OSHKOSH, Wisconsin - Governor Scott Walker spoke at a summit today, August 26 on the relationship between higher education and economic development.
Walker says, "Research and innovation fuel new business ventures, and investing in this partnership is essential for growing our economy."
The Wisconsin Economic Development Corporation (WEDC) and the UW System created a position to coordinate efforts between the universities and the business community.
The UW system will be present and well-represented when there are meetings and decisions being made about how to increase research and economic development in the state.
According to the Wisconsin Technology Council, academic research and development is a $1.1 billion industry which has created over 38,000 jobs statewide.
And the University of Wisconsin (UW) System contributes $50 million to manufacturing research, education, and outreach every year.
At the University Research Park in Madison, over 126 companies employ more than 3,500 people with an average annual salary of $63,000. This model is now being replicated at other campuses including UW–Whitewater and UW–Stout.
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