MADISON, Wis. (AP) – The state Senate is scheduled to vote Tuesday on a bill that would invest millions of dollars in state and private money in Wisconsin startups. The venture capital program created under the proposal would contain $25 million from the state and at least $50 million in private money. It will be overseen by the Department of Administration, with the goal of helping young companies grow and create jobs in Wisconsin. Supporters say the bill will give the state’s entrepreneurs some stability. But critics say a one-time investment isn’t enough to guarantee a long-term return and it doesn’t specify how many jobs will be created. The measure passed the Wisconsin Assembly on an overwhelming 91-2 vote.
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