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Governor Signs Venture Capital Bill

MILWAUKEE – Last Week, Governor Walker signed Act 41, providing much-needed investment capital support for early-stage Wisconsin companies.

Act 41 makes the state a partner in a larger “fund of funds” that matches the state’s $25 million investment, set aside in the 2013-15 state budget, with at least $50 million in private investment.

Chamber President Zach Brandon praised the bipartisan effort, saying it will make Wisconsin more competitive at fostering entrepreneurial activity and converting new ideas into sustainable businesses and jobs. With this more competitive venture capital program in place, Wisconsin is well-positioned to help companies start, stay, and grow.

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