WEDC decides Exact Sciences doesn’t owe state anything

June 18, 2019 12:59 pm Leave a comment

Crews overseen by J.H. Findorff & Son have been building a new laboratory building for the medical-diagnostics firm Exact Sciences Corporation at 650 Forward Drive on Madison’s west side. Wisconsin's economic development agency has decided that the medical-diagnostics company is under no obligation to repay government tax credits, even though Exact Sciences has itself pledged to return $61,000 awarded for jobs that were created in other states. The new laboratory building, scheduled to open this year, is expected to lead to the creation of 250 jobs over five years and bring the company’s capacity to process Cologuard tests up to about 4.5 million a year. (Staff photo by Dan Shaw)

Wisconsin's economic-development agency has decided that the medical diagnostics company Exact Sciences Corporation doesn't have to repay the state any of the tax credits it received for creating jobs elsewhere, even though the company itself had promised to return $61,000.

Tagged with: Exact Sciences job creation Mark Hogan WEDC Wisconsin Economic Development Corp.

Exact Sciences to return $61,000 in tax credits (UPDATE)

May 17, 2019 6:00 am Leave a comment

Crews overseen by J.H. Findorff & Son have been building a new laboratory building for medical-diagnostics firm Exact Sciences Corporation at 650 Forward Drive on Madison’s west side. The Associated Press learned on Thursday through an open-records request that Exact Sciences had $61,000 worth of tax credits for jobs created outside of Wisconsin. The new laboratory building, scheduled to open this year, is expected to lead to the creation of 250 jobs over five years and bring the company’s capacity to process Cologuard tests up to about 4.5 million a year. (Staff photo by Dan Shaw)

The Madison-based medical-diagnostics firm Exact Sciences Corporation is the unnamed company discussed in an audit report that revealed it had received $61,000 worth of tax credits for jobs created outside of Wisconsin, an open records request by The Associated Press revealed.

Tagged with: Exact Sciences Foxconn Mark Hogan Wisconsin Economic Development Corp.