New Data: President Biden’s Agenda Is Investing In Wisconsin
FOR IMMEDIATE RELEASE: April 3, 2023
PRESS CONTACT: Olivia Eggers, (860) 913-1890, [email protected]
NEW DATA: PRESIDENT BIDEN’S AGENDA IS INVESTING IN WISCONSIN
140,000 new jobs, $4 billion in private sector investments, and 129,000 new business filings under President Biden’s “Invest in America” agenda
WASHINGTON, D.C. — 140,000 new jobs. $4 billion in private sector investments. Unemployment down by 1.9%. 129,000 new business filings in Wisconsin. Historic funding for infrastructure, lower costs for families, and greater opportunities for workers and small business owners.
This is the impact of President Biden’s “Investing in America” agenda in Wisconsin. The Biden-Harris Administration is delivering historic funding statewide to rebuild infrastructure, fuel manufacturing, and more — and the impact is already visible.
On President Biden’s watch, $4 billion in private sector investments is headed to Wisconsin:
- Arrowhead Pharmaceuticals is investing $220 million just outside of Madison, creating 250 new jobs in its first fully-dedicated drug manufacturing facility.
- Georgia-Pacific is investing $500 million to expand its Green Bay paper-related production facility, creating 100 new jobs and hiring over 500 construction workers.
- WEC Energy Group is investing $426 million just outside of Milwaukee for the state’s first large-scale solar and battery storage project.
The Inflation Reduction Act signed by President Biden delivers $2.8 billion to 182 projects across Wisconsin, including:
- Columbia County was awarded $80 million to replace the existing I-39/90/94 Wisconsin River Bridge with two new bridge spans to serve traffic flowing in opposite directions.
- Communities in northeastern Wisconsin will benefit from $13.5 million to replace an existing two-lane structure over Springbrook Creek with a new four-lane bridge that includes both bicycle and pedestrian accommodations.
- The City of Crandon, the Forest County Potawatomi Community Stone Lake Reservation, and the Otter Springs Recreation Area will benefit from $9 million to construct a 5-mile walking and biking path along US Highway 8 to link these communities.
- The General Mitchell International Airport was awarded $5.1 million to remove existing roof material and install a new roof that will make the buildings more weather-resilient and energy efficient.
And President Biden’s cost-cutting agenda saves Wisconsin families money:
- Over 1,123,000 Wisconsinites on Medicare have access to free vaccines and capped insulin costs at $35/month. Next year, they’ll see their prescription costs capped at $2,000/year.
- 221,000 Wisconsinites have signed up for more affordable health coverage through the ACA Marketplace, saving them thousands yearly thanks to President Biden’s work to lower premiums.
- Over 322,000 Wisconsin households have access to lower-cost internet through the Affordable Connectivity Program.
- New homeowners in Wisconsin will save 21.6% on average on their yearly utility bills if state and local governments use new grants to update their building energy codes.
“The numbers are clear: President Biden’s agenda is delivering for Wisconsin,” said Building Back Together spokesperson Olivia Eggers. “He’s investing in people and places that have historically been left out and left behind. We’re seeing new manufacturing facilities being built in communities across Wisconsin, creating good-paying jobs that you can raise a family on. When President Biden says he’s fighting for working people, he means it – and he’s going to keep building on this progress to help Wisconsin families, workers, and small business owners get ahead.”
Read more about the ways President Biden’s Investing in America agenda benefits Wisconsinites here.