A bi-partisan group of legislators is one step closer to subsidizing risky startup businesses with taxpayer cash.
The venture capital bill narrowly passed out of committee Friday.
The measure would take what amounts to $4.35 from every man, woman and child in Wisconsin and give it to the Wisconsin Economic Development Corp., the embattled quasi-public agency in the hot seat over charges of mismanagement and accountability failings.
To read the original article: WI Jobs committee gives WEDC reins of $25 million venture capital bill « Watchdog.org
