Microsoft, Packers to Spend $10M to Create Startup Hub in Green Bay
(Page 2 of 2)
tools and expertise, will help grow new businesses as well as assist our existing companies to use technology to realize greater success,” Mark Murphy, the Packers’ president and CEO, said in a prepared statement.
The Packers said they are working together with Microsoft to design the TitletownTech building. The two organizations did not say how much they expect to spend to construct the facility.
Microsoft and the Packers both have deep pockets. The team said it made a $65.4 million operating profit on revenues of $441.4 million for the fiscal year ending March 31. Meanwhile, Microsoft’s market capitalization is nearly $600 billion.
The TitletownTech announcement comes on the heels of AOL co-founder and entrepreneurship advocate Steve Case’s visit to Lambeau Field. Case and other leaders of Revolution, the venture capital firm he co-founded in 2005, stopped in Green Bay as part of Revolution’s “Rise of the Rest” tour, which promotes emerging innovation hubs.