BioForward is Wisconsin’s advocate for biohealth business issues. We support the development of state policies in Wisconsin that support the health and growth of our member companies, promote our talented workforce and strengthen our already robust Wisconsin research institutions.
We are committed to educating the Wisconsin State Legislature about our industry while also informing our members about critical state legislative issues that could affect their businesses.
BioForward believes in the strength of community. We work very closely with other Wisconsin stakeholders and collaborate on a daily basis with our partners from across the biohealth industry in Wisconsin to unify our economic sector and to illustrate the potentially far-reaching impacts that legislative decisions can have on our industry and patients.
BioForward is one of the founding members of Cures for Tomorrow, a coalition of Wisconsin biohealth partners committed to continuing to educate Wisconsin citizens about the value of research to the state’s economy.
State Policy Priorities: 2017-18 Wisconsin Legislative Session
The Wisconsin State Legislature is currently out of session, but BioForward is already preparing for the 2017-19 session. Below are our top policy priorities that will define our advocacy agenda for the next state legislative session.
Promote Policies that Support Economic Development in the Biohealth Sector
A competitive business, tax and regulatory environment is critical for businesses located in the State of Wisconsin. As such, BioForward supports legislation and administrative rules that enhance a strong business climate for our member companies.
We support state economic development initiatives that will help our biohealth companies thrive and grow. We work with the state legislature to encourage the development of new tax and business incentives that make sense for the state’s economy and that benefit our biohealth economy.
Wisconsin’s biohealth industry has a major economic impact. This industry contributes $27 billion in total economic output and generates $716 million in total state and local tax revenue. Innovation is a driving force on bringing prosperity to Wisconsin. Over 3,000 patents have been granted during the last 5 years and federal funding for research and development exceeds $1 billion in NIH funding and other capital sources per year.
Support Policies that Enhance Wisconsin’s Research Institutions and Foster Partnerships with Private Companies
At BioForward, we believe that a strong biohealth economy is inextricably linked to a thriving research base. Our research institutions are world-wide leaders in innovation and intellectual property creation. Accordingly, our state legislative program is fiercely supportive of initiatives that will further enhance our world-class research institutions.
We not only support strong funding for research institutions across Wisconsin, we are continually looking for opportunities to enhance and develop partnerships between institutions and private companies.
According to the Milken Institute State Technology and Science Index 2014 report, “States that continued to invest in innovation and education are emerging stronger from the recession.” The report recommends that “decision-makers “…rethink the recessionary policies that led to cuts in spending and significant tuition increases at public universities. These universities are among the nation’s greatest assets in innovation, and state leaders must be mindful of pricing the future generation of scientists and engineers out of the market.” At BioForward, we believe that strong research institutions are an essential, irreplaceable element to a strong biohealth economy.
Supporting higher education, promoting university research and fostering technology transfer is directly linked to strengthening Wisconsin’s bio-economy and is a priority for BioForward. The following are Wisconsin’s major technology transfer offices:
Promote Improved Access to Capital and Partnership Opportunities for Existing and Emerging Companies
Wisconsin has made great strides, but still has room to grow, in terms of increasing access to funding and business partnerships for early stage research, development and product commercialization.
BioForward continually supports state and local initiatives that will encourage Wisconsin investments and collaborations that foster the growth of emerging companies in our state. We work with state decision-makers to focus on our sector because its growth can shape the economy statewide.
For every one direct biohealth job, two more indirect jobs are created in Wisconsin. Wisconsin’s biohealth industry has 105,000 direct and indirect induced jobs. Average wages of $73,241 exceed private sector average wage in Wisconsin by more than $30,000 and contribute over $6.5 billion in employee compensation.
Key state government sponsored investment programs that support this industry include:
Be watching our web site for state legislative updates.