Madison
39° F
Clear
Clear
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
  • College lecture hall

    fredjk/SXC

    Colleges that bring in the highest paycheck

    Graduates with bachelor's degrees from certain U.S. colleges earn some of the highest salaries in the country, according to Payscale. Find out which colleges will get you paid the most.

  • Enterovirus

    CDC

    What to know: Enterovirus

    A respiratory virus that has sickened hundreds of kids across the U.S. has parents across the country worried. Take a look at what you need to know about enteroviruses.

  • Odds of hitting a deer by state

    Could you hit a deer in the next 12 months? The odds are higher this year nationally. Find out the chances in your state.

Advertisement