Walker makes $25 million venture capital pitch

Published On: Feb 18 2013 09:15:50 AM CST
Scott Walker
MADISON, Wis. (AP) -

Gov. Scott Walker says he will pool together $25 million in his new budget to invest in the state's startup and emerging companies.

Walker tells the Wisconsin State Journal in a story Monday that the proposed venture capital fund will boost the economy and create more jobs in Wisconsin.

Walker plans to introduce the plan as part of his budget released to the Legislature on Wednesday.

The fund is said to combine both state and private investments and is on top of millions of dollars in tax credits for startup companies Walker previously proposed.

A venture capital proposal failed in the last session because Republicans could not agree on the size or structure of the fund.