WEDC Awards Loans, New QNBV Credits

by Brian Lee

The Wisconsin Economic Development Corporation announced this week four new startups are now Qualified New Business Ventures, while two startups have been approved for Technology Business Development Investment Loans.

Investors receive a 25 percent tax credit on the amount they invest in QNBV companies, which now include Madison-based Thalchemy Corporation, as well as Bomboard (Whitewater), Edison DC Systems (Grafton) and eInnov8 Marketing (Mequon).

Meanwhile, Kayo Technology out of Madison is eligible for a $250,000 loan, and Coating Tech Slot Dies (Eau Claire) is eligible for a $160,000 loan. The money is for Wisconsin companies to facilitate research and development and commercialization of innovative technology products.