Madison
72° 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
  • sandwich platter sandwiches food

    iStock / WinterStorm

    10 things that will cost more this fall

    Prices are going up for a wide variety of products and services this fall, from airfare to bacon.

  • James Foley in helmet

    Courtesy Dan Shakal

    Who was James Foley?

    James Foley was an American photojournalist who went missing in Syria almost two years ago. On Tuesday, August 19th, a video, apparently produced by ISIS as a warning to the US to stop air strikes against the group in Iraq, ended with Foley's beheading. Learn more about the life of the man whose his parents call a 'martyr for freedom.'

  • Police lights file 2

    Ridiculous 911 calls

    Have you ever considered calling 911 because of a massive spider in your house? How about because a McDonald's employee got your order wrong? Take a look at some of the strangest reasons people have recently called 911.

Advertisement