Gov. Evers, WEDC Announce Record Planned Capital Investments in Wisconsin

“Whether it’s the expansion of businesses like Kikkoman Foods and Nestle Purina in Jefferson or Rosewood Dairy’s new state-of-the-art cheese plant in Clay Banks, now is an incredibly exciting time for business growth in Wisconsin,” said Gov. Evers. “We’ve been making smart, strategic investments in our infrastructure, our schools, our communities, and our workforce, and those efforts are paying off. Businesses want to expand or move to Wisconsin because they know we’ve got the hardworking people, innovative spirit, and strong institutions to ensure they succeed here.”

This announcement also comes as last week, Gov. Evers, together with the Wisconsin Department of Workforce Development (DWD), announced Wisconsin achieved new record highs for employment and total nonfarm jobs during June 2024, according to preliminary estimates from the U.S. Bureau of Labor Statistics. In addition, yesterday, Gov. Evers and DWD announced that Wisconsin ranked first in the nation for inflation-adjusted hourly earnings growth during February, March, and May 2024 and second in the nation during April, according to the preliminary data on private sector worker earnings released by the U.S. Bureau of Labor Statistics.

“I’ve been saying recently that Wisconsin is having a moment—as the world focuses on the 2025 NFL Draft in Green Bay, the Wisconsin season of Top Chef, and other exciting events we’re attracting to our state. But the reality is, we’re not having a moment. We have momentum,” said WEDC Secretary and CEO Hughes. “Our state is making record investments in our communities, our workers, and in the types of innovation that will continue to put Wisconsin in the lead for generations.”

A non-exhaustive list of projects supported by the Evers Administration through WEDC include:

In total, WEDC authorized more than $62 million in performance-based tax credits to generate over $2.4 billion in capital investments, a staggering 40:1 projected return on investment. The projects are also expected to create a total of almost 5,000 jobs statewide.

The capital expenditure figures represent only investments for projects WEDC has assisted in the past year, which does not include private sector-only investments in Wisconsin, such as Microsoft’s planned $3.3 billion datacenter in Mount Pleasant, Eli Lilly and Company’s purchase of Nexus Pharmaceuticals in Mount Pleasant, or Asahi Breweries’ purchase of Octopi Brewing in Waunakee, among other major projects.

In FY24, Gov. Evers and WEDC also created the $100 million Wisconsin Investment Fund, the largest public-private investment partnership in state history, to assist innovative start-ups in Wisconsin. Roughly one-fourth of the fund’s initial investments are targeted at the state’s growing biohealth and biotechnology sectors, which will build on the $49 million Wisconsin will receive from the U.S. Economic Development Administration for Wisconsin’s designation as one of 12 national U.S. Regional Technology Hubs.

Additionally, WEDC assisted a record 131 communities through its Main Street and Connect Communities programs and provided more than $33 million in grants and other funding through its Business and Community Development Division to support workforce housing, child care, and downtown redevelopment projects in FY24.

WEDC also continues to address the state’s workforce needs through the Workforce Innovation Grants, which are administered in partnership with DWD. Twenty-seven projects are meeting regional workforce needs—such as worker training, transportation, child care, and affordable housing—through the $128 million grant program.