Madison potentially poised to be recipient of Biden’s CHIPS Act
MADISON, Wis. (WMTV) - President Joe Biden said he’s giving the nation a $280 billion boost to make key products right here in the U.S.
Biden signed the CHIPS and Science Act into law on Tuesday during a ceremony at the White House.
In the CHIPS Act, roughly $10 billion will be dispersed among 20 different regions in the U.S.
Madison is poised to be one of those 20 regions, according to Madison Chamber of Commerce President Zach Brandon.
“It really could completely change this community. It could put Madison in the same reference point like Austin, Texas and Boston, Massachusetts,” Brandon said.
Brandon said a proposal still has to be put in place before the city secures a part of the funding, but a portion of CHIPS funding could help reclaim the future for Madison.
“We think about Silicon Valley as sort of the dominant place of innovation. What this legislation does and what this investment does is creates the opportunity for the heartland of the country, the middle part of the country to become those places of innovation so that we remain globally competitive,” Brandon said.
Brandon said having the University of Wisconsin’s research facilities in Madison helps the possibility to receive CHIPS funding.
“Think about the research University that we have. We have a global powerhouse research University. You think about the historic opportunity that has been,” Brandon said. “This is an opportunity to make sure we not just maintain that kind of innovation, but that we are at the forefront of creating that next generation of innovation.”
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