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Wis. Lawmakers Back $25 Million for Startup Fund

Posted at: 04/24/2013 3:18 PM

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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.

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