The Governor unveils the next phase in his Grow Wisconsin Agenda.
Governor Jim Doyle's “Accelerate Wisconsin” proposal creates new funding programs and tax exemptions, to help encourage investments in new business. Doyle says the plan will help grow start-up businesses to help the economy and lure new industries to the state. He says it gives them the resources and flexibility needed to grow and thrive.
The proposal would double funding for technology grants and loans and increase angel investor and venture capital tax credits. The Governor's plan would also increase tax credit caps for investing in Wisconsin businesses and allow for a 100-percent capital gains tax exclusion of up to $10 million.
The proposal is expected to be one of several initiatives the Governor includes in his State of the State address later this month.