Walker to Focus on Helping Startups

by Brian Lee

Entrepreneurs may see some more help from the State of Wisconsin in creating new businesses and jobs, according to Gov. Scott Walker.

In his State of the State address Tuesday at the State Capitol, Gov. Walker pledged to help startups and small businesses by increasing the amount of investment capital available and making it easier to do business with the state itself.

“In addition to access to capital, we want to help small businesses grow by lowering the cost of doing business in our state,” Gov. Walker said. “We want to streamline the process, so what we do enforce is about common sense and not about bureaucratic red tape.”

Walker didn’t mention in his speech efforts to bring back the $400 million venture capital bill that failed in the previous legislative session. That bill died over disagreement about allocating half the money to out-of-state financial firms known as certified capital companies.

However, Walker announced last fall that he has asked the Wisconsin Economic Development Corp. to create a coalition to work on a new bill.

“With bold vision and bright hope for the future, we are turning things around,” Walker said at the end of his speech. “We are heading in the right direction.”