With another round of state budget cuts looming, some members of the Wisconsin Legislature are developing a case of "sticker shock" over proposals to invest in the state's early stage economy.
That reaction might be defensible - if not for the fact that investing in young companies through a state-leveraged venture and angel capital fund would be one of the most cost-effective economic development tools available to state government.
Creation of a state-leveraged fund would rival the state's most effective and well-financed tax-credit programs, which have historically existed to help Wisconsin's largest employers create, but mainly retain, jobs.
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