Madison’s biohealth industry is growing.
Abingdon Health, a developer and manufacturer of rapid diagnostic tests, is expanding its operations in Madison.
The company is investing $1.8 million to build a new manufacturing facility in Madison and it anticipates it will create 46 jobs over the next three years.
The new facility aims to mirror the manufacturing capabilities of its United Kingdom operation.
The Wisconsin Economic Development Corporation will support the project with up to $370,000 in performance-based state income tax credits.
“Abingdon’s decision to locate in Wisconsin and continue to grow here reflects the strength of our state’s leadership in the field of biohealth and biotechnology, our outstanding research institutions and our highly trained workforce,” John W. Miller, secretary and CEO of WEDC, said in a statement.
The expansion will be at the University Research Park.
Over the next decade, the Wisconsin BioHealth Tech Hub is projected to create more than 30,000 direct jobs and 111,000 indirect jobs throughout the state.
