Gov. Scott Walker signed legislation Thursday to provide $25 million in taxpayer money to start-up companies, realizing a goal he has sought for more than two years.Providing venture capital has had a rocky history in recent years. Bills to do that last session couldnt get through the Legislature, and this years legislation has had its share of glitches, falling well short of the original dollar amount sought by supporters.Conservative critics in recent weeks have noted that though all of the money will go to Wisconsin-based companies, some of the resulting jobs might be created elsewhere.”The $25 million allocated for this program in the state budget will help grow private sector jobs by investing in start-up companies,” Walker said in a statement. “One hundred percent of the funds from this program will go to Wisconsin-based businesses, and there are a number of measures in place to ensure accountability and transparency for the hard-working taxpayers.”

via Gov. Scott Walker signs venture capital legislation.

Leave a Reply