Gov. Scott Walker today will formally sign an agreement for the Wisconsin Economic Development Corp. to invest $750,000 over three years in the Milwaukee Water Council Inc.
The signing will take place at 1:15 p.m. in Milwaukee at Badger Meter Inc.
Signing the agreement formalizes the announcement made in January that WEDC will help underwrite start-up water technology companies’ tenancy costs in the Water Technology Research and Business Accelerator Building in Milwaukee.
“Wisconsin is positioned as one of the few water technology leaders in the world,” Walker said. “Water is a critical human and economic resource. Support from the state of Wisconsin will help advance the impressive work already completed by the Milwaukee Water Council to new levels of global business development.”
The $750,000 investment, combined with the support of partners, is intended to accelerate the development of Milwaukee and the metro region as the most advanced hub of water resource management in the world.
The research and business accelerator building will include resources to support the water technology industry.
The Water Technology Research and Business Accelerator Building is adjacent to the Reed Street Yards in Walker’s Point. The City of Milwaukee intends to develop the 17-acre parcel into a water technology business park.
