MADISON, Wis. (WMTV) -- Promega announced their plans to expand operations in Madison a day after breaking ground on their research and development facility in Fitchburg.
The company said that it is relocating some of its manufacturing facilities from California to Madison. Public Affairs and Communications Director for the Wisconsin Economic Development Corporation said that Promega expects to create 25 new jobs and make a capital investment of $750,000 over the next three years.
The WEDC said the decision to relocate would allow Promega to bring manufacturing closer to its research and development activities.
"Wisconsin is known as a leader in the biotechnology industry, and we are proud to have a global leader like Promega headquartered in our great state," Mark Hogan, secretary and CEO of WEDC said.
The WEDC is supporting the project and authorizing $185,000 in state income tax credits over the next three years. Depending on the number of jobs created in that period, the number of tax credits Promega will receive may change.