Wis. Lawmakers Back $25 Million for Startup Fund
Posted at: 04/24/2013 3:18 PM
MADISON, Wis. (AP) - A group of state lawmakers are putting forward a plan to help fund startups and companies that are growing in Wisconsin.
The bipartisan legislation sponsored by Republican Rep. Mike Kuglitsch, of New Berlin, would put $25 million into a fund that invests in agriculture, technology, energy and other targeted industries. The fund also will include $50 million in investments from private sources.
Lawmakers and business owners said at Wednesday a news conference that Wisconsin has lagged behind other states in creating private sector jobs and the $25 million would provide initial funding to boost economic growth.
The $25 million also was included in Gov. Scott Walker's proposed budget.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)