U.Wisconsin-Madison Research Park has $825M Statewide Economic Impact
The University of Wisconsin-Madison University Research Park (URP) contributes more than $825 million to Wisconsin’s economy each year, according to a new study: The Economic Contribution of the University Research Park. The study also found that the park supports nearly 9,300 jobs statewide, and generates $43 million in state and local tax revenue each year.
URP’s efforts enhance the state and local economies, while benefiting research and educational programs at the UW-Madison. The park is a partner of UW-Madison, where the world-renowned research faculty holds more scientific patents than at any other public university in the country. The partnership generates great jobs in the community while affording tremendous access and support for URP companies at the university.
“The results of the URP economic impact study reinforces the priority we’ve put on technology transfer and fostering the growth of companies born on this campus as a result.” -Mark Bugher, director of University Research Park