TLDR:
- Governor Tony Evers announced the creation of the $100 million Wisconsin Investment Fund, with half of the money coming from the state and the other half from private investors.
- Five firms will manage the money, with a focus on investing in bio-health startups and entrepreneurs.
In an effort to boost the state’s economy and support local businesses, Governor Tony Evers revealed plans for the $100 million Wisconsin Investment Fund. Half of the funding will come from the state, with the remaining half contributed by private investors. The fund will be managed by five firms, with a special emphasis on supporting bio-health startups and entrepreneurs. Wisconsin Economic Development Corporation director Missy Hughes expressed the goal of helping companies grow, thrive, and ultimately stay in Wisconsin. This initiative is a strategic move to encourage economic growth and innovation within the state.
The announcement comes as Wisconsin seeks to attract and retain businesses, positioning itself as a hub for entrepreneurial activity and investment. By allocating a significant amount of funding to the bio-health sector, the state aims to nurture innovation and drive economic development in a rapidly expanding industry. The collaborative effort between the state and private investors signals a commitment to fostering a thriving business environment in Wisconsin, with a focus on long-term sustainability and growth. The Wisconsin Investment Fund represents a strategic investment in the future of the state’s economy, positioning Wisconsin as a competitive player in the venture capital landscape.
