Business groups praise Walker’s budget proposal

Wisconsin business groups are applauding Gov. Scott Walker’s biennial budget proposal.
In the budget plan unveiled Wednesday, Walker proposes increasing the cap on investments that companies can receive and still be eligible for state investor tax credits; the cap would increase from $8 million to $12 million.
“The $8 million cap has been in place for about a decade. Meanwhile, the venture capital needs of emerging companies have increased, especially for those companies engaged in capital-intensive industries,” said Tom Still, president of the Wisconsin Technology Council. “This proposal upda...

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