State lawmakers are considering legislation designed to help businesses grow and add new jobs.
The proposed Wisconsin CORE Jobs Act would expand tax credits for the state’s angel investor program, foster stronger ties between UW researchers and the private sector, and provide several other incentive programs for businesses looking to expand.
State Senator Julie Lassa (D-Stevens Point), a sponsor of the plan, says it would invest nearly $15 million in state revenues to help Wisconsin’s economy grow.
However, Republican state Senator Ted Kanavas (R-Brookfield) says the plan is not aggressive enough to help the state in the long term. If lawmakers want to help businesses, he says they should roll back tax increases included in the last state budget.
Lassa says her proposal is based on what the state can do right now with its currently limited resources.
The legislation received a hearing Thursday at the Capitol.
AUDIO: Andrew Beckett reports (1:06)