In a last-ditch effort to get an investment capital bill passed before the end of this session, the Wisconsin Economic Development Corp. has floated a proposal to fund promising young companies with money raised from the sale of unused investment tax credits.
The proposal comes as many lawmakers acknowledge there is little hope of salvaging a $400 million venture capital bill Gov. Scott Walker promoted early last year as a key component of his effort to create more jobs in the state. That bill was derailed by controversy over whether to include participation from out-of-state financial firms called CAPCOs.
To read the full, original article click on this link: Agency proposes new venture capital plan - JSOnline
