Wisconsin Economic Development Corporation
Press Release

MilliporeSigma expands operations in Verona

$65 million expansion will create approximately 50 full-time jobs

By - Mar 22nd, 2021 10:02 am

MADISON, WI. MARCH 22, 2021MilliporeSigma, a leading life science company, is expanding its facility in Verona — a $65 million project expected to create approximately 50 new jobs starting this year.

WEDC is supporting the project by authorizing up to $200,000 in state income tax credits over the next three years. The actual amount of tax credits MilliporeSigma will receive is contingent upon the number of jobs created.

“Wisconsin is proud to have innovative and forward-thinking companies like MilliporeSigma develop here,” said Missy Hughes, secretary and CEO of WEDC. “Companies have a choice when deciding to expand, and MilliporeSigma’s decision to invest in Verona is a testament to Wisconsin’s strong business climate and dedicated workforce.”

MilliporeSigma plans to increase its Highly Potent Active Pharmaceutical Ingredient (HPAPI) and Antibody-Drug Conjugate (ADC) manufacturing capacity through a two-story building expansion of its Verona facility. This expansion will accommodate projected growth and provide an audit-ready facility that meets customer and internal quality requirements.

The new, 70,000-square-foot building will be one of MilliporeSigma’s largest dedicated HPAPI manufacturing facilities. MilliporeSigma provides contract manufacturing services for its customers to prepare their pharmaceutical drugs. With more than 35 years of experience in the development and manufacturing of small molecules, biologics and ADC technologies, MilliporeSigma offers extensive experience in both clinical and commercial manufacturing. The company’s comprehensive service portfolio combines the steps of drug development and production — from pre-clinical to commercial — from a single source. This consolidation helps reduce risk and streamlines the process of getting therapies to patients faster.

In addition to the roughly 50 new jobs expected to be created by MilliporeSigma, an economic modeling study estimates the project could indirectly generate 43 additional jobs in the region. Those new jobs are expected to generate $182,448 in state income tax revenue annually.

MilliporeSigma has four locations in Wisconsin focused on both biochemical production and manufacturing of complex, multi-step organic syntheses of active pharmaceutical ingredients and key intermediates.

“I want to congratulate MilliporeSigma and their expansion venture in Verona,” said state Sen. Jon Erpenbach. “It is great to see business development like this expansion that will contribute to the economic growth of our communities.”

“I applaud the efforts of MilliporeSigma in their expansion and appreciate the employment opportunities to be created for individuals in the 80th Assembly District,” said state Rep. Sondy Pope. “In addition, the support from WEDC, under Governor Evers’ leadership, shows that investing in a range of businesses can stimulate economic development that benefits us all.”

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.

Mentioned in This Press Release

Organizations:

Recent Press Releases by Wisconsin Economic Development Corporation

Expanding housing opportunities in rural Wisconsin

Projects in Ladysmith, Elkhart Lake and Rhinelander highlight efforts to address workforce needs

Unlock export growth with an International Market Access Grant

Companies have until March 15 to apply for grant funds

WEDC Board Approves Tax Incentives For A.Y. McDonald Expansion in Grant County

Investment in rural communities will create new high-paying jobs

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us