Loading

36°F

35°F

37°F

30°F

35°F

38°F

37°F

38°F

35°F

37°F

38°F

37°F
NEWS STORIES

State pension fund group rejects WEDC investment requestSubmitted: 02/04/2013
Story By The Associated Press

MADISON - The board that oversees Wisconsin's pension funds has rejected a request from the head of Gov. Scott Walker's semi-private economic development agency to invest $200 million to help startup businesses.

Wisconsin Economic Development Corp. head Reed Hall asked the State of Wisconsin Investment Board in November for the venture capital seed money in November. The board rejected the request, saying that the use of pension funds to pay for economic development initiatives "does not meet our fiduciary duty."

The request for funding as well as SWIB's response is contained in a report submitted by SWIB in December. The Wisconsin Reporter website was the first to report on it.

Hall made the request when he was the interim head of WEDC. Last week Walker named him as the permanent head.



Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

BAYFIELD COUNTY - Authorities have recovered the body of a missing 77-year-old fisherman from a lake in northern Wisconsin.

+ Read More

RHINELANDER - It gave people of all ages a community focused event to enjoy.

It's something ArtStart hopes to do after each opening event. It also hopes to mix in different themes for the receptions.

"In the past we've always had earlier receptions and this year we thought we'd try something different and have after parties with dancing and open bar, and hopefully attract maybe a little younger crowd," said Organizer Melinda Childs.

+ Read More

TOMAH - Air Force veteran Jason Bishop says he has struggled in vain to find chronic pain relief at several Department of Veterans Affairs hospitals, including one in Tomah.

Bishop says the VA hospitals have offered him treatment, including prescriptions for narcotics, but few long-term solutions.

Bishop was one of thousands of veterans to receive the narcotic as well as a prescription for a benzodiazepine, a class of psychoactive drugs that act as a tranquilizer. Experts say combining the two raises risk of injury and death.

The Tomah hospital is at the center of multiple probes after reports of narcotic overprescribing practices and retaliatory behavior surfaced in January, allegations already affirmed by a preliminary report. U.S. House and Senate committees are to hold a joint field hearing Monday in Tomah.

+ Read More

RHINELANDER - A Milwaukee Public TV program came to Rhinelander last summer to profile the city.

Around the Corner with John McGivern will premier its episode on Rhinelander this week, but Rhinelander community members got the chance to see the episode before it airs.

Wisconsin Public Television hosted a premiere event Saturday night.

The show featured area businesses like Expera, Ponsse, and Foster and Smith.

It also showcased the community.

+ Read More

MERRILL - That's why she organized a spring craft and vendor show in Merrill. The show was Saturday at Les and Jim's Lincoln Lanes.

About 45 vendors came for the event.

Event organizer Laura Bares became interested in craft shows through another skillset.

+ Read More

Play Video

TOMAHAWK - It might not even feel like spring outside yet, but some people at Treehaven in Tomahawk spent Saturday preparing for the day they can start fishing again.

+ Read More

Play Video

TOMAHAWK - The Tomahawk Elementary School hosted its first spring carnival this year. Our Sisters' House, a homeless shelter under construction in Tomahawk, organized the event.

+ Read More
+ More General News
Search: 




Click Here