Madison company offered $9 million in tax credits

 

February 25, 2015

MADISON A Madison company that's developed a test to screen for colorectal cancer is offered $9 million in tax incentives to grow its business.

The tax credits for Exact Sciences come from the quasi-public Wisconsin Economic Development Corp. Exact Sciences would have to hire about 760 additional employees and make about $26 million into capital improvements by the end of 2020.

The company currently has 430 employees and moved to Madison from Massachusetts in 2009. It received regulatory approval for its Cologuard test last year.

CEO Kevin Conroy says the company plans to double its staff by the end of this year.

 


Associated Press