Promega could earn $185K in tax credits
Promega Corp. could earn up to $185,000 in state tax credits as part of its plans to relocate some of its manufacturing facilities from California to Greater Madison, according to the Wisconsin Economic Development Corp.
WEDC says it’s supporting the project by authorizing the tax credits through March of 2019, but the actual amount Promega receives is contingent upon the number of jobs created during that period. The Fitchburg-based biotechnology company wants to relocate some of instrument manufacturing so that it can be done closer to local research and development activities.
Promega also recently announced a $190 million, 270,000-square-foot expansion of the R&D facility on its Fitchburg campus.