n this Feb. 13, 2013 file photo, Wisconsin Gov. Scott Walker listens to a question while speaking with media about his proposed reforms to Medicaid, unemployment compensation, and food stamps, at Business Day in Madison, an event with Wisconsin Manufacturers & Commerce at Monona Terrace Community and Convention Center in Madison, Wis. Walker will propose a modest increase in funding for Wisconsin's public schools in his budget to the Legislature on Wednesday, Feb. 20, 2013, two years after his steep cuts and all but eliminating collective bargaining for teachers sparked the unsuccessful movement to recall Walker from office.
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.