folks and families, this vital industry, and our state as a whole, and I look forward to seeing how this development will continue to take shape in the months ahead.”
