Friday, June 28, 2013

Starting-Up More Trouble

The cronyism and nefarious activities at the Wisconsin Economic Development Corporation weren't enough. Scott Walker and his Republican henchmen have found another avenue of misappropriation.
The Legislature overwhelmingly voted Tuesday to provide $25 million in taxpayer money to start-up companies..."This is one more way that we move our economy forward," Walker said.  ~ Senate, Assembly OK $25 Million For Start-Up Firms
Venture capital provides just two percent of the capital for new businesses.

More than half of new businesses are gone within five years.

For Further Reading:
Something Ventured, (Virtually) Nothing Gained
A Steaming Pile Of Boldness
Venturing Aimlessly
Venturing Wisconsin's Money

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