Madison
52° F
Overcast
Overcast
Advertisement

Panel to vote on bill that helps startups

Published On: May 10 2013 07:21:16 AM CDT

MADISON, Wis. -

A bill that would put $25 million in state money into Wisconsin startups is up for a vote in a legislative committee.

The bipartisan legislation from Republican Rep. Mike Kuglitsch of New Berlin would put the money into a fund that invests in agriculture, technology, energy and other industries. The fund also would get at least $50 million from private sources.

Business owners applauded the plan at a Capitol hearing last week, saying it will bring certainty to state's entrepreneurial environment. They told that lawmakers many companies left Wisconsin because the state didn't have enough capital to help them get through an early growth stage.

But the legislation has drawn concerns from two Democrats who say a one-time investment is not enough to guarantee any long-term return.

Advertisement
  • Craig Spencer

    America's Ebola patients

    An American doctor who was working with Ebola patients in Guinea was been diagnosed with the disease after returning to New York. Learn more about him and America's other Ebola victims.

  • Hot peppers

    Karimala/iStock

    Notable food recalls

    A North Carolina producer of peppers and hot sauces is voluntarily recalling 6,215 pounds of fresh serrano chili peppers because some tested positive for salmonella. Here are other notable food recalls that made headlines.

  • Twitter

    Mario Anzuoni/Reuters

    Famous first tweets

    The Queen is on Twitter! Check out what she had to say and other famous first tweets.

  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement