Executives at SHINE Medical Technologies say they could make a decision about where to build their new isotope facility – Janesville or Stevens Point – by the end of January, according to a report in the Stevens Point Journal.
SHINE Medical, based in Middleton, plans to manufacture radioisotopes used in medical procedures to help detect cancer, heart disease, and other conditions. The $80 million facility is highly coveted because it would bring an estimated 100 new jobs to the chosen community, with an average salary of between $50,000 and $60,000.
Company officials said no matter what city is chosen, SHINE Medical will need public assistance from the local municipality. Both communities have taken steps to lure the development. Janesville already has authorized its city administrator to purchase an 84-acre site, while Stevens Point has put together what city officials have called “a very aggressive” incentive package. Details of that package have not been disclosed.
